Voya Investment Management LLC Purchases 85,969 Shares of National Storage Affiliates Trust (NYSE:NSA)

Voya Investment Management LLC increased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 88.9% during the 4th quarter, HoldingsChannel reports. The fund owned 182,689 shares of the real estate investment trust’s stock after purchasing an additional 85,969 shares during the quarter. Voya Investment Management LLC’s holdings in National Storage Affiliates Trust were worth $6,926,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Franklin Resources Inc. lifted its position in National Storage Affiliates Trust by 48.1% during 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 period. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 42,508 shares during the period. Versant Capital Management Inc lifted its holdings in National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 514 shares during the period. Harbor Capital Advisors Inc. boosted its stake in National Storage Affiliates Trust by 18.8% in the fourth quarter. Harbor Capital Advisors Inc. now owns 54,854 shares of the real estate investment trust’s stock valued at $2,080,000 after acquiring an additional 8,662 shares during the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new stake in National Storage Affiliates Trust during the 4th quarter worth $228,000. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 0.3 %

Shares of NYSE:NSA opened at $36.29 on Wednesday. The firm has a market cap of $2.77 billion, a price-to-earnings ratio of 21.22 and a beta of 1.04. National Storage Affiliates Trust has a 12 month low of $30.88 and a 12 month high of $49.44. The company’s fifty day simple moving average is $37.05 and its 200 day simple moving average is $39.21. 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 (NYSE:NSA) last issued its quarterly earnings results 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 analyst estimates of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. As a group, research analysts forecast 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. Stockholders of record on Friday, March 14th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.28%. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Robert W. Baird cut 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 note on Thursday, March 13th. Mizuho started coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 target price on the stock. Barclays lowered their price target 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. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered their target price 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, National Storage Affiliates Trust currently has an average rating of “Hold” and an average price target of $41.28.

Insider Activity

In related news, Director Michael J. Schall bought 4,000 shares of the 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 completion of the transaction, the director now owns 6,000 shares in the company, valued at $231,240. The trade was a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 13.70% of the stock is owned by corporate 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.