B. Metzler seel. Sohn & Co. AG Has $4.04 Million Position in National Storage Affiliates Trust (NYSE:NSA)

B. Metzler seel. Sohn & Co. AG lessened its stake in National Storage Affiliates Trust (NYSE:NSA) by 5.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,460 shares of the real estate investment trust’s stock after selling 5,704 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.14% of National Storage Affiliates Trust worth $4,036,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in shares of National Storage Affiliates Trust by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust’s stock valued at $47,672,000 after acquiring an additional 43,074 shares during the period. Citigroup Inc. raised its holdings in National Storage Affiliates Trust by 238.9% during the 3rd quarter. Citigroup Inc. now owns 108,734 shares of the real estate investment trust’s stock worth $5,241,000 after purchasing an additional 76,652 shares during the last quarter. Cerity Partners LLC lifted its position in National Storage Affiliates Trust by 35.7% during the 3rd quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust’s stock valued at $2,303,000 after purchasing an additional 12,583 shares during the period. FMR LLC boosted its stake in shares of 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 valued at $80,214,000 after purchasing an additional 358,449 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 worth $20,300,000 after buying an additional 334,445 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust 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 transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. This represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 13.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NSA. 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. Barclays cut 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 research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, 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 note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.06.

National Storage Affiliates Trust Stock Up 1.9 %

Shares of National Storage Affiliates Trust stock opened at $39.44 on Tuesday. The company has a market capitalization of $3.01 billion, a P/E ratio of 23.07 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. The business has a 50-day moving average of $37.84 and a two-hundred day moving average of $40.93. National Storage Affiliates Trust has a 1 year low of $34.59 and a 1 year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced 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 for the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. As a group, equities analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Friday, March 14th. 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.