Landscape Capital Management L.L.C. Buys Shares of 24,181 National Storage Affiliates Trust (NYSE:NSA)

Landscape Capital Management L.L.C. purchased a new position in shares of National Storage Affiliates Trust (NYSE:NSA) in the fourth quarter, HoldingsChannel reports. The firm purchased 24,181 shares of the real estate investment trust’s stock, valued at approximately $917,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NSA. Jacobs Levy Equity Management Inc. acquired a new position in National Storage Affiliates Trust in the third quarter valued at about $1,367,000. Integrated Wealth Concepts LLC lifted its holdings in shares of National Storage Affiliates Trust by 19.7% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 6,583 shares of the real estate investment trust’s stock worth $317,000 after acquiring an additional 1,082 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of National Storage Affiliates Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust’s stock worth $64,277,000 after purchasing an additional 4,897 shares during the period. Franklin Resources Inc. increased its holdings in National Storage Affiliates Trust by 48.1% in the 3rd quarter. Franklin Resources Inc. now owns 130,051 shares of the real estate investment trust’s stock valued at $5,769,000 after purchasing an additional 42,241 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in National Storage Affiliates Trust by 15.4% in the third quarter. JPMorgan Chase & Co. now owns 319,277 shares of the real estate investment trust’s stock valued at $15,389,000 after purchasing an additional 42,508 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Down 6.2 %

NSA stock opened at $35.13 on Friday. The company’s 50 day moving average price is $37.93 and its 200 day moving average price is $40.69. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 20.54 and a beta of 1.04. 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 quick ratio of 0.72 and a current ratio of 0.72.

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. The company had revenue of $190.12 million for 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, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.49%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 200.00%.

Insiders Place Their Bets

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were acquired at an average price of $38.54 per share, with a total value of $154,160.00. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Barclays dropped 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 note on Wednesday, March 12th. Robert W. Baird dropped their target price 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, March 13th. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus 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.