Jacobs Levy Equity Management Inc. Raises Stake in National Storage Affiliates Trust (NYSE:NSA)

Jacobs Levy Equity Management Inc. grew its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 64.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,638 shares of the real estate investment trust's stock after purchasing an additional 18,277 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.06% of National Storage Affiliates Trust worth $1,768,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in NSA. BluePath Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust by 23.8% during the fourth quarter. BluePath Capital Management LLC now owns 18,789 shares of the real estate investment trust's stock valued at $682,000 after purchasing an additional 3,608 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of National Storage Affiliates Trust by 11.3% during the fourth 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 boosted its stake in shares of National Storage Affiliates Trust by 1,354.0% during the fourth 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 stake in shares of National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 1,869 shares during the period. Finally, abrdn plc raised its holdings in shares of National Storage Affiliates Trust by 30.6% in the fourth quarter. abrdn plc now owns 17,831 shares of the real estate investment trust's stock valued at $666,000 after acquiring an additional 4,180 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Up 2.3%

NYSE NSA opened at $35.42 on Friday. The business's fifty day simple moving average is $36.51 and its 200-day simple moving average is $38.62. 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 firm has a market cap of $2.71 billion, a PE ratio of 20.71 and a beta of 1.20. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44.

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Mizuho assumed coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Barclays cut 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 report on Wednesday, March 12th. 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 on the stock in a report on Thursday, March 13th. Finally, Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $41.28.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the transaction, the director now owns 6,000 shares of the company's stock, valued at $231,240. This trade represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 13.70% of the company's stock.

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.

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