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

JPMorgan Chase & Co. increased its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 15.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 319,277 shares of the real estate investment trust's stock after acquiring an additional 42,508 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.42% of National Storage Affiliates Trust worth $15,389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust in the 3rd quarter worth approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in shares of National Storage Affiliates Trust in the third quarter worth $29,000. Bellevue Asset Management LLC purchased a new position in shares of National Storage Affiliates Trust during the third quarter valued at $39,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of National Storage Affiliates Trust during the second quarter valued at $33,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust during the second quarter valued at $39,000. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Down 1.0 %

Shares of NSA stock traded down $0.37 on Friday, hitting $36.57. The company's stock had a trading volume of 810,679 shares, compared to its average volume of 642,697. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $2.79 billion, a price-to-earnings ratio of 21.39 and a beta of 1.03. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The firm's fifty day moving average price is $41.30 and its 200-day moving average price is $43.29.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share 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 during the quarter, compared to analyst estimates of $185.45 million. During the same period in the prior year, the firm earned $0.67 EPS. National Storage Affiliates Trust's quarterly revenue was down 20.2% on a year-over-year basis. Research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.57 dividend. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.23%. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 133.33%.

Analyst Upgrades and Downgrades

NSA has been the subject of a number of research reports. Jefferies Financial Group raised their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a "buy" rating in a research report on Wednesday, September 18th. Robert W. Baird boosted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price objective for the company from $40.00 to $38.00 in a research note on Friday. Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an "underperform" rating in a report on Monday, September 16th. Finally, Barclays increased their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an "equal weight" rating in a report on Monday, October 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $43.56.

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.