Capital World Investors Has $73.60 Million Stake in National Storage Affiliates Trust (NYSE:NSA)

Capital World Investors boosted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 6.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,941,558 shares of the real estate investment trust’s stock after acquiring an additional 113,973 shares during the quarter. Capital World Investors’ holdings in National Storage Affiliates Trust were worth $73,604,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Versant Capital Management Inc lifted its position in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 514 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in National Storage Affiliates Trust by 48.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 710 shares in the last quarter. KBC Group NV raised its stake in shares of National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 1,869 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 50.8% in the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $210,000. Institutional investors own 99.97% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on NSA shares. Robert W. Baird dropped their price target on shares of 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. Wells Fargo & Company dropped their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Mizuho initiated coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 target price for the company. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Barclays lowered their target price 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus price target of $41.28.

Insider Buying and Selling

In related news, Director Michael J. Schall purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This represents a 200.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 13.70% of the stock is currently owned by insiders.

National Storage Affiliates Trust Price Performance

NYSE NSA opened at $35.38 on Tuesday. The company has a market cap of $2.70 billion, a PE ratio of 20.69 and a beta of 1.04. 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’s 50-day simple moving average is $37.21 and its two-hundred day simple moving average is $39.51. National Storage Affiliates Trust has a 52 week low of $30.88 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data 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. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. Research analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.44%. National Storage Affiliates Trust’s payout ratio is 200.00%.

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.