Nomura Asset Management Co. Ltd. Grows Stake in National Storage Affiliates Trust (NYSE:NSA)

Nomura Asset Management Co. Ltd. boosted its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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.’s holdings in National Storage Affiliates Trust were worth $3,445,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of National Storage Affiliates Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust’s stock worth $369,979,000 after buying an additional 80,923 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of National Storage Affiliates Trust by 0.4% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust’s stock valued at $96,600,000 after purchasing an additional 10,783 shares in the last quarter. FMR LLC grew its position in shares of 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 during the last quarter. Geode Capital Management LLC grew its position in shares of National Storage Affiliates Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust’s stock valued at $64,277,000 after purchasing an additional 4,897 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased 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. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analysts Set New Price Targets

NSA has been the topic of a number of analyst reports. Wells Fargo & Company lowered their target price on 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 decreased their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird cut 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of 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 note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.06.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, for a total transaction 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. The trade was a 200.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.00% of the stock is owned by insiders.

National Storage Affiliates Trust Stock Down 1.1 %

NSA opened at $38.98 on Wednesday. National Storage Affiliates Trust has a 12 month low of $34.59 and a 12 month high of $49.44. The business has a 50-day moving average of $37.88 and a two-hundred day moving average of $40.87. 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 $2.98 billion, a price-to-earnings ratio of 22.80 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.85%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 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.