Geode Capital Management LLC Grows Holdings in National Storage Affiliates Trust (NYSE:NSA)

Geode Capital Management LLC increased its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,348,728 shares of the real estate investment trust's stock after purchasing an additional 15,468 shares during the quarter. Geode Capital Management LLC owned approximately 1.77% of National Storage Affiliates Trust worth $51,144,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the business. Fisher Asset Management LLC increased its position in National Storage Affiliates Trust by 6.5% during the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock valued at $384,000 after purchasing an additional 616 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $795,000. Charles Schwab Investment Management Inc. increased its position in shares of National Storage Affiliates Trust by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock valued at $38,381,000 after buying an additional 23,366 shares during the period. Sei Investments Co. raised its stake in National Storage Affiliates Trust by 8.0% in the fourth quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock worth $14,943,000 after buying an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its stake in National Storage Affiliates Trust by 9.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock worth $3,406,000 after buying an additional 7,655 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the business's stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 13.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NSA shares. Barclays reduced their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Mizuho initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research note on Friday, February 21st. Finally, Robert W. Baird dropped their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $41.28.

National Storage Affiliates Trust Stock Up 3.4 %

Shares of NYSE NSA traded up $1.20 during midday trading on Friday, hitting $36.74. The stock had a trading volume of 510,713 shares, compared to its average volume of 655,579. The business's 50 day moving average is $37.25 and its 200-day moving average is $39.68. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market cap of $2.81 billion, a P/E ratio of 21.48 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.41. The business had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. As a group, analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is 200.00%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.