Virtu Financial LLC Acquires Shares of 5,528 National Storage Affiliates Trust (NYSE:NSA)

Virtu Financial LLC bought a new position in National Storage Affiliates Trust (NYSE:NSA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,528 shares of the real estate investment trust’s stock, valued at approximately $210,000.

A number of other large investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P bought a new position in shares of National Storage Affiliates Trust during the third quarter valued at approximately $25,000. Versant Capital Management Inc increased its stake 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 purchasing an additional 514 shares during the period. Venturi Wealth Management LLC lifted its position in shares of National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 710 shares during the last quarter. KBC Group NV boosted its stake 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 valued at $146,000 after purchasing an additional 1,869 shares during the period. Finally, Johnson & White Wealth Management LLC bought a new position in shares of National Storage Affiliates Trust in the fourth quarter worth about $228,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other National Storage Affiliates Trust 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 bought 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 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 filing with the SEC, which is accessible through the SEC website. 13.00% of the stock is currently owned by insiders.

National Storage Affiliates Trust Stock Up 1.2 %

Shares of NSA stock opened at $38.73 on Friday. The stock’s fifty day moving average price is $37.78 and its 200 day moving average price is $41.03. 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 1-year low of $34.59 and a 1-year high of $49.44. The company has a market cap of $2.96 billion, a price-to-earnings 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 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. On average, research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 5.89%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analyst Weigh In

NSA has been the subject of a number of research reports. Wells Fargo & Company lowered their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a 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 for the company in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Robert W. Baird lowered their price objective 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.