Jennison Associates LLC increased its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,353,607 shares of the real estate investment trust's stock after purchasing an additional 41,193 shares during the period. Jennison Associates LLC owned 1.63% of National Storage Affiliates Trust worth $56,134,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of NSA. CWM LLC boosted its stake in National Storage Affiliates Trust by 100.9% in the third quarter. CWM LLC now owns 2,248 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 1,129 shares in the last quarter. Arkadios Wealth Advisors boosted its stake in National Storage Affiliates Trust by 15.3% in the third quarter. Arkadios Wealth Advisors now owns 9,971 shares of the real estate investment trust's stock valued at $316,000 after acquiring an additional 1,321 shares in the last quarter. Hunter Perkins Capital Management LLC boosted its stake in National Storage Affiliates Trust by 30.3% in the third quarter. Hunter Perkins Capital Management LLC now owns 11,275 shares of the real estate investment trust's stock valued at $358,000 after acquiring an additional 2,625 shares in the last quarter. Commonwealth Equity Services LLC acquired a new position in National Storage Affiliates Trust in the third quarter valued at $383,000. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in National Storage Affiliates Trust by 49.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 19,675 shares of the real estate investment trust's stock valued at $624,000 after acquiring an additional 6,533 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on NSA shares. Barclays started coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, March 27th. They set an "equal weight" rating and a $39.00 target price for the company. Truist Financial increased their target price on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a "hold" rating in a research note on Thursday, December 28th. KeyCorp upgraded shares of National Storage Affiliates Trust from a "sector weight" rating to an "overweight" rating and set a $45.00 target price for the company in a research note on Friday, January 5th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, January 30th. They set a "sell" rating and a $33.00 target price for the company. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $36.60.
Get Our Latest Stock Analysis on NSA
National Storage Affiliates Trust Price Performance
Shares of NSA traded up $0.24 during mid-day trading on Wednesday, reaching $35.79. 603,262 shares of the company's stock were exchanged, compared to its average volume of 809,983. The company has a market cap of $2.86 billion, a price-to-earnings ratio of 23.86 and a beta of 0.85. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.05. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $42.54. The company has a 50-day simple moving average of $36.97 and a two-hundred day simple moving average of $35.97.
National Storage Affiliates Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.56 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.24 annualized dividend and a yield of 6.26%. National Storage Affiliates Trust's payout ratio is currently 149.33%.
National Storage Affiliates Trust Profile
(
Free Report)
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.
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