Heartland Advisors Inc. Acquires 168,825 Shares of National Storage Affiliates Trust (NYSE:NSA)

Heartland Advisors Inc. boosted its stake in National Storage Affiliates Trust (NYSE:NSAFree Report) by 55.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 475,850 shares of the real estate investment trust’s stock after acquiring an additional 168,825 shares during the period. National Storage Affiliates Trust accounts for approximately 1.0% of Heartland Advisors Inc.’s holdings, making the stock its 21st biggest holding. Heartland Advisors Inc.’s holdings in National Storage Affiliates Trust were worth $19,734,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Whittier Trust Co. boosted its stake in shares of National Storage Affiliates Trust by 3,949.9% during the 4th quarter. Whittier Trust Co. now owns 126,721 shares of the real estate investment trust’s stock valued at $5,255,000 after purchasing an additional 123,592 shares in the last quarter. Ranger Global Real Estate Advisors LLC purchased a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $3,791,000. Vaughan Nelson Investment Management L.P. raised its position in shares of National Storage Affiliates Trust by 8.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,339,319 shares of the real estate investment trust’s stock worth $42,510,000 after acquiring an additional 106,395 shares in the last quarter. Callodine Capital Management LP lifted its stake in shares of National Storage Affiliates Trust by 42.6% in the 3rd quarter. Callodine Capital Management LP now owns 228,239 shares of the real estate investment trust’s stock valued at $7,244,000 after purchasing an additional 68,239 shares during the period. Finally, Allstate Corp boosted its position in shares of National Storage Affiliates Trust by 455.8% during the third quarter. Allstate Corp now owns 82,576 shares of the real estate investment trust’s stock valued at $2,621,000 after purchasing an additional 67,720 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on NSA shares. Deutsche Bank Aktiengesellschaft began coverage on National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price objective for the company. Barclays initiated coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 target price on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Hold” and an average target price of $36.44.

Get Our Latest Analysis on National Storage Affiliates Trust

National Storage Affiliates Trust Stock Up 1.0 %

National Storage Affiliates Trust stock traded up $0.38 during trading hours on Tuesday, hitting $37.19. The stock had a trading volume of 445,337 shares, compared to its average volume of 776,707. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $2.79 billion, a P/E ratio of 19.47 and a beta of 0.87. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $42.54. The stock’s 50-day moving average price is $36.91 and its 200-day moving average price is $36.57.

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

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.56 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.02%. National Storage Affiliates Trust’s dividend payout ratio is presently 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.

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

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