Federated Hermes Inc. Reduces Position in National Storage Affiliates Trust (NYSE:NSA)

Federated Hermes Inc. cut its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 68.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,555 shares of the real estate investment trust's stock after selling 35,997 shares during the quarter. Federated Hermes Inc.'s holdings in National Storage Affiliates Trust were worth $628,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Fisher Asset Management LLC grew its holdings in National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock worth $384,000 after purchasing an additional 616 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in National Storage Affiliates Trust during the 4th quarter worth $795,000. Charles Schwab Investment Management Inc. increased its position 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 buying an additional 23,366 shares in the last quarter. Sei Investments Co. increased its position in National Storage Affiliates Trust by 8.0% during the 4th quarter. Sei Investments Co. now owns 394,158 shares of the real estate investment trust's stock valued at $14,943,000 after buying an additional 29,063 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of National Storage Affiliates Trust by 9.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock worth $3,406,000 after buying an additional 7,655 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

Insider Buying and Selling at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now owns 6,000 shares of the company's stock, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 13.70% of the company's stock.

National Storage Affiliates Trust Price Performance

NYSE NSA traded up $1.26 during trading hours on Tuesday, reaching $36.68. The company's stock had a trading volume of 617,981 shares, compared to its average volume of 656,415. 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 $2.80 billion, a price-to-earnings ratio of 21.45 and a beta of 1.04. The company's 50-day moving average is $37.18 and its two-hundred day moving average is $39.49. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. On average, equities analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 14th were issued a dividend of $0.57 per share. The ex-dividend date was Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.22%. National Storage Affiliates Trust's payout ratio is currently 200.00%.

Analysts Set New Price Targets

NSA has been the subject of a number of research analyst reports. Barclays reduced their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 12th. Robert W. Baird cut their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, March 13th. Wells Fargo & Company cut their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, February 21st. Mizuho initiated coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $41.28.

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.