Blueshift Asset Management LLC Invests $309,000 in National Storage Affiliates Trust (NYSE:NSA)

Blueshift Asset Management LLC purchased a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,145 shares of the real estate investment trust’s stock, valued at approximately $309,000.

Several other large investors have also recently added to or reduced their stakes in the company. SPC Financial Inc. increased its stake in National Storage Affiliates Trust by 4.6% during the fourth quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 300 shares during the last quarter. Retirement Systems of Alabama grew its position in shares of National Storage Affiliates Trust by 0.5% during the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust’s stock valued at $3,233,000 after buying an additional 412 shares during the last quarter. Arizona State Retirement System grew its position in shares of National Storage Affiliates Trust by 2.1% during the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 437 shares during the last quarter. Xponance Inc. raised its stake in National Storage Affiliates Trust by 6.3% during the fourth quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 475 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in National Storage Affiliates Trust by 233.6% in the fourth 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 last quarter. 99.97% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Michael J. Schall bought 4,000 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $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 the SEC website. 13.00% of the stock is owned by corporate insiders.

National Storage Affiliates Trust Trading Down 0.5 %

NYSE:NSA opened at $38.20 on Friday. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 22.34 and a beta of 1.07. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 1 year low of $34.59 and a 1 year high of $49.44. The business has a fifty day moving average of $37.58 and a 200-day moving average of $41.36.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Equities analysts predict 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 will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.97%. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays lowered their price objective 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. Robert W. Baird cut their target price 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, Wells Fargo & Company lowered their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.06.

National Storage Affiliates Trust Company 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.