Jennison Associates LLC Increases Position in National Storage Affiliates Trust $NSA

Jennison Associates LLC increased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 38.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,485,145 shares of the real estate investment trust’s stock after purchasing an additional 413,173 shares during the quarter. Jennison Associates LLC owned approximately 1.94% of National Storage Affiliates Trust worth $47,510,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in NSA. UMB Bank n.a. raised its holdings in National Storage Affiliates Trust by 71.9% in the second quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 379 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter worth approximately $32,000. Jones Financial Companies Lllp raised its stake in shares of National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares in the last quarter. GAMMA Investing LLC lifted its position in National Storage Affiliates Trust by 21.4% during the second quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 308 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in National Storage Affiliates Trust by 6,617.4% during the first quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 1,522 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 3.1%

National Storage Affiliates Trust stock opened at $29.03 on Friday. The business’s 50-day simple moving average is $31.21 and its two-hundred day simple moving average is $32.60. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30. The company has a market cap of $2.23 billion, a PE ratio of 46.82 and a beta of 1.08. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $46.07.

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

National Storage Affiliates Trust Dividend Announcement

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

Analysts Set New Price Targets

NSA has been the topic of several analyst reports. Evercore ISI lifted their price target on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the stock an “underperform” rating in a report on Monday, September 15th. Barclays dropped 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 note on Friday, August 8th. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a report on Wednesday, October 8th. Robert W. Baird dropped their price target on National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, August 12th. Finally, UBS Group decreased their price objective on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Seven analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $33.64.

About National Storage Affiliates Trust

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.