JPMorgan Chase & Co. Acquires 42,508 Shares of National Storage Affiliates Trust (NYSE:NSA)

JPMorgan Chase & Co. lifted its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 15.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 319,277 shares of the real estate investment trust’s stock after purchasing an additional 42,508 shares during the period. JPMorgan Chase & Co.’s holdings in National Storage Affiliates Trust were worth $15,389,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Long Pond Capital LP acquired a new position in National Storage Affiliates Trust during the 2nd quarter worth about $16,198,000. FMR LLC lifted its stake in shares of National Storage Affiliates Trust by 27.5% in the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock worth $80,214,000 after acquiring an additional 358,449 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in National Storage Affiliates Trust by 385.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 421,161 shares of the real estate investment trust’s stock valued at $20,300,000 after acquiring an additional 334,445 shares during the last quarter. Victory Capital Management Inc. raised its holdings in National Storage Affiliates Trust by 1,581.9% during the 3rd quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock worth $11,650,000 after purchasing an additional 227,334 shares during the last quarter. Finally, Hancock Whitney Corp raised its holdings in National Storage Affiliates Trust by 1,760.2% during the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock worth $10,035,000 after purchasing an additional 197,003 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

NSA has been the subject of several recent analyst reports. Evercore ISI increased their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Wells Fargo & Company lifted their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their target price for the company from $40.00 to $38.00 in a research report on Friday. Barclays lifted their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Finally, Robert W. Baird increased their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average target price of $43.56.

National Storage Affiliates Trust Trading Down 1.0 %

NYSE:NSA opened at $36.57 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The company has a market cap of $2.79 billion, a PE ratio of 21.39 and a beta of 1.03. The firm has a 50-day moving average of $41.30 and a 200-day moving average of $43.28.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million for the quarter, compared to the consensus estimate of $185.45 million. During the same period in the prior year, the firm posted $0.67 earnings per share. The business’s revenue for the quarter was down 20.2% on a year-over-year basis. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 6.23%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, December 13th. National Storage Affiliates Trust’s payout ratio is currently 133.33%.

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.