Nissay Asset Management Corp Japan ADV Buys 398 Shares of National Storage Affiliates Trust (NYSE:NSA)

Nissay Asset Management Corp Japan ADV boosted its stake in National Storage Affiliates Trust (NYSE:NSA) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,211 shares of the real estate investment trust’s stock after acquiring an additional 398 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in National Storage Affiliates Trust were worth $385,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Nomura Holdings Inc. bought a new stake in National Storage Affiliates Trust in the fourth quarter valued at approximately $353,000. Nuveen Asset Management LLC boosted its holdings in National Storage Affiliates Trust by 0.7% in the fourth quarter. Nuveen Asset Management LLC now owns 618,924 shares of the real estate investment trust’s stock valued at $23,463,000 after acquiring an additional 4,363 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in National Storage Affiliates Trust by 64.4% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 46,638 shares of the real estate investment trust’s stock valued at $1,768,000 after acquiring an additional 18,277 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in National Storage Affiliates Trust by 21.4% in the fourth quarter. Janus Henderson Group PLC now owns 534,183 shares of the real estate investment trust’s stock valued at $20,252,000 after acquiring an additional 94,117 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its holdings in National Storage Affiliates Trust by 54.6% in the fourth quarter. Graham Capital Management L.P. now owns 8,558 shares of the real estate investment trust’s stock valued at $324,000 after acquiring an additional 3,021 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on NSA shares. 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 report on Friday, February 21st. Barclays dropped 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. Robert W. Baird dropped their price target 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. Finally, Mizuho assumed coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and an average target price of $41.28.

Insider Activity at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The stock was acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the transaction, the director now owns 6,000 shares of the company’s stock, valued at $231,240. This represents a 200.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.70% of the stock is currently owned by insiders.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $36.71 on Monday. 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 has a twelve month low of $30.88 and a twelve month high of $49.44. The stock’s 50 day moving average is $36.49 and its 200-day moving average is $38.53. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of 21.47 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. During the same period in the previous year, the company earned $0.60 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 4.0% compared to the same quarter last year. Sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend is Friday, June 13th. National Storage Affiliates Trust’s payout ratio is currently 386.44%.

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.