State Street Discloses 10.7% Stake in National Storage Affiliates Trust
Ticker: NSA-PB · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1618563
| Field | Detail |
|---|---|
| Company | National Storage Affiliates Trust (NSA-PB) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: institutional-ownership, amended-filing, real-estate, passive-investment
TL;DR
**State Street owns 10.7% of National Storage Affiliates Trust, a big institutional vote of confidence.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, disclosing its ownership in National Storage Affiliates Trust (NYSE: NSA). As of December 31, 2023, State Street reported beneficial ownership of 10,030,767 shares, representing 10.7% of the REIT's common stock. This filing indicates a significant, but passive, institutional stake in NSA, which could be seen as a vote of confidence for current and prospective shareholders.
Why It Matters
This filing shows a large institutional investor, State Street Corporation, holds a significant portion of National Storage Affiliates Trust, which can signal stability and institutional interest to other investors.
Risk Assessment
Risk Level: low — This filing indicates a passive ownership stake by a large institution, which generally reduces volatility and provides a level of stability.
Analyst Insight
A smart investor would view State Street's significant, passive stake as a positive signal of institutional confidence in National Storage Affiliates Trust, potentially indicating long-term stability for the stock.
Key Numbers
- 10,030,767 — Shares Beneficially Owned (Represents the total shares of National Storage Affiliates Trust held by State Street Corporation as of December 31, 2023.)
- 10.7% — Percentage of Class (Indicates the significant portion of National Storage Affiliates Trust's common stock owned by State Street Corporation.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and beneficial owner of shares
- National Storage Affiliates Trust (company) — the issuer of the securities
- 10,030,767 (dollar_amount) — number of shares beneficially owned by State Street Corporation
- 10.7% (dollar_amount) — percentage of class beneficially owned by State Street Corporation
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- State Street Corporation will maintain its significant, passive stake in National Storage Affiliates Trust. (State Street Corporation) — high confidence, target: Next 12 months
- National Storage Affiliates Trust's stock price will experience continued stability due to institutional backing. (National Storage Affiliates Trust) — medium confidence, target: Next 6 months
FAQ
Who filed this SC 13G/A amendment?
State Street Corporation filed this SC 13G/A amendment, as indicated by the 'FILED BY' section and 'NAME OF REPORTING PERSON' on page 2 of the filing.
What company's shares are the subject of this filing?
The subject company is National Storage Affiliates Trust, as stated under 'SUBJECT COMPANY' and 'NAME OF ISSUER' in the filing.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified on the cover page of the filing.
How many shares of National Storage Affiliates Trust does State Street Corporation beneficially own?
State Street Corporation beneficially owns 10,030,767 shares of National Storage Affiliates Trust, as reported on page 2 of 5, item 9 of the filing.
What percentage of National Storage Affiliates Trust's common stock does State Street Corporation own?
State Street Corporation owns 10.7% of the class of securities of National Storage Affiliates Trust, as stated on page 2 of 5, item 13 of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding National Storage Affiliates Trust (NSA-PB).