Nebula Research & Development LLC Purchases 8,975 Shares of National Storage Affiliates Trust (NYSE:NSA)

Nebula Research & Development LLC raised its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 38.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,529 shares of the real estate investment trust's stock after buying an additional 8,975 shares during the quarter. Nebula Research & Development LLC's holdings in National Storage Affiliates Trust were worth $1,233,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NSA. Voya Investment Management LLC lifted its stake in National Storage Affiliates Trust by 88.9% during the 4th quarter. Voya Investment Management LLC now owns 182,689 shares of the real estate investment trust's stock worth $6,926,000 after acquiring an additional 85,969 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its stake in National Storage Affiliates Trust by 12.7% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 62,243 shares of the real estate investment trust's stock worth $2,360,000 after acquiring an additional 6,990 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in National Storage Affiliates Trust by 11.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,591 shares of the real estate investment trust's stock worth $2,070,000 after acquiring an additional 5,804 shares in the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at $294,000. Finally, Hsbc Holdings PLC lifted its position in shares of National Storage Affiliates Trust by 13.1% during the 4th quarter. Hsbc Holdings PLC now owns 52,965 shares of the real estate investment trust's stock worth $2,008,000 after purchasing an additional 6,142 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Wells Fargo & Company decreased their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Barclays lowered 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 report on Wednesday, March 12th. Robert W. Baird cut their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Thursday, March 13th. Finally, Mizuho began coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $41.28.

National Storage Affiliates Trust Stock Up 1.1 %

Shares of NSA traded up $0.42 during mid-day trading on Friday, reaching $37.65. 281,097 shares of the stock traded hands, compared to its average volume of 654,465. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44. The stock has a fifty day simple moving average of $37.03 and a 200 day simple moving average of $39.15. The firm has a market cap of $2.88 billion, a price-to-earnings ratio of 22.02 and a beta of 1.04.

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

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.06%. National Storage Affiliates Trust's dividend payout ratio (DPR) is 200.00%.

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 that occurred on 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 completion of the transaction, 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 can be accessed through this link. 13.70% of the stock is currently owned by corporate insiders.

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.