Versor Investments LP Raises Position in National Storage Affiliates Trust (NYSE:NSA)

Versor Investments LP raised its position in National Storage Affiliates Trust (NYSE:NSA) by 73.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,000 shares of the real estate investment trust’s stock after buying an additional 3,400 shares during the period. Versor Investments LP’s holdings in National Storage Affiliates Trust were worth $303,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at approximately $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of National Storage Affiliates Trust during the third quarter worth $29,000. Versant Capital Management Inc raised its position in shares of 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 last quarter. Venturi Wealth Management LLC lifted its stake in shares of National Storage Affiliates Trust by 514.8% in the third quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 1,215 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in National Storage Affiliates Trust by 29.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,764 shares of the real estate investment trust’s stock worth $131,000 after acquiring an additional 626 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $38.54 on Tuesday. 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 52-week low of $34.58 and a 52-week high of $49.44. The firm has a market cap of $2.94 billion, a PE ratio of 22.54 and a beta of 1.03. The company’s 50 day moving average is $37.44 and its two-hundred day moving average is $41.99.

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

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.92%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is presently 200.00%.

Analyst Upgrades and Downgrades

A number of analysts have commented on NSA shares. Barclays cut their price objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Robert W. Baird increased their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and an average target price of $42.56.

National Storage Affiliates Trust Company 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.