Janus Henderson Group PLC Trims Position in National Storage Affiliates Trust (NYSE:NSA)

Janus Henderson Group PLC lessened its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 27.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 440,066 shares of the real estate investment trust's stock after selling 162,698 shares during the period. Janus Henderson Group PLC owned 0.58% of National Storage Affiliates Trust worth $21,212,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Edgestream Partners L.P. raised its position in National Storage Affiliates Trust by 61.1% during the 3rd quarter. Edgestream Partners L.P. now owns 149,221 shares of the real estate investment trust's stock valued at $7,192,000 after purchasing an additional 56,582 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of National Storage Affiliates Trust by 385.7% during 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 buying an additional 334,445 shares during the period. FMR LLC raised its holdings 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 valued at $80,214,000 after acquiring an additional 358,449 shares in the last quarter. Hancock Whitney Corp lifted its stake in National Storage Affiliates Trust by 1,760.2% in the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust's stock worth $10,035,000 after acquiring an additional 197,003 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in National Storage Affiliates Trust in the third quarter worth about $25,000. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Stock Up 1.0 %

NYSE:NSA traded up $0.45 during mid-day trading on Friday, hitting $43.40. 597,929 shares of the company's stock traded hands, compared to its average volume of 483,319. The company has a fifty day moving average of $44.00 and a 200 day moving average of $43.33. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a twelve month low of $34.50 and a twelve month high of $49.44. The company has a market capitalization of $3.31 billion, a P/E ratio of 25.38 and a beta of 1.01.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.42). The company had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business's revenue was down 20.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.67 EPS. On average, analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a dividend of $0.57 per share. This is an increase from National Storage Affiliates Trust's previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a dividend yield of 5.25%. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust's payout ratio is presently 130.99%.

Analyst Ratings Changes

NSA has been the subject of several recent research reports. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a "hold" rating in a report on Friday, August 16th. Robert W. Baird upped their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Barclays increased their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. KeyCorp lowered National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research report on Monday, September 9th. Finally, Jefferies Financial Group raised their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a "buy" rating in a research report on Wednesday, September 18th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $43.17.

National Storage Affiliates Trust 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.