Northern Trust Corp Grows Stake in National Storage Affiliates Trust (NYSE:NSA)

Northern Trust Corp lifted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,078,877 shares of the real estate investment trust's stock after buying an additional 253,176 shares during the quarter. Northern Trust Corp owned about 1.42% of National Storage Affiliates Trust worth $40,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fisher Asset Management LLC raised its stake in National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock valued at $384,000 after buying an additional 616 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $795,000. Charles Schwab Investment Management Inc. boosted its stake in shares of National Storage Affiliates Trust by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock valued at $38,381,000 after buying an additional 23,366 shares during the period. Sei Investments Co. boosted its stake in shares of National Storage Affiliates Trust by 8.0% in the fourth quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock valued at $14,943,000 after buying an additional 29,063 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its stake in National Storage Affiliates Trust by 9.3% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock worth $3,406,000 after purchasing an additional 7,655 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Trading Down 0.9%

National Storage Affiliates Trust stock traded down $0.33 during trading hours on Monday, reaching $36.31. 642,289 shares of the company's stock were exchanged, compared to its average volume of 662,574. 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's 50 day simple moving average is $36.81 and its 200 day simple moving average is $38.77. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The firm has a market capitalization of $2.78 billion, a PE ratio of 21.23 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its 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 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 business's quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. Research analysts predict 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 announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.28%. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

Wall Street Analysts Forecast Growth

NSA has been the subject of several analyst reports. Robert W. Baird lowered their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Barclays lowered their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. Mizuho started coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. Finally, Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, seven have assigned 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 a consensus rating of "Hold" and a consensus target price of $41.28.

Insider Activity

In other news, Director Michael J. Schall bought 4,000 shares of the company's stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at $231,240. This represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.70% of the stock is currently owned by company 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.