Truist Financial Corp Has $2.21 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Truist Financial Corp increased its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,175 shares of the real estate investment trust’s stock after acquiring an additional 1,256 shares during the period. Truist Financial Corp owned about 0.06% of National Storage Affiliates Trust worth $2,205,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NSA. Allworth Financial LP raised its holdings in shares of National Storage Affiliates Trust by 83.6% in the third quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 377 shares during the last quarter. Fifth Third Bancorp grew its position in National Storage Affiliates Trust by 436.8% in the fourth quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 961 shares in the last quarter. Signaturefd LLC increased its position in shares of National Storage Affiliates Trust by 282.3% in the third quarter. Signaturefd LLC now owns 5,841 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 4,313 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of National Storage Affiliates Trust by 39.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 1,709 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank acquired a new position in National Storage Affiliates Trust during the third quarter worth $213,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $36.87 on Friday. The company has a 50 day moving average of $36.89 and a 200-day moving average of $36.29. The company has a market cap of $2.76 billion, a PE ratio of 19.30 and a beta of 0.87. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.05. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $42.54.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The firm had revenue of $196.15 million for the quarter, compared to the consensus estimate of $191.70 million. During the same quarter last year, the business posted $0.66 EPS. The company’s revenue was down 5.7% compared to the same quarter last year. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.5 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

Wall Street Analyst Weigh In

NSA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on National Storage Affiliates Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price objective on the stock. Barclays initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 target price on the stock. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $36.44.

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.