National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 20.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,060,274 shares of the real estate investment trust’s stock after purchasing an additional 181,644 shares during the period. Wellington Management Group LLP owned about 1.33% of National Storage Affiliates Trust worth $43,970,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NSA. Fifth Third Bancorp raised its position in National Storage Affiliates Trust by 436.8% during the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 961 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in National Storage Affiliates Trust by 39.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 1,709 shares in the last quarter. Metis Global Partners LLC acquired a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $210,000. Cape Cod Five Cents Savings Bank purchased a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $213,000. Finally, Colonial River Wealth Management LLC acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $220,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

NSA opened at $42.25 on Monday. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $42.69. The company’s 50 day simple moving average is $37.34 and its 200 day simple moving average is $37.80. The stock has a market capitalization of $3.17 billion, a PE ratio of 22.12 and a beta of 0.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.01 and a current ratio of 1.01.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $196.15 million for the quarter, compared to analyst estimates of $191.70 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. National Storage Affiliates Trust’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the business earned $0.66 EPS. As a group, sell-side analysts expect that National Storage Affiliates Trust will post 2.49 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.56 dividend. The ex-dividend date is Friday, June 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.30%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

Insider Activity

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger purchased 18,405 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The shares were purchased at an average price of $37.74 per share, for a total transaction of $694,604.70. Following the completion of the acquisition, the director now owns 114,155 shares of the company’s stock, valued at approximately $4,308,209.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Barclays began coverage on National Storage Affiliates Trust in a report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, National Storage Affiliates Trust has an average rating of “Hold” and a consensus price target of $36.44.

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.