Wealthfront Advisers LLC Takes Position in National Storage Affiliates Trust (NYSE:NSA)

Wealthfront Advisers LLC bought a new stake in National Storage Affiliates Trust (NYSE:NSA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 29,502 shares of the real estate investment trust’s stock, valued at approximately $1,118,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC increased 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 in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at $795,000. Oppenheimer Asset Management Inc. increased its stake in shares of National Storage Affiliates Trust by 9.3% in the fourth 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. Hancock Whitney Corp increased its stake in shares of National Storage Affiliates Trust by 1,760.2% in the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock valued at $10,035,000 after buying an additional 197,003 shares in the last quarter. Finally, Cerity Partners LLC increased its position in National Storage Affiliates Trust by 35.7% in the third quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust’s stock worth $2,303,000 after purchasing an additional 12,583 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Michael J. Schall bought 4,000 shares of the business’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 purchase, the director now owns 6,000 shares of the company’s stock, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 12.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Barclays lowered their price objective 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. Deutsche Bank Aktiengesellschaft upgraded 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 lowered their price objective 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. Finally, Wells Fargo & Company lowered 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, National Storage Affiliates Trust presently has an average rating of “Hold” and an average target price of $42.06.

National Storage Affiliates Trust Trading Down 0.0 %

NYSE:NSA opened at $36.64 on Friday. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $2.80 billion, a PE ratio of 21.43 and a beta of 1.07. The business’s 50-day simple moving average is $37.48 and its 200-day simple moving average is $41.61.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $185.37 million. Sell-side analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 6.22%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 200.00%.

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.