Jennison Associates LLC Has $50.11 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Jennison Associates LLC cut its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 6.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,321,733 shares of the real estate investment trust's stock after selling 84,208 shares during the period. Jennison Associates LLC owned 1.73% of National Storage Affiliates Trust worth $50,107,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. KBC Group NV increased its stake in National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after purchasing an additional 1,869 shares during the last quarter. SG Americas Securities LLC grew its position in National Storage Affiliates Trust by 1,354.0% in the 4th quarter. SG Americas Securities LLC now owns 85,784 shares of the real estate investment trust's stock valued at $3,252,000 after buying an additional 79,884 shares in the last quarter. Wedge Capital Management L L P NC grew its position in National Storage Affiliates Trust by 11.3% in the 4th quarter. Wedge Capital Management L L P NC now owns 189,371 shares of the real estate investment trust's stock valued at $7,179,000 after buying an additional 19,229 shares in the last quarter. BluePath Capital Management LLC grew its position in National Storage Affiliates Trust by 23.8% in the 4th quarter. BluePath Capital Management LLC now owns 18,789 shares of the real estate investment trust's stock valued at $682,000 after buying an additional 3,608 shares in the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new stake in National Storage Affiliates Trust in the 4th quarter valued at about $228,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Robert W. Baird upped their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Barclays reduced their price objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday, January 13th. Wells Fargo & Company increased their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a research report on Monday, October 21st. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, National Storage Affiliates Trust presently has a consensus rating of "Hold" and an average target price of $43.06.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded down $0.13 during trading on Friday, reaching $37.65. The stock had a trading volume of 246,693 shares, compared to its average volume of 435,547. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44. The firm has a market capitalization of $2.87 billion, a price-to-earnings ratio of 22.02 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a fifty day simple moving average of $38.57 and a two-hundred day simple moving average of $42.55.

National Storage Affiliates Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.06%. This is a positive change from National Storage Affiliates Trust's previous quarterly dividend of $0.56. National Storage Affiliates Trust's payout ratio is 133.33%.

National Storage Affiliates Trust Company 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.