Pictet Asset Management Holding SA Cuts Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Pictet Asset Management Holding SA decreased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,537 shares of the real estate investment trust’s stock after selling 791 shares during the quarter. Pictet Asset Management Holding SA’s holdings in National Storage Affiliates Trust were worth $854,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 514 shares in the last quarter. Venturi Wealth Management LLC increased 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 purchasing an additional 710 shares in the last quarter. KBC Group NV raised its stake in shares of National Storage Affiliates Trust by 94.3% in 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 last quarter. Virtu Financial LLC purchased a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at $210,000. Finally, Johnson & White Wealth Management LLC bought a new stake in National Storage Affiliates Trust in the 4th quarter worth about $228,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $33.53 on Tuesday. The stock’s fifty day moving average is $37.84 and its 200 day moving average is $40.53. National Storage Affiliates Trust has a one year low of $32.50 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The stock has a market cap of $2.56 billion, a P/E ratio of 19.61 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were paid a $0.57 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.80%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price 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 approximately $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 13.00% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on NSA. Barclays lowered their target price on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Wells Fargo & Company dropped their target price 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. 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 company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Robert W. Baird dropped their price target on 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. Two 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 stock. Based on data from MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and an average target price of $42.06.

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.