Ontario Teachers Pension Plan Board Buys 21,851 Shares of National Storage Affiliates Trust (NYSE:NSA)

Ontario Teachers Pension Plan Board increased its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 26.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 105,182 shares of the real estate investment trust's stock after purchasing an additional 21,851 shares during the quarter. Ontario Teachers Pension Plan Board owned approximately 0.14% of National Storage Affiliates Trust worth $3,987,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in NSA. Versant Capital Management Inc lifted its stake 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 buying an additional 514 shares during the period. Venturi Wealth Management LLC increased its holdings 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 valued at $82,000 after purchasing an additional 710 shares during the period. KBC Group NV boosted its holdings in shares of National Storage Affiliates Trust by 94.3% during 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 grew its position in National Storage Affiliates Trust by 50.8% during the fourth 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 in the last quarter. Finally, Virtu Financial LLC acquired a new position in National Storage Affiliates Trust in the 4th quarter valued at approximately $210,000. Institutional investors and hedge funds own 99.97% of the company's stock.

Insider Activity

In other news, Director Michael J. Schall bought 4,000 shares of the firm's stock in a transaction that occurred on Thursday, March 6th. The shares were acquired 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 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

NSA has been the topic of a number of research reports. Robert W. Baird dropped 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company dropped their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Mizuho initiated coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price for the company. Finally, Barclays reduced their price objective 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. Two equities research 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. According to data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of "Hold" and an average price target of $41.28.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA traded up $1.20 during trading hours on Friday, hitting $36.74. 510,713 shares of the stock were exchanged, compared to its average volume of 655,970. The firm has a market capitalization of $2.81 billion, a P/E ratio of 21.48 and a beta of 1.04. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company's 50 day moving average is $37.25 and its 200 day moving average is $39.63.

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 (EPS) for the quarter, beating 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 company had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. On average, research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.21%. National Storage Affiliates Trust's dividend payout ratio (DPR) 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.