Jennison Associates LLC Boosts Holdings in National Storage Affiliates Trust (NYSE:NSA)

Jennison Associates LLC raised its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,353,607 shares of the real estate investment trust’s stock after acquiring an additional 41,193 shares during the quarter. Jennison Associates LLC’s holdings in National Storage Affiliates Trust were worth $56,134,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Allworth Financial LP lifted its holdings in National Storage Affiliates Trust by 83.6% during the third quarter. Allworth Financial LP now owns 828 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 377 shares in the last quarter. Fifth Third Bancorp lifted its holdings in National Storage Affiliates Trust by 436.8% during the fourth quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 961 shares in the last quarter. CWM LLC raised its position in shares of National Storage Affiliates Trust by 100.9% in the third quarter. CWM LLC now owns 2,248 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 1,129 shares during the last quarter. Colonial River Wealth Management LLC acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter valued at about $220,000. Finally, Blue Trust Inc. raised its position in shares of National Storage Affiliates Trust by 2,584.0% in the fourth quarter. Blue Trust Inc. now owns 5,368 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 5,168 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $35.55 on Wednesday. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $42.54. The stock has a market cap of $2.84 billion, a PE ratio of 23.70 and a beta of 0.85. The firm has a 50-day simple moving average of $36.97 and a two-hundred day simple moving average of $35.97. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.95 and a quick ratio of 0.95.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 149.33%.

Analysts Set New Price Targets

NSA has been the subject of a number of recent research reports. KeyCorp upgraded shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 target price for the company in a research report on Friday, January 5th. Truist Financial raised their price objective on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, December 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price objective for the company. Finally, Barclays assumed coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price objective for the company. Four investment 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $36.60.

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.