National Storage Affiliates Trust (NYSE:NSA) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 11.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,221 shares of the real estate investment trust’s stock after selling 8,381 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.09% of National Storage Affiliates Trust worth $2,515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Fifth Third Bancorp grew 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 in the last quarter. SG Americas Securities LLC purchased a new position in National Storage Affiliates Trust during the 1st quarter valued at about $113,000. Metis Global Partners LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $210,000. Colonial River Wealth Management LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $220,000. Finally, Blue Trust Inc. lifted its holdings in shares of National Storage Affiliates Trust by 2,584.0% during the 4th 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. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Analyst Ratings Changes

Separately, Barclays initiated coverage on National Storage Affiliates Trust in a report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $36.44.

National Storage Affiliates Trust Stock Performance

NSA traded up $1.44 on Friday, hitting $43.50. The company had a trading volume of 841,767 shares, compared to its average volume of 785,548. The company’s fifty day moving average price is $38.99 and its 200 day moving average price is $38.02. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $43.68. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 22.77 and a beta of 0.95.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.04. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The firm had revenue of $196.15 million during the quarter, compared to analyst estimates of $191.70 million. During the same period in the previous year, the company earned $0.66 EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Equities analysts predict that National Storage Affiliates Trust will post 2.5 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.15%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger purchased 18,405 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was bought at an average cost of $37.74 per share, for a total transaction of $694,604.70. Following the completion of the acquisition, the director now directly owns 114,155 shares in the company, valued at $4,308,209.70. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 13.00% of the company’s stock.

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.