Prudential Financial Inc. Cuts Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Prudential Financial Inc. reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 70.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,683 shares of the real estate investment trust’s stock after selling 52,910 shares during the period. Prudential Financial Inc.’s holdings in National Storage Affiliates Trust were worth $1,096,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Wasatch Advisors Inc. increased its stake in National Storage Affiliates Trust by 2.5% during the 2nd quarter. Wasatch Advisors Inc. now owns 4,126,189 shares of the real estate investment trust’s stock worth $208,620,000 after buying an additional 102,359 shares in the last quarter. State Street Corp lifted its stake in National Storage Affiliates Trust by 4.6% during the second quarter. State Street Corp now owns 3,339,903 shares of the real estate investment trust’s stock worth $168,865,000 after purchasing an additional 145,540 shares in the last quarter. Geode Capital Management LLC increased its position in shares of National Storage Affiliates Trust by 39.1% during the second quarter. Geode Capital Management LLC now owns 1,819,157 shares of the real estate investment trust’s stock worth $91,976,000 after acquiring an additional 510,910 shares during the period. Nuveen Asset Management LLC increased its position in shares of National Storage Affiliates Trust by 13.2% during the second quarter. Nuveen Asset Management LLC now owns 1,744,317 shares of the real estate investment trust’s stock worth $88,193,000 after acquiring an additional 203,076 shares during the period. Finally, Macquarie Group Ltd. increased its position in shares of National Storage Affiliates Trust by 28.6% during the second quarter. Macquarie Group Ltd. now owns 1,534,567 shares of the real estate investment trust’s stock worth $77,588,000 after acquiring an additional 341,708 shares during the period. Institutional investors own 70.83% of the company’s stock.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Wednesday, November 17th. Bank of America assumed coverage on National Storage Affiliates Trust in a research report on Wednesday, September 15th. They set a “neutral” rating and a $60.00 price objective on the stock. Berenberg Bank started coverage on National Storage Affiliates Trust in a research report on Thursday, October 7th. They set a “buy” rating and a $61.00 price objective on the stock. Morgan Stanley increased their target price on National Storage Affiliates Trust from $52.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, October 13th. Finally, Truist Securities increased their target price on National Storage Affiliates Trust from $48.00 to $57.00 and gave the company a “hold” rating in a report on Monday, August 30th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, National Storage Affiliates Trust has a consensus rating of “Hold” and a consensus price target of $55.82.

Shares of NSA stock opened at $63.31 on Thursday. The stock’s 50-day moving average is $58.86 and its two-hundred day moving average is $54.30. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 71.94, a PEG ratio of 2.25 and a beta of 0.45. National Storage Affiliates Trust has a 1 year low of $33.01 and a 1 year high of $64.98. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.18 and a current ratio of 1.18.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Tuesday, November 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.11). National Storage Affiliates Trust had a return on equity of 6.45% and a net margin of 18.59%. During the same period in the previous year, the business posted $0.44 EPS. As a group, research analysts predict that National Storage Affiliates Trust will post 2.18 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 30th. Shareholders of record on Wednesday, December 15th will be issued a dividend of $0.45 per share. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.41. The ex-dividend date is Tuesday, December 14th. This represents a $1.80 annualized dividend and a dividend yield of 2.84%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 186.37%.

About National Storage Affiliates Trust

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

Featured Story: Understanding the Price to Earnings Ratio (PE)

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

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.