Jennison Associates LLC Grows Stock Position in National Storage Affiliates Trust $NSA

Jennison Associates LLC lifted its stake in National Storage Affiliates Trust (NYSE:NSA) by 38.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,485,145 shares of the real estate investment trust’s stock after acquiring an additional 413,173 shares during the quarter. Jennison Associates LLC’s holdings in National Storage Affiliates Trust were worth $47,510,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. GW&K Investment Management LLC lifted its holdings in National Storage Affiliates Trust by 0.6% in the first quarter. GW&K Investment Management LLC now owns 778,132 shares of the real estate investment trust’s stock valued at $30,658,000 after acquiring an additional 4,609 shares during the period. Alliancebernstein L.P. lifted its stake in shares of National Storage Affiliates Trust by 5.3% in the 1st quarter. Alliancebernstein L.P. now owns 764,738 shares of the real estate investment trust’s stock valued at $30,131,000 after purchasing an additional 38,573 shares during the period. Nuveen LLC purchased a new stake in National Storage Affiliates Trust during the first quarter worth $23,134,000. LPL Financial LLC boosted its holdings in National Storage Affiliates Trust by 0.3% during the first quarter. LPL Financial LLC now owns 535,525 shares of the real estate investment trust’s stock worth $21,100,000 after buying an additional 1,713 shares in the last quarter. Finally, Invesco Ltd. grew its position in National Storage Affiliates Trust by 4.8% during the first quarter. Invesco Ltd. now owns 497,003 shares of the real estate investment trust’s stock valued at $19,582,000 after buying an additional 22,641 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on NSA shares. Wall Street Zen lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Sunday, October 19th. Wells Fargo & Company reduced their price target on National Storage Affiliates Trust from $38.00 to $35.00 and set an “underweight” rating for the company in a report on Wednesday, July 23rd. Robert W. Baird dropped their price objective on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Evercore ISI boosted their price objective on National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an “underperform” rating in a research report on Monday, September 15th. Finally, Barclays decreased their target price on National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday, August 8th. Seven investment analysts have rated the stock with a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust presently has an average rating of “Reduce” and an average target price of $33.64.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $29.03 on Friday. The firm has a market cap of $2.23 billion, a P/E ratio of 46.82 and a beta of 1.08. The stock has a 50 day moving average of $31.21 and a two-hundred day moving average of $32.60. National Storage Affiliates Trust has a 12 month low of $28.02 and a 12 month high of $46.07. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 2.62.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm had revenue of $188.84 million for the quarter, compared to analysts’ expectations of $185.91 million. During the same quarter in the previous year, the firm posted $0.21 earnings per share. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were given a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date was Monday, September 15th. National Storage Affiliates Trust’s dividend payout ratio is 367.74%.

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.