Voya Investment Management LLC Buys 85,969 Shares of National Storage Affiliates Trust (NYSE:NSA)

Voya Investment Management LLC grew its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 88.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 182,689 shares of the real estate investment trust's stock after acquiring an additional 85,969 shares during the period. Voya Investment Management LLC owned 0.24% of National Storage Affiliates Trust worth $6,926,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. SPC Financial Inc. increased its holdings in National Storage Affiliates Trust by 4.6% during the fourth quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust's stock valued at $258,000 after buying an additional 300 shares during the period. Retirement Systems of Alabama grew its stake in National Storage Affiliates Trust by 0.5% in the fourth quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust's stock valued at $3,233,000 after purchasing an additional 412 shares during the last quarter. Arizona State Retirement System raised its holdings in National Storage Affiliates Trust by 2.1% in the fourth quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust's stock worth $794,000 after purchasing an additional 437 shares in the last quarter. 1620 Investment Advisors Inc. lifted its position in shares of National Storage Affiliates Trust by 3.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust's stock valued at $527,000 after buying an additional 475 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in shares of National Storage Affiliates Trust by 6.3% in the 4th quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust's stock valued at $305,000 after buying an additional 475 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NSA shares. Barclays lowered their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. Mizuho initiated coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price target for the company. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Robert W. Baird decreased their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Finally, Wells Fargo & Company reduced their target price 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. Two investment 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's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $41.28.

National Storage Affiliates Trust Stock Up 1.2 %

NSA stock traded up $0.46 during mid-day trading on Friday, hitting $37.69. 698,088 shares of the company were exchanged, compared to its average volume of 654,146. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The firm has a fifty day simple moving average of $37.00 and a 200 day simple moving average of $39.10. The company has a market capitalization of $2.88 billion, a PE ratio of 22.04 and a beta of 1.04.

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

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 6.05%. National Storage Affiliates Trust's payout ratio is 200.00%.

Insider Buying and Selling

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares of the company's stock, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at 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.