Janney Montgomery Scott LLC Has $1.02 Million Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Janney Montgomery Scott LLC reduced its position in National Storage Affiliates Trust (NYSE:NSAFree Report) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 24,699 shares of the real estate investment trust’s stock after selling 425 shares during the period. Janney Montgomery Scott LLC’s holdings in National Storage Affiliates Trust were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in NSA. Massachusetts Financial Services Co. MA raised its holdings in National Storage Affiliates Trust by 0.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,266,956 shares of the real estate investment trust’s stock worth $52,541,000 after purchasing an additional 7,096 shares during the last quarter. Jump Financial LLC lifted its holdings in National Storage Affiliates Trust by 21.6% in the fourth quarter. Jump Financial LLC now owns 20,400 shares of the real estate investment trust’s stock valued at $846,000 after buying an additional 3,627 shares during the period. Johnson Investment Counsel Inc. boosted its stake in National Storage Affiliates Trust by 10.6% in the fourth quarter. Johnson Investment Counsel Inc. now owns 16,073 shares of the real estate investment trust’s stock valued at $667,000 after acquiring an additional 1,534 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in National Storage Affiliates Trust by 310.9% during the 4th quarter. BNP Paribas Financial Markets now owns 45,930 shares of the real estate investment trust’s stock worth $1,905,000 after acquiring an additional 34,751 shares during the period. Finally, Versor Investments LP grew its holdings in National Storage Affiliates Trust by 85.3% during the 4th quarter. Versor Investments LP now owns 13,900 shares of the real estate investment trust’s stock worth $576,000 after acquiring an additional 6,400 shares during the period. Institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

Separately, 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 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and a consensus target price of $36.44.

Get Our Latest Report on National Storage Affiliates Trust

National Storage Affiliates Trust Stock Up 1.8 %

NYSE:NSA opened at $35.54 on Friday. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $42.54. The stock has a 50-day moving average price of $36.74 and a two-hundred day moving average price of $37.04. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 18.61 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 (NYSE:NSAGet Free Report) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The business had revenue of $196.15 million during the quarter, compared to analysts’ expectations of $191.70 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. National Storage Affiliates Trust’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.66 EPS. As a group, equities analysts expect that National Storage Affiliates Trust will post 2.5 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.56 dividend. The ex-dividend date of this dividend is Friday, June 14th. This represents a $2.24 annualized dividend and a yield of 6.30%. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

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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Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

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