Swiss National Bank Grows Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Swiss National Bank increased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 2.1% in the 4th quarter, HoldingsChannel reports. The firm owned 141,979 shares of the real estate investment trust’s stock after acquiring an additional 2,900 shares during the quarter. Swiss National Bank’s holdings in National Storage Affiliates Trust were worth $5,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NSA. Wealthfront Advisers LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter valued at approximately $1,118,000. Johnson Investment Counsel Inc. lifted its stake in shares of National Storage Affiliates Trust by 3.8% in the 4th quarter. Johnson Investment Counsel Inc. now owns 17,511 shares of the real estate investment trust’s stock valued at $664,000 after purchasing an additional 642 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in National Storage Affiliates Trust by 43.3% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,769 shares of the real estate investment trust’s stock worth $1,432,000 after buying an additional 11,405 shares in the last quarter. AlphaQuest LLC grew its position in National Storage Affiliates Trust by 24.4% during the fourth quarter. AlphaQuest LLC now owns 41,016 shares of the real estate investment trust’s stock valued at $1,555,000 after buying an additional 8,045 shares during the period. Finally, Amundi increased its holdings in National Storage Affiliates Trust by 76.7% in the fourth quarter. Amundi now owns 65,569 shares of the real estate investment trust’s stock valued at $2,422,000 after buying an additional 28,451 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael J. Schall acquired 4,000 shares of the business’s stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The transaction 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 corporate insiders.

National Storage Affiliates Trust Trading Up 1.5 %

Shares of NSA opened at $38.71 on Tuesday. National Storage Affiliates Trust has a 52-week low of $34.59 and a 52-week high of $49.44. The stock has a market cap of $2.96 billion, a PE ratio of 22.64 and a beta of 1.07. The firm’s fifty day moving average is $37.63 and its two-hundred day moving average is $41.23. 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 (NYSE:NSA) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for 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%. Research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal 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 given 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 yield of 5.89%. National Storage Affiliates Trust’s payout ratio is 200.00%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NSA shares. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Barclays lowered 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 report on Wednesday, March 12th. Wells Fargo & Company cut 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. Finally, Robert W. Baird decreased 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 report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.06.

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.