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

Versor Investments LP grew its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 73.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wealth Enhancement Advisory Services LLC boosted its holdings in National Storage Affiliates Trust by 3.3% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 8,009 shares of the real estate investment trust’s stock valued at $386,000 after purchasing an additional 257 shares in the last quarter. US Bancorp DE lifted its position in shares of National Storage Affiliates Trust by 13.3% during the 3rd quarter. US Bancorp DE now owns 3,073 shares of the real estate investment trust’s stock worth $148,000 after buying an additional 360 shares during the last quarter. Retirement Systems of Alabama boosted its holdings in shares of 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. Versant Capital Management Inc boosted its holdings in shares of National Storage Affiliates Trust by 233.6% in the 4th 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 in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at $25,000. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $38.54 on Tuesday. The firm has a market cap of $2.94 billion, a P/E ratio of 22.54 and a beta of 1.03. National Storage Affiliates Trust has a 52-week low of $34.58 and a 52-week high of $49.44. The business’s 50-day moving average price is $37.44 and its 200 day moving average price is $41.99. 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 posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping 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 company had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. On average, equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on NSA shares. Wells Fargo & Company reduced their price target on shares of 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 reduced their target price on 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Robert W. Baird boosted their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $42.56.

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.