Prudential Financial Inc. Has $1.56 Million Holdings in National Storage Affiliates Trust (NYSE:NSA)

Prudential Financial Inc. decreased its stake in National Storage Affiliates Trust (NYSE:NSA) by 7.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,184 shares of the real estate investment trust’s stock after selling 3,100 shares during the quarter. Prudential Financial Inc. owned approximately 0.05% of National Storage Affiliates Trust worth $1,561,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at $13,354,000. TimesSquare Capital Management LLC lifted its holdings in National Storage Affiliates Trust by 39.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock valued at $42,110,000 after purchasing an additional 315,474 shares during the last quarter. Vanguard Group Inc. boosted its position in National Storage Affiliates Trust by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 9,759,416 shares of the real estate investment trust’s stock valued at $369,979,000 after buying an additional 80,923 shares in the last quarter. SG Americas Securities LLC grew its stake in National Storage Affiliates Trust by 1,354.0% during the fourth quarter. SG Americas Securities LLC now owns 85,784 shares of the real estate investment trust’s stock worth $3,252,000 after buying an additional 79,884 shares during the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of National Storage Affiliates Trust by 8.5% during the fourth quarter. American Century Companies Inc. now owns 742,959 shares of the real estate investment trust’s stock worth $28,166,000 after buying an additional 58,515 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

NSA has been the topic of several recent analyst reports. Barclays reduced their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Wells Fargo & Company lowered their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Finally, Robert W. Baird decreased their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus price target of $42.06.

Insiders Place Their Bets

In other news, Director Michael J. Schall bought 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were bought at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $35.13 on Friday. National Storage Affiliates Trust has a 1 year low of $34.59 and a 1 year high of $49.44. The company’s 50-day moving average is $37.93 and its two-hundred day moving average is $40.69. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market cap of $2.69 billion, a PE ratio of 20.54 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 6.49%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust’s payout ratio is 200.00%.

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.