Xponance Inc. Raises Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Xponance Inc. boosted its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 6.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,051 shares of the real estate investment trust’s stock after buying an additional 475 shares during the quarter. Xponance Inc.’s holdings in National Storage Affiliates Trust were worth $305,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its holdings in shares of National Storage Affiliates Trust by 0.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,548,145 shares of the real estate investment trust’s stock worth $96,600,000 after purchasing an additional 10,783 shares during the period. Natixis Advisors LLC lifted its holdings in National Storage Affiliates Trust by 5.8% in the 4th quarter. Natixis Advisors LLC now owns 80,112 shares of the real estate investment trust’s stock worth $3,037,000 after buying an additional 4,388 shares during the period. Swiss National Bank grew its position in shares of National Storage Affiliates Trust by 2.1% in the 4th quarter. Swiss National Bank now owns 141,979 shares of the real estate investment trust’s stock worth $5,382,000 after buying an additional 2,900 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $1,118,000. Finally, Johnson Investment Counsel Inc. raised its holdings in shares of National Storage Affiliates Trust by 3.8% during the fourth quarter. Johnson Investment Counsel Inc. now owns 17,511 shares of the real estate investment trust’s stock valued at $664,000 after acquiring an additional 642 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on NSA. Robert W. Baird reduced their price objective on shares of 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. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price target for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Barclays lowered their price objective 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. Finally, Wells Fargo & Company reduced 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 assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust has an average rating of “Hold” and an average target price of $42.06.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the business’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the director now directly owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.00% of the stock is currently owned by insiders.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $38.33 on Friday. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44. The firm’s 50-day simple moving average is $37.74 and its two-hundred day simple moving average is $41.13. The stock has a market cap of $2.93 billion, a PE ratio of 22.41 and a beta of 1.07. 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 posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 10.35% and a net margin of 20.59%. Analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 200.00%.

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.