National Storage Affiliates Trust (NYSE:NSA) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. increased its stake in National Storage Affiliates Trust (NYSE:NSA) by 4.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,118 shares of the real estate investment trust’s stock after purchasing an additional 4,843 shares during the period. Asset Management One Co. Ltd. owned 0.14% of National Storage Affiliates Trust worth $3,924,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of NSA. FMR LLC boosted its stake in National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock worth $80,214,000 after purchasing an additional 358,449 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in National Storage Affiliates Trust by 385.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock valued at $20,300,000 after acquiring an additional 334,445 shares during the period. Victory Capital Management Inc. lifted its stake in National Storage Affiliates Trust by 1,581.9% during the 3rd quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock valued at $11,650,000 after acquiring an additional 227,334 shares during the period. Hancock Whitney Corp lifted its stake in National Storage Affiliates Trust by 1,760.2% during the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock valued at $10,035,000 after acquiring an additional 197,003 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in National Storage Affiliates Trust during the 3rd quarter valued at approximately $5,406,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NSA. Barclays decreased their price objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. 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. Finally, Robert W. Baird boosted their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $43.06.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $37.46 on Thursday. National Storage Affiliates Trust has a 52-week low of $34.50 and a 52-week high of $49.44. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of 21.91 and a beta of 1.03. The company has a fifty day simple moving average of $37.66 and a 200-day simple moving average of $42.24. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.09%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 133.33%.

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.