Charles Schwab Investment Management Inc. Increases Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Charles Schwab Investment Management Inc. lifted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,012,411 shares of the real estate investment trust’s stock after purchasing an additional 23,366 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.33% of National Storage Affiliates Trust worth $38,381,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. US Bancorp DE raised its position in National Storage Affiliates Trust by 13.3% in the 3rd quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 360 shares during the last quarter. Assetmark Inc. purchased a new position in shares of National Storage Affiliates Trust during the third quarter valued at approximately $501,000. Versor Investments LP purchased a new position in shares of National Storage Affiliates Trust during the third quarter valued at approximately $222,000. Victory Capital Management Inc. raised its holdings in shares of National Storage Affiliates Trust by 1,581.9% during the third quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock valued at $11,650,000 after purchasing an additional 227,334 shares during the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of National Storage Affiliates Trust by 30.0% during the third quarter. Metis Global Partners LLC now owns 7,195 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 1,659 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Insider Buying and Selling at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $231,240. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 12.20% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $36.64 on Friday. The business has a 50-day simple moving average of $37.48 and a two-hundred day simple moving average of $41.61. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 21.43 and a beta of 1.07. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44. 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 (NYSE:NSA) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million during the quarter, compared to analyst estimates 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, analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.22%. National Storage Affiliates Trust’s payout ratio is presently 200.00%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Robert W. Baird decreased their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday. Wells Fargo & Company reduced their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Barclays reduced their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $42.06.

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.