Northern Trust Corp Buys 253,176 Shares of National Storage Affiliates Trust (NYSE:NSA)

Northern Trust Corp grew its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 30.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,078,877 shares of the real estate investment trust's stock after acquiring an additional 253,176 shares during the quarter. Northern Trust Corp owned 1.42% of National Storage Affiliates Trust worth $40,900,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Fisher Asset Management LLC boosted its holdings in shares of National Storage Affiliates Trust by 6.5% in the 4th 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 last quarter. Proficio Capital Partners LLC acquired a new stake in National Storage Affiliates Trust during the 4th quarter valued at $795,000. Charles Schwab Investment Management Inc. lifted its holdings in National Storage Affiliates Trust by 2.4% during the 4th 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 purchasing an additional 23,366 shares during the last quarter. Sei Investments Co. lifted its holdings in National Storage Affiliates Trust by 8.0% during the 4th quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock valued at $14,943,000 after purchasing an additional 29,063 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its holdings in National Storage Affiliates Trust by 9.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock valued at $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 Price Performance

Shares of National Storage Affiliates Trust stock traded down $0.75 on Wednesday, reaching $34.66. The stock had a trading volume of 270,843 shares, compared to its average volume of 662,642. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. The company has a market cap of $2.65 billion, a P/E ratio of 20.27 and a beta of 1.20. 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 business's 50 day moving average is $36.69 and its two-hundred day moving average is $38.70.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings results 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). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. During the same quarter in the previous year, the business earned $0.60 earnings per share. The firm's revenue was down 4.0% on a year-over-year basis. As a group, research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 6.58%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 386.44%.

Insider Buying and Selling at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost 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 approximately $231,240. This represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 13.70% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on NSA. Robert W. Baird dropped their target price on 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. 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 on the stock. Wells Fargo & Company decreased their target price on 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. Finally, Barclays decreased their target price 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 analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $41.28.

National Storage Affiliates Trust 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.