27,922 Shares in National Storage Affiliates Trust (NYSE:NSA) Bought by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. bought a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 27,922 shares of the real estate investment trust's stock, valued at approximately $1,053,000.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in National Storage Affiliates Trust by 3.4% during the 4th quarter. Wells Fargo & Company MN now owns 266,068 shares of the real estate investment trust's stock worth $10,087,000 after acquiring an additional 8,639 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at about $917,000. Geode Capital Management LLC grew its holdings in shares of National Storage Affiliates Trust by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock worth $51,144,000 after purchasing an additional 15,468 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of National Storage Affiliates Trust by 140.6% in the fourth quarter. Franklin Resources Inc. now owns 312,929 shares of the real estate investment trust's stock valued at $11,863,000 after buying an additional 182,878 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its holdings in National Storage Affiliates Trust by 5.4% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 90,880 shares of the real estate investment trust's stock valued at $3,445,000 after buying an additional 4,650 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock traded up $0.54 on Wednesday, reaching $36.04. 84,485 shares of the company traded hands, compared to its average volume of 657,636. The company has a 50 day moving average of $37.33 and a 200 day moving average of $39.86. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44. The firm has a market capitalization of $2.76 billion, a PE ratio of 21.09 and a beta of 1.04. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Equities 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders 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 dividend on an annualized basis and a yield of 6.33%. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the company's stock in a transaction on Thursday, March 6th. The stock was purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on NSA shares. Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research note 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 objective for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays cut 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 report on Wednesday, March 12th. Mizuho started 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 price target on the stock. Finally, Robert W. Baird cut their price objective on shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, National Storage Affiliates Trust presently has a consensus 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.