New Age Alpha Advisors LLC Invests $1.45 Million in National Storage Affiliates Trust (NYSE:NSA)

New Age Alpha Advisors LLC acquired a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 38,221 shares of the real estate investment trust’s stock, valued at approximately $1,449,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NSA. Versant Capital Management Inc boosted its holdings 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 purchasing an additional 514 shares during the period. Venturi Wealth Management LLC boosted its stake 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 buying an additional 710 shares during the period. KBC Group NV grew its position 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 worth $146,000 after buying an additional 1,869 shares in the last quarter. Virtu Financial LLC bought a new position in National Storage Affiliates Trust in the 4th quarter worth about $210,000. Finally, Johnson & White Wealth Management LLC purchased a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $228,000. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $38.73 on Monday. 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 has a one year low of $34.59 and a one year high of $49.44. The business’s 50 day simple moving average is $37.78 and its two-hundred day simple moving average is $40.99. The stock has a market capitalization of $2.96 billion, a P/E ratio of 22.65 and a beta of 1.07.

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 company 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%. Analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.89%. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. This trade represents a 200.00 % increase in their position. 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 owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of 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 report on Friday, January 10th. Wells Fargo & Company reduced their target price on 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. Robert W. Baird reduced their price objective on 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. Finally, Barclays dropped their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 12th. Two 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 company. According to data from MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and a consensus price target of $42.06.

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.