B. Metzler seel. Sohn & Co. AG Has $4.04 Million Stake in National Storage Affiliates Trust (NYSE:NSA)

B. Metzler seel. Sohn & Co. AG reduced its holdings in National Storage Affiliates Trust (NYSE:NSA) by 5.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 106,460 shares of the real estate investment trust’s stock after selling 5,704 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in National Storage Affiliates Trust were worth $4,036,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at about $26,737,000. FMR LLC grew its stake in National Storage Affiliates Trust by 27.5% in the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock valued at $80,214,000 after purchasing an additional 358,449 shares in the last quarter. Raymond James Financial Inc. bought a new position in National Storage Affiliates Trust in the fourth quarter valued at approximately $13,354,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of National Storage Affiliates Trust by 385.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock worth $20,300,000 after purchasing an additional 334,445 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 39.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock worth $42,110,000 after purchasing an additional 315,474 shares in the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Trading Up 1.9 %

Shares of NSA stock opened at $39.44 on Tuesday. National Storage Affiliates Trust has a 12-month low of $34.59 and a 12-month high of $49.44. The company has a market capitalization of $3.01 billion, a PE ratio of 23.07 and a beta of 1.07. The firm has a 50 day moving average price of $37.84 and a two-hundred day moving average price of $40.93. 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 released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. As a group, analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were paid a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 5.78%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analysts Forecast Growth

NSA has been the subject of several analyst reports. Wells Fargo & Company decreased their target price on shares of 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. 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 on the stock in a research note on Thursday, March 13th. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $42.06.

Insider Buying and Selling

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 13.00% of the stock is owned by insiders.

National Storage Affiliates Trust Company 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.