29,502 Shares in National Storage Affiliates Trust (NYSE:NSA) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC acquired a new position in National Storage Affiliates Trust (NYSE:NSA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,502 shares of the real estate investment trust’s stock, valued at approximately $1,118,000.

A number of other hedge funds have also recently added to or reduced their stakes in NSA. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust in the third quarter worth approximately $25,000. Versant Capital Management Inc grew its holdings in National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 710 shares during the last quarter. KBC Group NV grew its holdings in National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,869 shares during the last quarter. Finally, US Bancorp DE grew its holdings in National Storage Affiliates Trust by 13.3% during the third quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock valued at $148,000 after purchasing an additional 360 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

NSA has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays lowered their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday. Robert W. Baird lowered their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company lowered 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 research note on Friday, February 21st. 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. According to data from MarketBeat, National Storage Affiliates Trust has a consensus rating of “Hold” and an average price target of $42.06.

Insider Buying and Selling at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the business’s stock in a transaction on 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 owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 12.20% of the company’s stock.

National Storage Affiliates Trust Stock Down 0.0 %

Shares of NSA stock opened at $36.64 on Friday. The stock has a market cap of $2.80 billion, a P/E ratio of 21.43 and a beta of 1.07. National Storage Affiliates Trust has a one year low of $34.59 and a one year high of $49.44. The stock has a fifty day moving average price of $37.48 and a 200 day moving average price of $41.61. 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 (NYSE:NSA) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

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

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.