Hancock Whitney Corp Has $7.37 Million Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Hancock Whitney Corp trimmed its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,280 shares of the real estate investment trust's stock after selling 13,915 shares during the period. Hancock Whitney Corp owned approximately 0.25% of National Storage Affiliates Trust worth $7,365,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Versant Capital Management Inc lifted its stake in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 514 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in shares of National Storage Affiliates Trust by 48.9% in the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock valued at $82,000 after acquiring an additional 710 shares in the last quarter. KBC Group NV increased its position in shares of National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after acquiring an additional 1,869 shares during the last quarter. Sterling Capital Management LLC raised its holdings in National Storage Affiliates Trust by 50.8% during the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust's stock worth $156,000 after acquiring an additional 1,388 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in National Storage Affiliates Trust during the fourth quarter valued at approximately $210,000. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Performance

NYSE:NSA traded up $0.06 during mid-day trading on Tuesday, reaching $36.23. 114,187 shares of the company's stock were exchanged, compared to its average volume of 645,393. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The business's fifty day simple moving average is $37.08 and its two-hundred day simple moving average is $39.23. The firm has a market capitalization of $2.77 billion, a PE ratio of 21.18 and a beta of 1.04.

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 EPS for the quarter, topping the consensus estimate of $0.19 by $0.41. The company had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.29%. The ex-dividend date was Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 200.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their price objective for the company from $40.00 to $38.00 in a report on Friday, January 10th. Mizuho started coverage on shares of National Storage Affiliates Trust in a report on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price on the stock. Wells Fargo & Company lowered 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. Barclays cut their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 12th. Finally, Robert W. Baird reduced their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $41.28.

Insider Buying and Selling

In other news, Director Michael J. Schall acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares of the company's stock, valued at approximately $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 13.70% of the stock is owned by company insiders.

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.