Dynamic Technology Lab Private Ltd Takes Position in National Storage Affiliates Trust (NYSE:NSA)

Dynamic Technology Lab Private Ltd bought a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,710 shares of the real estate investment trust’s stock, valued at approximately $368,000.

Several other large investors have also recently made changes to their positions in NSA. Integrated Wealth Concepts LLC increased its position in shares of National Storage Affiliates Trust by 19.7% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,583 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 1,082 shares during the last quarter. Geode Capital Management LLC increased its position in shares of National Storage Affiliates Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust’s stock valued at $64,277,000 after purchasing an additional 4,897 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of National Storage Affiliates Trust by 48.1% during the 3rd quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust’s stock worth $5,769,000 after acquiring an additional 42,241 shares during the period. JPMorgan Chase & Co. grew its stake in shares of National Storage Affiliates Trust by 15.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust’s stock worth $15,389,000 after acquiring an additional 42,508 shares during the period. Finally, Versant Capital Management Inc grew its stake in shares of National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on NSA shares. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note 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 for the company in a research note on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday. They set a “neutral” rating and a $35.00 price target for the company. Finally, Robert W. Baird cut their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.28.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $34.75 on Thursday. The business’s 50-day moving average price is $37.54 and its two-hundred day moving average price is $40.22. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The stock has a market cap of $2.66 billion, a P/E ratio of 20.32 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.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $190.12 million for the quarter, compared to analysts’ expectations of $185.37 million. As a group, equities analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.56%. National Storage Affiliates Trust’s payout ratio is currently 200.00%.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Michael J. Schall acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust 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.