Oppenheimer Asset Management Inc. Has $3.41 Million Position in National Storage Affiliates Trust (NYSE:NSA)

Oppenheimer Asset Management Inc. boosted its position in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 9.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 89,852 shares of the real estate investment trust's stock after purchasing an additional 7,655 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.12% of National Storage Affiliates Trust worth $3,406,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of NSA. Loomis Sayles & Co. L P bought a new stake in National Storage Affiliates Trust in the 3rd quarter valued at about $25,000. Versant Capital Management Inc increased its stake in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 514 shares during the period. Ashton Thomas Securities LLC acquired a new position in National Storage Affiliates Trust during the 3rd quarter valued at about $29,000. Venturi Wealth Management LLC increased its stake in National Storage Affiliates Trust by 514.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 1,215 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in National Storage Affiliates Trust by 29.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,764 shares of the real estate investment trust's stock valued at $131,000 after buying an additional 626 shares during the period. 99.97% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Several research firms have commented on NSA. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. 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. Barclays lowered their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Finally, Wells Fargo & Company lowered their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of "Hold" and a consensus price target of $42.56.

National Storage Affiliates Trust Price Performance

Shares of NSA traded up $0.76 during mid-day trading on Wednesday, hitting $38.81. The company's stock had a trading volume of 903,142 shares, compared to its average volume of 630,676. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44. The firm has a 50-day moving average price of $37.45 and a 200 day moving average price of $41.94. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 22.70 and a beta of 1.03. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

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. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $190.12 million during the quarter, compared to analysts' expectations of $185.37 million. On average, research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.87%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust's payout ratio is 200.00%.

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.