Wells Fargo & Company MN Boosts Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Wells Fargo & Company MN boosted its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 3.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 266,068 shares of the real estate investment trust's stock after acquiring an additional 8,639 shares during the quarter. Wells Fargo & Company MN owned 0.35% of National Storage Affiliates Trust worth $10,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NSA. Vanguard Group Inc. boosted its holdings in National Storage Affiliates Trust by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust's stock worth $369,979,000 after purchasing an additional 80,923 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of National Storage Affiliates Trust by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust's stock worth $96,600,000 after buying an additional 10,783 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of National Storage Affiliates Trust by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 1,348,728 shares of the real estate investment trust's stock valued at $51,144,000 after acquiring an additional 15,468 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of National Storage Affiliates Trust by 39.7% in the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock valued at $42,110,000 after acquiring an additional 315,474 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in National Storage Affiliates Trust by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock worth $38,381,000 after acquiring an additional 23,366 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on NSA shares. Barclays decreased their price target on 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. Robert W. Baird lowered their target price 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. Wells Fargo & Company cut 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 lowered their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Mizuho started coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, National Storage Affiliates Trust currently has an average rating of "Hold" and a consensus target price of $41.28.

Insider Buying and Selling

In other news, Director Michael J. Schall purchased 4,000 shares of the business's stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.70% of the stock is currently owned by company insiders.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded up $1.26 during trading on Tuesday, reaching $36.68. 617,981 shares of the stock were exchanged, compared to its average volume of 656,415. The firm has a market cap of $2.80 billion, a PE ratio of 21.45 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. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The stock has a 50-day moving average price of $37.18 and a 200-day moving average price of $39.49.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. Research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

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. This represents a $2.28 annualized dividend and a dividend yield of 6.22%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 200.00%.

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.