National Storage Affiliates Trust (NYSE:NSA) Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. grew its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 90,880 shares of the real estate investment trust’s stock after purchasing an additional 4,650 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.12% of National Storage Affiliates Trust worth $3,445,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its stake in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 514 shares in the last quarter. Venturi Wealth Management LLC increased 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 in the last quarter. KBC Group NV lifted its holdings in shares of National Storage Affiliates Trust by 94.3% in the 4th 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 last quarter. Virtu Financial LLC acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $210,000. Finally, Johnson & White Wealth Management LLC purchased a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $228,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NSA shares. Barclays decreased 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 report on Wednesday, March 12th. Wells Fargo & Company decreased their price target 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. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, 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 for the company in a research note on Thursday, March 13th. Two equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $42.06.

Insider Buying and Selling at National Storage Affiliates Trust

In related news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 13.00% of the stock is owned by corporate insiders.

National Storage Affiliates Trust Stock Down 1.1 %

Shares of NYSE:NSA opened at $38.98 on Wednesday. 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 quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm’s 50-day simple moving average is $37.88 and its 200-day simple moving average is $40.87. The company has a market cap of $2.98 billion, a price-to-earnings ratio of 22.80 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data 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. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. As a group, equities research 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 disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 5.85%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 200.00%.

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.