Vanguard Group Inc. Grows Position in National Storage Affiliates Trust (NYSE:NSA)

Vanguard Group Inc. increased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,759,416 shares of the real estate investment trust’s stock after buying an additional 80,923 shares during the quarter. Vanguard Group Inc. owned about 12.80% of National Storage Affiliates Trust worth $369,979,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SPC Financial Inc. increased its stake in National Storage Affiliates Trust by 4.6% during the fourth quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust’s stock worth $258,000 after acquiring an additional 300 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in National Storage Affiliates Trust by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust’s stock valued at $3,233,000 after acquiring an additional 412 shares during the period. Arizona State Retirement System boosted its stake in shares of National Storage Affiliates Trust by 2.1% in the fourth quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust’s stock valued at $794,000 after purchasing an additional 437 shares during the period. 1620 Investment Advisors Inc. increased its stake in National Storage Affiliates Trust by 3.5% during the 4th quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 475 shares during the period. Finally, Xponance Inc. raised its stake in shares of National Storage Affiliates Trust by 6.3% in the fourth quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Barclays decreased 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 note on Wednesday, March 12th. Robert W. Baird cut their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their target price for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company reduced 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 report on Friday, February 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.06.

Insider Buying and Selling

In related 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 cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $39.13 on Thursday. The company has a market cap of $2.99 billion, a PE ratio of 22.88 and a beta of 1.07. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a 1-year low of $34.59 and a 1-year high of $49.44. The stock has a fifty day moving average price of $37.94 and a 200 day moving average price of $40.86.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The company had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. Sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 5.83%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 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.