Franklin Resources Inc. Acquires 182,878 Shares of National Storage Affiliates Trust (NYSE:NSA)

Franklin Resources Inc. lifted its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 140.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 312,929 shares of the real estate investment trust’s stock after purchasing an additional 182,878 shares during the quarter. Franklin Resources Inc. owned approximately 0.41% of National Storage Affiliates Trust worth $11,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NSA. Versant Capital Management Inc increased its position in National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 514 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 710 shares in the last quarter. KBC Group NV lifted its holdings in National Storage Affiliates Trust by 94.3% in the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 1,869 shares during the last quarter. Virtu Financial LLC bought a new stake in National Storage Affiliates Trust during the fourth quarter worth approximately $210,000. Finally, Johnson & White Wealth Management LLC acquired a new position in National Storage Affiliates Trust during the fourth quarter valued at approximately $228,000. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 3.4 %

National Storage Affiliates Trust stock opened at $32.42 on Wednesday. The business has a 50 day moving average price of $37.64 and a two-hundred day moving average price of $40.36. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 12 month low of $32.17 and a 12 month high of $49.44. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 18.96 and a beta of 1.04.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. As a group, equities analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 14th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 7.03%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Insider Buying and Selling

In related news, Director Michael J. Schall purchased 4,000 shares of the stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 13.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on NSA. Wells Fargo & Company decreased their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Barclays dropped their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Robert W. Baird decreased their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus target price of $42.06.

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.