Aster Capital Management DIFC Ltd Makes New Investment in National Storage Affiliates Trust (NYSE:NSA)

Aster Capital Management DIFC Ltd bought a new position in shares of National Storage Affiliates Trust (NYSE:NSA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,724 shares of the real estate investment trust’s stock, valued at approximately $444,000.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its holdings in shares of National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares in the last quarter. Venturi Wealth Management LLC lifted its position in National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 710 shares during the period. KBC Group NV grew its stake in National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,869 shares in the last quarter. Virtu Financial LLC bought a new position in National Storage Affiliates Trust in the 4th quarter valued at about $210,000. Finally, Johnson & White Wealth Management LLC acquired a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at approximately $228,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $35.13 on Monday. The business’s 50-day moving average price is $37.93 and its 200-day moving average price is $40.63. National Storage Affiliates Trust has a 12 month low of $34.59 and a 12 month high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 20.54 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $185.37 million. Equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given 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 6.49%. National Storage Affiliates Trust’s payout ratio is 200.00%.

Wall Street Analyst Weigh In

NSA has been the topic of several analyst reports. 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 stock from $40.00 to $38.00 in a research report on Friday, January 10th. Barclays reduced their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Robert W. Baird lowered their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company reduced 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. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Hold” and an average target price of $42.06.

Insider Buying and Selling

In related news, Director Michael J. Schall purchased 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.