National Storage Affiliates Trust (NYSE:NSA) Shares Purchased by SPC Financial Inc.

SPC Financial Inc. lifted its position in National Storage Affiliates Trust (NYSE:NSA) by 6.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,200 shares of the real estate investment trust’s stock after purchasing an additional 400 shares during the period. SPC Financial Inc.’s holdings in National Storage Affiliates Trust were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. grew its holdings in shares of National Storage Affiliates Trust by 6.9% during the first quarter. Daiwa Securities Group Inc. now owns 25,086 shares of the real estate investment trust’s stock worth $982,000 after buying an additional 1,611 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of National Storage Affiliates Trust by 10.0% during the first quarter. Janney Montgomery Scott LLC now owns 27,161 shares of the real estate investment trust’s stock worth $1,064,000 after buying an additional 2,462 shares during the period. BNP Paribas Financial Markets increased its stake in shares of National Storage Affiliates Trust by 86.2% during the first quarter. BNP Paribas Financial Markets now owns 85,539 shares of the real estate investment trust’s stock worth $3,350,000 after buying an additional 39,609 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of National Storage Affiliates Trust by 4.2% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 232,640 shares of the real estate investment trust’s stock worth $9,182,000 after buying an additional 9,393 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of National Storage Affiliates Trust by 6.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,332 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 616 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger purchased 18,405 shares of the stock in a transaction on Friday, June 7th. The stock was bought at an average price of $37.74 per share, for a total transaction of $694,604.70. Following the acquisition, the director now directly owns 114,155 shares of the company’s stock, valued at $4,308,209.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 13.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Barclays began coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 target price on the stock. Three equities 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $36.44.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $42.25 on Friday. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $42.95. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.01 and a current ratio of 1.01. The business has a fifty day moving average of $38.84 and a two-hundred day moving average of $38.01. The company has a market cap of $3.17 billion, a P/E ratio of 22.02 and a beta of 0.95.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $196.15 million during the quarter, compared to the consensus estimate of $191.70 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The business’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.66 EPS. As a group, analysts predict that National Storage Affiliates Trust will post 2.5 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date was Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

About National Storage Affiliates Trust

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.