Wasatch Advisors LP Buys 506,398 Shares of National Storage Affiliates Trust (NYSE:NSA)

Wasatch Advisors LP grew its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,679,180 shares of the real estate investment trust's stock after purchasing an additional 506,398 shares during the quarter. National Storage Affiliates Trust comprises about 1.3% of Wasatch Advisors LP's investment portfolio, making the stock its 23rd largest position. Wasatch Advisors LP owned 8.76% of National Storage Affiliates Trust worth $253,208,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of NSA. Versant Capital Management Inc lifted its position in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 514 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of National Storage Affiliates Trust by 48.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 710 shares during the period. KBC Group NV increased its position in shares of National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after purchasing an additional 1,869 shares during the period. 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 valued at $156,000 after purchasing an additional 1,388 shares during the last quarter. Finally, Virtu Financial LLC bought a new position in shares of National Storage Affiliates Trust in the fourth quarter worth about $210,000. Institutional investors own 99.97% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Mizuho began coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Robert W. Baird lowered their price target 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. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Barclays lowered 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 research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $41.28.

National Storage Affiliates Trust Stock Down 3.1 %

NYSE:NSA traded down $1.15 during midday trading on Monday, hitting $35.61. 69,686 shares of the company were exchanged, compared to its average volume of 653,668. The company has a fifty day simple moving average of $37.25 and a 200 day simple moving average of $39.58. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $2.72 billion, a PE ratio of 20.82 and a beta of 1.04.

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

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust's payout ratio is presently 200.00%.

Insider Activity at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred 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 acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $231,240. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 13.70% of the stock is currently owned by insiders.

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.