KBC Group NV Purchases 1,869 Shares of National Storage Affiliates Trust (NYSE:NSA)

KBC Group NV grew its position in National Storage Affiliates Trust (NYSE:NSA) by 94.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,851 shares of the real estate investment trust’s stock after acquiring an additional 1,869 shares during the period. KBC Group NV’s holdings in National Storage Affiliates Trust were worth $146,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its holdings in National Storage Affiliates Trust by 3.3% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 257 shares during the period. US Bancorp DE lifted its position in shares of National Storage Affiliates Trust by 13.3% in the third quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 360 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 period. Loomis Sayles & Co. L P acquired a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $25,000. Finally, Ashton Thomas Securities LLC bought a new stake in National Storage Affiliates Trust in the 3rd quarter valued at $29,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on NSA shares. Robert W. Baird lifted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Barclays reduced their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company upped their target price on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $43.06.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA opened at $37.80 on Friday. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The company’s 50 day moving average price is $38.87 and its two-hundred day moving average price is $42.63. The firm has a market cap of $2.88 billion, a PE ratio of 22.10 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend was Friday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 133.33%.

National Storage Affiliates Trust Company 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.