National Storage Affiliates Trust (NYSE:NSA) Shares Purchased by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its stake in National Storage Affiliates Trust (NYSE:NSA) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 106,821 shares of the real estate investment trust’s stock after acquiring an additional 1,123 shares during the period. Baird Financial Group Inc. owned 0.14% of National Storage Affiliates Trust worth $4,050,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in NSA. Balyasny Asset Management L.P. acquired a new stake in National Storage Affiliates Trust in the 4th quarter valued at about $51,081,000. BNP Paribas Financial Markets lifted its stake in National Storage Affiliates Trust by 145.5% during the fourth quarter. BNP Paribas Financial Markets now owns 21,015 shares of the real estate investment trust’s stock valued at $797,000 after purchasing an additional 12,455 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in National Storage Affiliates Trust by 22.3% during the fourth quarter. Aptus Capital Advisors LLC now owns 87,765 shares of the real estate investment trust’s stock worth $3,327,000 after buying an additional 15,995 shares in the last quarter. Jane Street Group LLC boosted its holdings in National Storage Affiliates Trust by 139.5% during the fourth quarter. Jane Street Group LLC now owns 75,838 shares of the real estate investment trust’s stock worth $2,875,000 after buying an additional 44,177 shares in the last quarter. Finally, Freestone Grove Partners LP acquired a new position in National Storage Affiliates Trust in the fourth quarter worth approximately $212,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on NSA. Barclays reduced their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 12th. Robert W. Baird cut their price objective on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Mizuho assumed coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.28.

National Storage Affiliates Trust Price Performance

NSA opened at $36.63 on Friday. The stock has a fifty day moving average price of $36.81 and a 200 day moving average price of $38.80. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of 21.42 and a beta of 1.20.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.60 EPS. Analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were given a $0.57 dividend. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.22%. National Storage Affiliates Trust’s dividend payout ratio is currently 386.44%.

Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now owns 6,000 shares of the company’s stock, valued at $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 13.70% of the stock is currently owned by corporate insiders.

National Storage Affiliates Trust Company 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.