Fox Run Management L.L.C. Purchases 2,098 Shares of National Storage Affiliates Trust (NYSE:NSA)

Fox Run Management L.L.C. grew its holdings in National Storage Affiliates Trust (NYSE:NSA) by 42.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,018 shares of the real estate investment trust’s stock after acquiring an additional 2,098 shares during the quarter. Fox Run Management L.L.C.’s holdings in National Storage Affiliates Trust were worth $266,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NSA. Fisher Asset Management LLC boosted its holdings in National Storage Affiliates Trust by 6.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 616 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $795,000. Charles Schwab Investment Management Inc. grew 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 buying an additional 23,366 shares in the last quarter. Oppenheimer Asset Management Inc. increased its stake in National Storage Affiliates Trust by 9.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock worth $3,406,000 after acquiring an additional 7,655 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in National Storage Affiliates Trust by 43.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,769 shares of the real estate investment trust’s stock valued at $1,432,000 after acquiring an additional 11,405 shares in the last quarter. 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 acquired 4,000 shares of the stock in a transaction dated Thursday, March 6th. The stock was bought at an average price of $38.54 per share, with a total value 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 $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Trading Up 0.6 %

NSA opened at $38.33 on Friday. The company’s 50 day moving average is $37.74 and its 200-day moving average is $41.13. The company has a market cap of $2.93 billion, a P/E ratio of 22.41 and a beta of 1.07. National Storage Affiliates Trust has a 1-year low of $34.59 and a 1-year high of $49.44. 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 (NYSE:NSA) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Equities research 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 company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 5.95%. National Storage Affiliates Trust’s payout ratio is presently 200.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. 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 on the stock in a report on Friday, February 21st. Barclays cut their price target on shares of 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. Finally, Robert W. Baird reduced their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust has an average rating of “Hold” and a consensus target price of $42.06.

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.