Vanguard Group Inc. Has $290.68 Million Position in National Storage Affiliates Trust $NSA

Vanguard Group Inc. reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,618,839 shares of the real estate investment trust’s stock after selling 29,010 shares during the period. Vanguard Group Inc. owned approximately 12.53% of National Storage Affiliates Trust worth $290,681,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Long Pond Capital LP bought a new stake in shares of National Storage Affiliates Trust during the 2nd quarter worth $79,936,000. Balyasny Asset Management L.P. boosted its position in National Storage Affiliates Trust by 172.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock worth $100,670,000 after buying an additional 1,989,965 shares during the period. Prudential Financial Inc. grew its holdings in National Storage Affiliates Trust by 50.0% during the 2nd quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock worth $66,844,000 after acquiring an additional 696,067 shares during the last quarter. Norges Bank bought a new stake in National Storage Affiliates Trust during the 2nd quarter worth approximately $21,991,000. Finally, Jennison Associates LLC increased its position in National Storage Affiliates Trust by 38.5% in the 2nd quarter. Jennison Associates LLC now owns 1,485,145 shares of the real estate investment trust’s stock valued at $47,510,000 after acquiring an additional 413,173 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on NSA shares. National Bank Financial set a $32.00 target price on shares of National Storage Affiliates Trust in a report on Friday, December 5th. Wall Street Zen downgraded National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Truist Financial increased their target price on National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Finally, Barclays set a $33.00 price target on shares of National Storage Affiliates Trust in a research note on Tuesday, January 13th. Ten research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Reduce” and an average price target of $32.30.

National Storage Affiliates Trust Trading Up 1.7%

Shares of NSA opened at $35.05 on Friday. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $40.62. The business has a 50-day moving average of $31.82 and a 200 day moving average of $30.92. The firm has a market cap of $2.70 billion, a P/E ratio of 50.80 and a beta of 1.19. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. National Storage Affiliates Trust had a net margin of 9.80% and a return on equity of 5.69%. The firm had revenue of $187.03 million during the quarter, compared to analyst estimates of $187.24 million. During the same quarter last year, the business earned $0.60 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2026 guidance at 2.130-2.250 EPS. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, March 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 330.43%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.