US Bancorp DE Reduces Holdings in National Storage Affiliates Trust (NYSE:NSA)

US Bancorp DE decreased its position in National Storage Affiliates Trust (NYSE:NSA) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,789 shares of the real estate investment trust’s stock after selling 284 shares during the period. US Bancorp DE’s holdings in National Storage Affiliates Trust were worth $106,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in NSA. Fisher Asset Management LLC boosted its position in shares of National Storage Affiliates Trust by 6.5% during the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 616 shares during the period. Versor Investments LP boosted its position in shares of National Storage Affiliates Trust by 73.9% during the 4th quarter. Versor Investments LP now owns 8,000 shares of the real estate investment trust’s stock worth $303,000 after purchasing an additional 3,400 shares during the period. Proficio Capital Partners LLC purchased a new position in shares of National Storage Affiliates Trust during the 4th quarter worth approximately $795,000. Oppenheimer & Co. Inc. boosted its position in shares of National Storage Affiliates Trust by 54.7% during the 4th quarter. Oppenheimer & Co. Inc. now owns 11,128 shares of the real estate investment trust’s stock worth $422,000 after purchasing an additional 3,935 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its position in shares of National Storage Affiliates Trust by 9.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock worth $3,406,000 after purchasing an additional 7,655 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Insider Activity

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now owns 6,000 shares of the company’s stock, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 13.00% of the company’s stock.

Analyst Ratings Changes

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

National Storage Affiliates Trust Price Performance

National Storage Affiliates Trust stock opened at $36.64 on Monday. The firm has a market cap of $2.80 billion, a PE ratio of 21.43 and a beta of 1.07. National Storage Affiliates Trust has a 52-week low of $34.59 and a 52-week high of $49.44. 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 company’s 50 day moving average is $37.48 and its two-hundred day moving average is $41.58.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. On average, research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.22%. National Storage Affiliates Trust’s payout ratio is 200.00%.

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.