Janus Henderson Group PLC Grows Stake in National Storage Affiliates Trust (NYSE:NSA)

Janus Henderson Group PLC raised its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 534,183 shares of the real estate investment trust's stock after purchasing an additional 94,117 shares during the period. Janus Henderson Group PLC owned approximately 0.70% of National Storage Affiliates Trust worth $20,252,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. SPC Financial Inc. grew its stake in shares of National Storage Affiliates Trust by 4.6% during the 4th quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock valued at $258,000 after purchasing an additional 300 shares during the period. Retirement Systems of Alabama boosted its stake in shares of National Storage Affiliates Trust by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust's stock worth $3,233,000 after acquiring an additional 412 shares during the last quarter. Arizona State Retirement System increased its stake in shares of National Storage Affiliates Trust by 2.1% in the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock worth $794,000 after purchasing an additional 437 shares in the last quarter. 1620 Investment Advisors Inc. lifted its position in National Storage Affiliates Trust by 3.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust's stock valued at $527,000 after purchasing an additional 475 shares in the last quarter. Finally, Xponance Inc. increased its position in National Storage Affiliates Trust by 6.3% in the fourth quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust's stock worth $305,000 after buying an additional 475 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at approximately $231,240. The trade was a 200.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 13.70% of the company's stock.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock traded up $0.13 during midday trading on Monday, reaching $36.85. The company had a trading volume of 814,503 shares, compared to its average volume of 671,835. The firm's fifty day simple moving average is $36.49 and its 200-day simple moving average is $38.53. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44. The company has a market capitalization of $2.82 billion, a P/E ratio of 21.55 and a beta of 1.20. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). The business had revenue of $188.35 million during 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 revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.60 EPS. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.19%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 386.44%.

Wall Street Analyst Weigh In

NSA has been the topic of several analyst reports. Truist Financial lowered their price target on shares of National Storage Affiliates Trust from $39.00 to $37.00 and set a "hold" rating on the stock in a report on Monday. Mizuho started coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. Wells Fargo & Company reduced their price target 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. Robert W. Baird decreased their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Finally, Barclays decreased their price objective 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, National Storage Affiliates Trust has an average rating of "Hold" and an average price target of $40.83.

About National Storage Affiliates Trust

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.