National Storage Affiliates Trust (NYSE:NSA) Stake Raised by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP grew its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 16.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 28,046 shares of the real estate investment trust’s stock after purchasing an additional 3,868 shares during the period. Brevan Howard Capital Management LP’s holdings in National Storage Affiliates Trust were worth $1,063,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Versant Capital Management Inc grew its position in National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 514 shares during the last quarter. Quarry LP grew its holdings in shares of National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 756 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 710 shares during the last quarter. KBC Group NV raised its position in shares of 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 purchasing an additional 1,869 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 50.8% during the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust’s stock valued at $156,000 after purchasing an additional 1,388 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on NSA. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Mizuho began coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 price objective on the stock. Wells Fargo & Company reduced their target price 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. Robert W. Baird lowered their price target 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.28.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $36.06 on Thursday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The business’s 50-day moving average price is $36.88 and its two-hundred day moving average price is $38.93. The company has a market capitalization of $2.76 billion, a P/E ratio of 21.09 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 anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 200.00%.

Insiders Place Their Bets

In other news, Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.70% of the company’s stock.

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.