APG Asset Management US Inc. Boosts Position in National Storage Affiliates Trust (NYSE:NSA)

APG Asset Management US Inc. increased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 14.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 402,093 shares of the real estate investment trust’s stock after purchasing an additional 52,093 shares during the quarter. APG Asset Management US Inc.’s holdings in National Storage Affiliates Trust were worth $15,243,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SPC Financial Inc. lifted its holdings in shares of National Storage Affiliates Trust by 4.6% in the fourth quarter. SPC Financial Inc. now owns 6,800 shares of the real estate investment trust’s stock valued at $258,000 after purchasing an additional 300 shares in the last quarter. Retirement Systems of Alabama lifted its stake in National Storage Affiliates Trust by 0.5% in the 4th quarter. Retirement Systems of Alabama now owns 85,289 shares of the real estate investment trust’s stock valued at $3,233,000 after buying an additional 412 shares in the last quarter. Arizona State Retirement System grew its holdings in National Storage Affiliates Trust by 2.1% during the 4th quarter. Arizona State Retirement System now owns 20,944 shares of the real estate investment trust’s stock valued at $794,000 after buying an additional 437 shares during the last quarter. 1620 Investment Advisors Inc. increased its position in National Storage Affiliates Trust by 3.5% during the fourth quarter. 1620 Investment Advisors Inc. now owns 13,904 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 475 shares in the last quarter. Finally, Xponance Inc. raised its holdings in shares of National Storage Affiliates Trust by 6.3% in the fourth quarter. Xponance Inc. now owns 8,051 shares of the real estate investment trust’s stock worth $305,000 after acquiring an additional 475 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $32.42 on Wednesday. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 18.96 and a beta of 1.04. National Storage Affiliates Trust has a one year low of $32.17 and a one year high of $49.44. The company’s 50-day simple moving average is $37.64 and its 200-day simple moving average is $40.36. 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 issued its quarterly 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. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 7.03%. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NSA. Wells Fargo & Company dropped their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Barclays lowered their target price 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. Robert W. Baird cut 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 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 dropped their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus price target 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 business’s stock in a transaction that occurred on 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 acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 13.00% of the stock is currently owned by insiders.

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.