Resona Asset Management Co. Ltd. Takes $1.05 Million Position in National Storage Affiliates Trust (NYSE:NSA)

Resona Asset Management Co. Ltd. acquired a new position in National Storage Affiliates Trust (NYSE:NSA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 27,922 shares of the real estate investment trust’s stock, valued at approximately $1,053,000.

Other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC lifted its position in shares of National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 616 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in National Storage Affiliates Trust in the 4th quarter worth approximately $795,000. Charles Schwab Investment Management Inc. boosted its stake in shares of National Storage Affiliates Trust by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust’s stock valued at $38,381,000 after buying an additional 23,366 shares during the period. Sei Investments Co. grew its holdings in shares of National Storage Affiliates Trust by 8.0% during the 4th quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust’s stock valued at $14,943,000 after acquiring an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of National Storage Affiliates Trust by 9.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock worth $3,406,000 after acquiring an additional 7,655 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $33.53 on Friday. The company has a market capitalization of $2.56 billion, a PE ratio of 19.61 and a beta of 1.04. 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 $30.88 and a one year high of $49.44. The company’s fifty day moving average price is $37.47 and its 200 day moving average price is $40.12.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. As a group, analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.80%. National Storage Affiliates Trust’s payout ratio is 200.00%.

Insider Buying and Selling

In related news, Director Michael J. Schall purchased 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 13.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms recently issued reports on NSA. Robert W. Baird reduced their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Thursday, March 13th. Mizuho assumed coverage on National Storage Affiliates Trust in a report on Wednesday. They set a “neutral” rating and a $35.00 price target for the company. Barclays dropped their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on shares of 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. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $41.28.

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.