National Storage Affiliates Trust (NYSE:NSA) Shares Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 39.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,228 shares of the real estate investment trust’s stock after buying an additional 10,805 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.05% of National Storage Affiliates Trust worth $1,449,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in National Storage Affiliates Trust by 0.4% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust’s stock worth $96,600,000 after acquiring an additional 10,783 shares during the period. FMR LLC raised its stake in shares of National Storage Affiliates Trust by 27.5% during 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 in the last quarter. Geode Capital Management LLC lifted its holdings in 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 worth $64,277,000 after purchasing an additional 4,897 shares during the period. TimesSquare Capital Management LLC grew its position in National Storage Affiliates Trust by 39.7% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock valued at $42,110,000 after buying an additional 315,474 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in National Storage Affiliates Trust by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust’s stock valued at $38,381,000 after buying an additional 23,366 shares during the period. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Trading Down 2.7 %

NYSE:NSA opened at $37.71 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 1-year low of $34.59 and a 1-year high of $49.44. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 22.05 and a beta of 1.07. The stock has a fifty day simple moving average of $37.67 and a 200 day simple moving average of $41.17.

National Storage Affiliates Trust (NYSE:NSA) last posted 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 company had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. Sell-side analysts forecast 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.05%. National Storage Affiliates Trust’s payout ratio is currently 200.00%.

Analyst Ratings Changes

NSA has been the subject of a number of research analyst reports. 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 note on Friday, January 10th. Robert W. Baird lowered their price target on 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. Barclays cut 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. Finally, 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. 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 stock. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Hold” and an average price target of $42.06.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.00% of the stock is currently owned by insiders.

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.