National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in National Storage Affiliates Trust (NYSE:NSA) by 96.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,711 shares of the real estate investment trust’s stock after acquiring an additional 6,245 shares during the period. Federated Hermes Inc.’s holdings in National Storage Affiliates Trust were worth $527,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Allworth Financial LP increased its holdings in shares of National Storage Affiliates Trust by 83.6% in 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 during the period. Fifth Third Bancorp lifted its stake in National Storage Affiliates Trust by 436.8% during the 4th quarter. Fifth Third Bancorp now owns 1,181 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 961 shares during the period. Signaturefd LLC increased its stake in shares of National Storage Affiliates Trust by 282.3% in the third quarter. Signaturefd LLC now owns 5,841 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 4,313 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of National Storage Affiliates Trust by 39.5% during the third quarter. PNC Financial Services Group Inc. now owns 6,038 shares of the real estate investment trust’s stock worth $192,000 after purchasing an additional 1,709 shares during the last quarter. Finally, Cape Cod Five Cents Savings Bank acquired a new position in National Storage Affiliates Trust during the third quarter valued at $213,000. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Trading Up 1.0 %

Shares of NSA stock opened at $36.06 on Friday. The stock has a 50 day simple moving average of $36.82 and a 200-day simple moving average of $36.14. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $42.54. The company has a market cap of $2.88 billion, a price-to-earnings ratio of 18.88 and a beta of 0.87. 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 (NYSE:NSA) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 9.92%. The company had revenue of $196.15 million during the quarter, compared to analysts’ expectations of $191.70 million. During the same period in the prior year, the business posted $0.66 earnings per share. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities research analysts expect that National Storage Affiliates Trust will post 2.5 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NSA. Deutsche Bank Aktiengesellschaft assumed coverage on National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $33.00 price target on the stock. Barclays started coverage on National Storage Affiliates Trust in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price target for the company. Finally, KeyCorp raised shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price objective on the stock in a research note on Friday, January 5th. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $36.60.

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.