BNP Paribas Financial Markets Has $413,000 Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

BNP Paribas Financial Markets reduced its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 67.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,560 shares of the real estate investment trust's stock after selling 18,000 shares during the quarter. BNP Paribas Financial Markets' holdings in National Storage Affiliates Trust were worth $413,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Long Pond Capital LP bought a new position in shares of National Storage Affiliates Trust in the second quarter worth about $16,198,000. FMR LLC raised its position in National Storage Affiliates Trust by 27.5% in the 3rd quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust's stock worth $80,214,000 after purchasing an additional 358,449 shares during the last quarter. Victory Capital Management Inc. raised its position in National Storage Affiliates Trust by 1,581.9% in the 3rd quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust's stock worth $11,650,000 after purchasing an additional 227,334 shares during the last quarter. Hancock Whitney Corp lifted its holdings in National Storage Affiliates Trust by 1,760.2% during the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust's stock worth $10,035,000 after buying an additional 197,003 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in National Storage Affiliates Trust in the 3rd quarter valued at $5,406,000. 99.97% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Robert W. Baird raised their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research note on Wednesday, November 6th. Wells Fargo & Company lifted their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an "underweight" rating in a report on Monday, October 21st. Evercore ISI increased their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an "underperform" rating in a research note on Monday, September 16th. KeyCorp cut National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research note on Monday, September 9th. Finally, Jefferies Financial Group increased their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a "buy" rating in a research note on Wednesday, September 18th. Three investment 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $43.17.

National Storage Affiliates Trust Stock Down 0.6 %

Shares of NYSE:NSA traded down $0.27 during trading on Friday, hitting $41.47. 686,905 shares of the company's stock traded hands, compared to its average volume of 702,908. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 24.25 and a beta of 1.01. National Storage Affiliates Trust has a 52 week low of $34.50 and a 52 week high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a 50-day moving average price of $43.58 and a 200-day moving average price of $43.51.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its 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). The firm had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm's quarterly revenue was down 20.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.67 EPS. As a group, research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date is Friday, December 13th. This is a boost from National Storage Affiliates Trust's previous quarterly dividend of $0.56. National Storage Affiliates Trust's dividend payout ratio is 133.33%.

About National Storage Affiliates Trust

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.