Marshall Wace LLP Increases Holdings in National Storage Affiliates Trust (NYSE:NSA)

Marshall Wace LLP raised its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 57.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 527,355 shares of the real estate investment trust's stock after acquiring an additional 192,765 shares during the quarter. Marshall Wace LLP owned approximately 0.69% of National Storage Affiliates Trust worth $19,992,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NSA. Versant Capital Management Inc boosted its position in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after purchasing an additional 514 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after buying an additional 710 shares during the period. KBC Group NV increased its stake in shares of 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 acquiring an additional 1,869 shares in the last quarter. Sterling Capital Management LLC increased its stake in shares of National Storage Affiliates Trust by 50.8% in the 4th quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in National Storage Affiliates Trust during the 4th quarter valued at about $210,000. Institutional investors own 99.97% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Barclays decreased their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Mizuho assumed coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target for the company. 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 research report on Friday, February 21st. Robert W. Baird decreased their target price 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $41.28.

Insider Activity

In other news, Director Michael J. Schall bought 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now owns 6,000 shares of the company's stock, valued at $231,240. The trade was 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. Insiders own 13.70% of the company's stock.

National Storage Affiliates Trust Stock Performance

Shares of NSA traded down $0.40 during mid-day trading on Friday, hitting $36.00. 74,230 shares of the company traded hands, compared to its average volume of 651,376. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. 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 stock has a 50-day moving average price of $37.14 and a two-hundred day moving average price of $39.42. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 21.05 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.41. The firm 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%. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.33%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is presently 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.