National Storage Affiliates Trust (NYSE:NSA) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 64.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,638 shares of the real estate investment trust's stock after acquiring an additional 18,277 shares during the quarter. Jacobs Levy Equity Management Inc. owned about 0.06% of National Storage Affiliates Trust worth $1,768,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BluePath Capital Management LLC boosted its position in shares of National Storage Affiliates Trust by 23.8% in the fourth quarter. BluePath Capital Management LLC now owns 18,789 shares of the real estate investment trust's stock worth $682,000 after purchasing an additional 3,608 shares during the period. Wedge Capital Management L L P NC raised its position in shares of National Storage Affiliates Trust by 11.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 189,371 shares of the real estate investment trust's stock valued at $7,179,000 after purchasing an additional 19,229 shares during the period. SG Americas Securities LLC raised its position in shares of National Storage Affiliates Trust by 1,354.0% during the 4th quarter. SG Americas Securities LLC now owns 85,784 shares of the real estate investment trust's stock valued at $3,252,000 after purchasing an additional 79,884 shares during the period. KBC Group NV boosted its holdings in National Storage Affiliates Trust by 94.3% in the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after buying an additional 1,869 shares during the period. Finally, abrdn plc increased its stake in National Storage Affiliates Trust by 30.6% in the 4th quarter. abrdn plc now owns 17,831 shares of the real estate investment trust's stock worth $666,000 after buying an additional 4,180 shares in the last quarter. Institutional investors own 99.97% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NSA. Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Mizuho started coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target on the stock. Robert W. Baird cut their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Barclays reduced their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 12th. Finally, Truist Financial dropped their target price on shares of National Storage Affiliates Trust from $39.00 to $37.00 and set a "hold" rating for the company in a research report on Monday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.83.

Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the company's stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.70% of the company's stock.

National Storage Affiliates Trust Stock Performance

NSA stock traded down $1.55 during trading on Wednesday, reaching $35.06. The company had a trading volume of 160,201 shares, compared to its average volume of 670,469. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The firm has a 50-day simple moving average of $36.49 and a 200-day simple moving average of $38.48. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 20.49 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm's quarterly revenue was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 EPS. As a group, sell-side analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.50%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's payout ratio is presently 386.44%.

National Storage Affiliates Trust 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.