Franklin Resources Inc. Lowers Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Franklin Resources Inc. lowered its position in National Storage Affiliates Trust (NYSE:NSAFree Report) by 10.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 66,535 shares of the real estate investment trust’s stock after selling 7,496 shares during the quarter. Franklin Resources Inc. owned 0.08% of National Storage Affiliates Trust worth $2,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in National Storage Affiliates Trust by 3.1% in the fourth quarter. Jennison Associates LLC now owns 1,353,607 shares of the real estate investment trust’s stock valued at $56,134,000 after acquiring an additional 41,193 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in National Storage Affiliates Trust by 8.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,339,319 shares of the real estate investment trust’s stock valued at $42,510,000 after acquiring an additional 106,395 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in National Storage Affiliates Trust by 0.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,266,956 shares of the real estate investment trust’s stock valued at $52,541,000 after acquiring an additional 7,096 shares during the last quarter. Anchor Capital Advisors LLC boosted its holdings in National Storage Affiliates Trust by 6.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 1,020,629 shares of the real estate investment trust’s stock valued at $42,325,000 after acquiring an additional 62,146 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in National Storage Affiliates Trust by 2.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 996,256 shares of the real estate investment trust’s stock valued at $31,621,000 after acquiring an additional 20,940 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 2.9 %

Shares of NSA opened at $36.58 on Monday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. National Storage Affiliates Trust has a 12 month low of $27.86 and a 12 month high of $42.54. The stock’s 50-day moving average is $36.73 and its two-hundred day moving average is $37.14. The stock has a market cap of $2.74 billion, a PE ratio of 19.15 and a beta of 0.91.

National Storage Affiliates Trust (NYSE:NSAGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate 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 business had revenue of $196.15 million for the quarter, compared to analysts’ expectations of $191.70 million. During the same quarter in the previous year, the firm posted $0.66 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. Equities 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 declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be paid a $0.56 dividend. This represents a $2.24 annualized dividend and a dividend yield of 6.12%. The ex-dividend date is Friday, June 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 117.28%.

Analyst Ratings Changes

Separately, Barclays began coverage on National Storage Affiliates Trust in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price objective on the stock. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, National Storage Affiliates Trust presently has a consensus rating of “Hold” and an average price target of $36.44.

Get Our Latest Research Report on NSA

National Storage Affiliates Trust Company 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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