Fisher Asset Management LLC Grows Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Fisher Asset Management LLC lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,129 shares of the real estate investment trust’s stock after acquiring an additional 616 shares during the quarter. Fisher Asset Management LLC’s holdings in National Storage Affiliates Trust were worth $384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of NSA. FMR LLC increased its holdings in National Storage Affiliates Trust by 27.5% during 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of National Storage Affiliates Trust by 385.7% during the third 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 buying an additional 334,445 shares during the period. TimesSquare Capital Management LLC increased its stake in shares of National Storage Affiliates Trust by 39.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock valued at $42,110,000 after buying an additional 315,474 shares during the period. Victory Capital Management Inc. raised its holdings in shares of National Storage Affiliates Trust by 1,581.9% in 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 acquiring an additional 227,334 shares in the last quarter. Finally, Hancock Whitney Corp lifted its stake in National Storage Affiliates Trust by 1,760.2% in the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock worth $10,035,000 after acquiring an additional 197,003 shares during the period. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 1.8 %

NYSE:NSA opened at $39.48 on Friday. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 23.08 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. The firm has a 50 day moving average of $37.50 and a 200 day moving average of $41.89.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million during 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%. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal 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 issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.78%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

Analyst Ratings Changes

A number of research firms have commented on NSA. Barclays cut their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company cut their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $42.56.

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.