Renaissance Technologies LLC Acquires 113,700 Shares of National Storage Affiliates Trust (NYSE:NSA)

Renaissance Technologies LLC boosted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 368.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,600 shares of the real estate investment trust's stock after buying an additional 113,700 shares during the quarter. Renaissance Technologies LLC owned approximately 0.19% of National Storage Affiliates Trust worth $5,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Versant Capital Management Inc grew its position in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 514 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of National Storage Affiliates Trust by 48.9% in the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 710 shares during the last quarter. KBC Group NV increased its stake in shares of National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after buying an additional 1,869 shares during the period. Virtu Financial LLC bought a new stake in National Storage Affiliates Trust during the 4th quarter valued at $210,000. Finally, Johnson & White Wealth Management LLC purchased a new stake in National Storage Affiliates Trust during the 4th quarter valued at $228,000. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Down 1.4 %

National Storage Affiliates Trust stock traded down $0.51 on Friday, hitting $35.90. 42,844 shares of the stock traded hands, compared to its average volume of 654,409. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. The firm has a market cap of $2.74 billion, a P/E ratio of 20.99 and a beta of 1.04. 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 fifty day simple moving average is $37.14 and its 200 day simple moving average is $39.42.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued 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. The company had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. As a group, sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.35%. National Storage Affiliates Trust's payout ratio is currently 200.00%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on NSA shares. Barclays decreased their price objective on shares of 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. Mizuho began coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. Wells Fargo & Company cut their price objective 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. Robert W. Baird decreased 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. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $41.28.

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall bought 4,000 shares of the company's stock in a transaction 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 acquisition, the director now owns 6,000 shares of the company's stock, valued at $231,240. The trade was a 200.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.70% of the stock is owned by corporate 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.