National Storage Affiliates Trust (NYSE:NSA) Stock Position Raised by Sei Investments Co.

Sei Investments Co. raised its stake in National Storage Affiliates Trust (NYSE:NSA) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 394,158 shares of the real estate investment trust’s stock after acquiring an additional 29,063 shares during the period. Sei Investments Co. owned 0.52% of National Storage Affiliates Trust worth $14,943,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. SPC Financial Inc. boosted its position in National Storage Affiliates Trust by 4.6% during the 4th 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 period. Retirement Systems of Alabama lifted its stake in National Storage Affiliates Trust by 0.5% in the fourth 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 boosted its holdings in shares of National Storage Affiliates Trust by 2.1% during the fourth quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust’s stock valued at $794,000 after acquiring an additional 437 shares during the period. 1620 Investment Advisors Inc. grew its position in shares of National Storage Affiliates Trust by 3.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 475 shares during the last quarter. Finally, Xponance Inc. grew its position in shares of 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 last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Up 1.2 %

Shares of NSA stock opened at $38.73 on Friday. National Storage Affiliates Trust has a 1 year low of $34.59 and a 1 year high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The business’s fifty day moving average is $37.78 and its 200-day moving average is $41.07. The stock has a market cap of $2.96 billion, a PE ratio of 22.65 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (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 firm had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. Equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced 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. This represents a $2.28 annualized dividend and a yield of 5.89%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on NSA. Robert W. Baird reduced their target price on shares of 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. Wells Fargo & Company reduced their price objective on 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. Barclays lowered their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.06.

Insider Buying and Selling

In related news, Director Michael J. Schall bought 4,000 shares of National Storage Affiliates Trust stock in a transaction dated 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 completion of the acquisition, the director now directly owns 6,000 shares in the company, 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 currently owned by insiders.

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.