Norges Bank Acquires Shares of 881,760 National Storage Affiliates Trust (NYSE:NSA)

Norges Bank purchased a new position in shares of National Storage Affiliates Trust (NYSE:NSAFree Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 881,760 shares of the real estate investment trust’s stock, valued at approximately $36,567,000. Norges Bank owned 1.06% of National Storage Affiliates Trust as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Heartland Advisors Inc. raised its holdings in shares of National Storage Affiliates Trust by 55.0% during the 4th quarter. Heartland Advisors Inc. now owns 475,850 shares of the real estate investment trust’s stock worth $19,734,000 after acquiring an additional 168,825 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of National Storage Affiliates Trust by 0.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,266,956 shares of the real estate investment trust’s stock worth $52,541,000 after acquiring an additional 7,096 shares during the period. Jump Financial LLC raised its holdings in shares of National Storage Affiliates Trust by 21.6% during the 4th quarter. Jump Financial LLC now owns 20,400 shares of the real estate investment trust’s stock worth $846,000 after acquiring an additional 3,627 shares during the period. Johnson Investment Counsel Inc. raised its holdings in shares of National Storage Affiliates Trust by 10.6% during the 4th quarter. Johnson Investment Counsel Inc. now owns 16,073 shares of the real estate investment trust’s stock worth $667,000 after acquiring an additional 1,534 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of National Storage Affiliates Trust by 310.9% during the 4th quarter. BNP Paribas Financial Markets now owns 45,930 shares of the real estate investment trust’s stock worth $1,905,000 after acquiring an additional 34,751 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barclays started coverage on National Storage Affiliates Trust in a report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average price target of $36.44.

Check Out Our Latest Stock Report on National Storage Affiliates Trust

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $35.54 on Friday. The company has a market cap of $2.66 billion, a P/E ratio of 18.61 and a beta of 0.87. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a 50-day moving average of $36.74 and a two-hundred day moving average of $37.04. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $42.54.

National Storage Affiliates Trust (NYSE:NSAGet Free Report) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. The company had revenue of $196.15 million during the quarter, compared to the consensus estimate of $191.70 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. National Storage Affiliates Trust’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.66 EPS. As a group, analysts anticipate that National Storage Affiliates Trust will post 2.5 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 6.30%. The ex-dividend date is Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

About National Storage Affiliates Trust

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

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