Janus Henderson Group PLC increased its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 21.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 534,183 shares of the real estate investment trust's stock after buying an additional 94,117 shares during the quarter. Janus Henderson Group PLC owned 0.70% of National Storage Affiliates Trust worth $20,252,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in NSA. BluePath Capital Management LLC lifted its stake in National Storage Affiliates Trust by 23.8% during the 4th quarter. BluePath Capital Management LLC now owns 18,789 shares of the real estate investment trust's stock valued at $682,000 after acquiring an additional 3,608 shares during the period. Wedge Capital Management L L P NC boosted its position in shares of National Storage Affiliates Trust by 11.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 189,371 shares of the real estate investment trust's stock valued at $7,179,000 after acquiring an additional 19,229 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of National Storage Affiliates Trust by 1,354.0% during the 4th quarter. SG Americas Securities LLC now owns 85,784 shares of the real estate investment trust's stock valued at $3,252,000 after acquiring an additional 79,884 shares during the last quarter. KBC Group NV lifted its position in shares of National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after purchasing an additional 1,869 shares during the last quarter. Finally, abrdn plc lifted its position in shares of National Storage Affiliates Trust by 30.6% during the fourth quarter. abrdn plc now owns 17,831 shares of the real estate investment trust's stock worth $666,000 after purchasing an additional 4,180 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.
National Storage Affiliates Trust Stock Down 4.2%
Shares of National Storage Affiliates Trust stock traded down $1.55 during trading on Wednesday, hitting $35.06. 160,201 shares of the stock traded hands, compared to its average volume of 670,469. The firm has a market cap of $2.68 billion, a P/E ratio of 20.49 and a beta of 1.20. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 52-week low of $30.88 and a 52-week high of $49.44. The stock's fifty day simple moving average is $36.49 and its 200 day simple moving average is $38.48.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $188.35 million for the quarter, compared to analysts' expectations of $184.65 million. During the same quarter in the prior year, the business posted $0.60 EPS. The business's quarterly revenue was down 4.0% on a year-over-year basis. On average, equities analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.
National Storage Affiliates Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be paid a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 annualized dividend and a yield of 6.50%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 386.44%.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price 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. Robert W. Baird decreased their target price 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. Barclays decreased their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. Mizuho assumed coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 target price for the company. Finally, Truist Financial decreased their target price on National Storage Affiliates Trust from $39.00 to $37.00 and set a "hold" rating for the company in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $40.83.
Check Out Our Latest Stock Report on NSA
Insider Buying and Selling at National Storage Affiliates Trust
In related news, Director Michael J. Schall bought 4,000 shares of the business's stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $38.54 per share, for a total transaction 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 approximately $231,240. This trade represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 13.70% of the stock is owned by insiders.
National Storage Affiliates Trust Company Profile
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Free Report)
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.
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