National Storage Affiliates Trust (NYSE:NSA) Stock Position Lessened by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 36.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,123 shares of the real estate investment trust’s stock after selling 4,005 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in National Storage Affiliates Trust were worth $281,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NSA. Fisher Asset Management LLC lifted its stake in shares of National Storage Affiliates Trust by 6.5% in the 4th quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock worth $384,000 after acquiring an additional 616 shares during the period. Proficio Capital Partners LLC bought a new stake in National Storage Affiliates Trust during the fourth quarter worth approximately $795,000. Exchange Traded Concepts LLC bought a new stake in National Storage Affiliates Trust during the first quarter worth approximately $805,000. Sound Income Strategies LLC lifted its position in National Storage Affiliates Trust by 17,179.8% in the first quarter. Sound Income Strategies LLC now owns 142,558 shares of the real estate investment trust’s stock worth $5,617,000 after purchasing an additional 141,733 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in National Storage Affiliates Trust by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust’s stock valued at $38,381,000 after purchasing an additional 23,366 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 0.6%

NYSE NSA opened at $32.48 on Thursday. The firm’s 50 day moving average price is $34.50 and its two-hundred day moving average price is $36.34. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.22 and a current ratio of 0.22. National Storage Affiliates Trust has a twelve month low of $30.88 and a twelve month high of $49.44. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 55.05 and a beta of 1.12.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The business had revenue of $188.35 million during the quarter, compared to analyst estimates of $184.65 million. During the same period last year, the business earned $0.60 EPS. The business’s quarterly revenue was down 4.0% on a year-over-year basis. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 7.02%. National Storage Affiliates Trust’s payout ratio is presently 386.44%.

Wall Street Analysts Forecast Growth

NSA has been the topic of a number of research reports. Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 price objective on the stock. Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the stock a “hold” rating in a report on Monday, May 19th. BNP Paribas Exane began coverage on shares of National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an “underperform” rating and a $33.00 price target for the company. BNP Paribas raised shares of National Storage Affiliates Trust to a “strong sell” rating in a research note on Tuesday, June 24th. Finally, Robert W. Baird reduced their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Six research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $38.63.

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.