WINTON GROUP Ltd Purchases New Shares in National Storage Affiliates Trust (NYSE:NSA)

WINTON GROUP Ltd acquired a new position in National Storage Affiliates Trust (NYSE:NSA) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 133,346 shares of the real estate investment trust’s stock, valued at approximately $5,055,000. WINTON GROUP Ltd owned approximately 0.17% of National Storage Affiliates Trust at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock valued at $80,214,000 after purchasing an additional 358,449 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of National Storage Affiliates Trust in the fourth quarter worth $13,354,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in National Storage Affiliates Trust by 385.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock valued at $20,300,000 after acquiring an additional 334,445 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in National Storage Affiliates Trust by 39.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock valued at $42,110,000 after acquiring an additional 315,474 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in National Storage Affiliates Trust by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust’s stock valued at $369,979,000 after acquiring an additional 80,923 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The shares were bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now owns 6,000 shares of the company’s stock, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NSA. Robert W. Baird cut their target price on shares of 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. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Barclays decreased their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 12th. Finally, Wells Fargo & Company lowered their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.06.

National Storage Affiliates Trust Stock Up 1.3 %

NYSE:NSA opened at $38.11 on Thursday. 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 stock has a 50 day moving average of $37.71 and a 200-day moving average of $41.15. The firm has a market capitalization of $2.91 billion, a PE ratio of 22.29 and a beta of 1.07. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating 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 business had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. Analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.98%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

National Storage Affiliates Trust 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.