Quantinno Capital Management LP Raises Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Quantinno Capital Management LP grew its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 20.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 212,400 shares of the real estate investment trust's stock after purchasing an additional 35,656 shares during the period. Quantinno Capital Management LP owned about 0.28% of National Storage Affiliates Trust worth $8,052,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Quarry LP boosted its position in National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 756 shares during the period. Venturi Wealth Management LLC raised its stake in National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 710 shares in the last quarter. KBC Group NV raised its stake in 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 acquiring an additional 1,869 shares in the last quarter. Sterling Capital Management LLC raised its stake 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 worth $156,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at $210,000. Institutional investors and hedge funds own 99.97% of the company's stock.

Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the business's stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.70% of the company's stock.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock traded up $0.13 during trading on Monday, reaching $36.85. 814,503 shares of the company's stock were exchanged, compared to its average volume of 671,835. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. 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 $2.82 billion, a P/E ratio of 21.55 and a beta of 1.20. The firm's 50-day moving average price is $36.48 and its 200 day moving average price is $38.50.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same period in the previous year, the company earned $0.60 EPS. National Storage Affiliates Trust's revenue for the quarter 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 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a dividend yield of 6.19%. National Storage Affiliates Trust's payout ratio is 386.44%.

Analysts Set New Price Targets

NSA has been the topic of several recent research reports. Robert W. Baird decreased their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Barclays decreased their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Truist Financial decreased their price target on National Storage Affiliates Trust from $39.00 to $37.00 and set a "hold" rating on the stock in a report on Monday. Mizuho initiated coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target on the stock. Finally, Wells Fargo & Company decreased their price target 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.83.

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.