Sterling Capital Management LLC Acquires 1,388 Shares of National Storage Affiliates Trust (NYSE:NSA)

Sterling Capital Management LLC boosted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 50.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,119 shares of the real estate investment trust’s stock after purchasing an additional 1,388 shares during the quarter. Sterling Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $156,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NSA. Fisher Asset Management LLC boosted its stake in shares of National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock valued at $384,000 after buying an additional 616 shares during the period. Proficio Capital Partners LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter valued at about $795,000. Charles Schwab Investment Management Inc. lifted its position in National Storage Affiliates Trust by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust’s stock worth $38,381,000 after purchasing an additional 23,366 shares during the period. Sei Investments Co. grew its stake in National Storage Affiliates Trust by 8.0% during the fourth quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust’s stock worth $14,943,000 after buying an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of National Storage Affiliates Trust by 9.3% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock valued at $3,406,000 after buying an additional 7,655 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Barclays lowered their price objective on shares of 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. Wells Fargo & Company lowered 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 note on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Robert W. Baird decreased their target price on shares of 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, Mizuho began coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average target price of $41.28.

National Storage Affiliates Trust Stock Down 3.8 %

National Storage Affiliates Trust stock opened at $35.38 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market capitalization of $2.70 billion, a PE ratio of 20.69 and a beta of 1.04. The firm’s fifty day moving average is $37.21 and its 200 day moving average is $39.51. National Storage Affiliates Trust has a 12-month low of $30.88 and a 12-month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The business had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.44%. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction on 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 transaction, the director now 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 document filed 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 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.