National Storage Affiliates Trust (NYSE:NSA) Shares Purchased by Hancock Whitney Corp

Hancock Whitney Corp raised its holdings in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 1,760.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 208,195 shares of the real estate investment trust's stock after buying an additional 197,003 shares during the quarter. Hancock Whitney Corp owned approximately 0.27% of National Storage Affiliates Trust worth $10,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Loomis Sayles & Co. L P acquired a new stake in National Storage Affiliates Trust during the third quarter worth about $25,000. Ashton Thomas Securities LLC purchased a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in National Storage Affiliates Trust during the 2nd quarter worth approximately $33,000. Ashton Thomas Private Wealth LLC purchased a new position in National Storage Affiliates Trust in the second quarter valued at approximately $39,000. Finally, Bellevue Asset Management LLC acquired a new position in National Storage Affiliates Trust during the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 99.97% of the company's stock.

Wall Street Analysts Forecast Growth

NSA has been the topic of a number of research reports. Jefferies Financial Group raised their target price on shares of 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. Citigroup upped their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a "neutral" rating in a research report on Friday, August 30th. KeyCorp downgraded National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a report on Monday, September 9th. Evercore ISI upped their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an "underperform" rating in a report on Monday, September 16th. Finally, Robert W. Baird increased their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a "neutral" rating in a research report on Wednesday, November 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of "Hold" and a consensus target price of $43.17.

National Storage Affiliates Trust Stock Up 1.8 %

Shares of National Storage Affiliates Trust stock traded up $0.79 on Monday, hitting $45.14. 886,572 shares of the company's stock traded hands, compared to its average volume of 713,755. National Storage Affiliates Trust has a 52-week low of $32.42 and a 52-week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a market cap of $3.44 billion, a P/E ratio of 25.94 and a beta of 0.99. The firm's 50-day moving average is $44.76 and its 200 day moving average is $42.83.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.42). The company 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 company's revenue was down 20.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.67 earnings per share. Equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share 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. 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 5.05%. This is an increase from National Storage Affiliates Trust's previous quarterly dividend of $0.56. The ex-dividend date is Friday, December 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is 130.99%.

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.