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Janney Montgomery Scott LLC Owns $1.02 Million Shares in National Storage Affiliates Trust (NYSE:NSA)


Janney Montgomery Scott LLC cut its position in National Storage Affiliates Trust (NYSE:NSA – Free Report) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The company owned 24,699 shares of the real estate investment trust, after selling 425 shares during the period. Janney Montgomery Scott LLC’s holdings in National Storage Affiliates Trust were worth $1,024,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in NSA. Massachusetts Financial Services Co. MA increased its stake 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 worth $52,541,000 after purchasing an additional 7,096 shares during the last quarter. Jump Financial LLC grew its holdings in National Storage Affiliates Trust by 21.6% in the fourth quarter. Jump Financial LLC now owns 20,400 shares of the real estate investment trust valued at $846,000 after purchasing an additional 3,627 shares during the period. Johnson Investment Counsel Inc. increased its stake in National Storage Affiliates Trust by 10.6% in the fourth quarter. Johnson Investment Counsel Inc. now owns 16,073 shares of the real estate investment trust, valued at $667,000, after acquiring an additional 1,534 shares in the last quarter. BNP Paribas Financial Markets grew its stake in National Storage Affiliates Trust by 310.9% in the fourth quarter. BNP Paribas Financial Markets now owns 45,930 shares of the real estate investment trust worth $1,905,000 after acquiring an additional 34,751 shares during the period. Finally, Versor Investments LP grew its stake in National Storage Affiliates Trust by 85.3% in the fourth quarter. Versor Investments LP now owns 13,900 shares of the real estate investment trust’s stock worth $576,000 after acquiring an additional 6,400 shares during the period. Institutional investors own 99.97% of the company’s shares.

Wall Street analysts weigh in

In addition, Barclays started reporting on National Storage Affiliates Trust in a research report on Wednesday, March 27. They issued an equalweight rating and a $39.00 price target on the stock. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust has an average rating of “Hold” and a consensus target price of $36.44.

Get our latest report on National Storage Affiliates Trust

National Storage Affiliates Trust Stock Rises 1.8%

NYSE:NSA opened at $35.54 on Friday. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $42.54. The stock has a 50-day moving average of $36.74 and a two-hundred-day moving average of $37.04. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 18.61 and a beta of 0.87. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 2.05.

National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $196.15 million during the quarter, compared to analyst expectations of $191.70 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. National Storage Affiliates Trust’s revenue for the quarter fell 5.7% compared to the same quarter last year. During the same period last year, the company earned earnings per share of $0.66. As a group, equity analysts expect National Storage Affiliates Trust to post 2.5 earnings per share for the current year.

Dividend announcement from National Storage Affiliates Trust

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28. Investors of record on Friday, June 14 will receive a dividend of $0.56. The ex-dividend date of this dividend is Friday, June 14. This represents a dividend of $2.24 annually and a yield of 6.30%. National Storage Affiliates Trust’s dividend payout ratio currently stands at 117.28%.

National Storage Affiliates Trust Profile

(Free report)

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on owning, operating and acquiring self-storage properties primarily located in the top 100 metropolitan statistical areas in the United States. As of December 31, 2023, the Company had 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, excluding 39 self-storage properties classified as held for sale to be sold to a third party.

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Quarterly Institutional Ownership for National Storage Affiliates Trust (NYSE:NSA)



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