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

Oppenheimer Asset Management Inc. trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 9.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 82,197 shares of the real estate investment trust’s stock after selling 8,870 shares during the period. Oppenheimer Asset Management Inc. owned 0.11% of National Storage Affiliates Trust worth $3,962,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NSA. Allspring Global Investments Holdings LLC boosted its stake in National Storage Affiliates Trust by 6.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 10,332 shares of the real estate investment trust’s stock valued at $405,000 after purchasing an additional 616 shares during the period. Quantbot Technologies LP bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth about $238,000. SG Americas Securities LLC bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter worth about $113,000. Sei Investments Co. raised its position in shares of National Storage Affiliates Trust by 25.2% during the 1st quarter. Sei Investments Co. now owns 356,451 shares of the real estate investment trust’s stock worth $13,959,000 after buying an additional 71,831 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of National Storage Affiliates Trust by 27.0% during the 1st quarter. Russell Investments Group Ltd. now owns 19,461 shares of the real estate investment trust’s stock worth $762,000 after buying an additional 4,139 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Up 1.9 %

NSA stock opened at $43.14 on Friday. National Storage Affiliates Trust has a 52-week low of $32.42 and a 52-week high of $49.44. The company’s 50 day simple moving average is $45.14 and its 200-day simple moving average is $42.40. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market capitalization of $3.29 billion, a P/E ratio of 25.23 and a beta of 0.99.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. During the same quarter in the prior year, the firm earned $0.67 EPS. The firm’s revenue was down 20.2% compared to the same quarter last year. As a group, equities research analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.29%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s payout ratio is currently 130.99%.

Analyst Upgrades and Downgrades

NSA has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Barclays boosted their price target on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Citigroup boosted their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, KeyCorp downgraded shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.17.

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.