Hancock Whitney Corp Sells 2,628 Shares of National Storage Affiliates Trust (NYSE:NSA)

Hancock Whitney Corp reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 19.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,192 shares of the real estate investment trust’s stock after selling 2,628 shares during the period. Hancock Whitney Corp’s holdings in National Storage Affiliates Trust were worth $461,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GSA Capital Partners LLP bought a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth $2,468,000. Balyasny Asset Management L.P. raised its position in National Storage Affiliates Trust by 69.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 2,309,828 shares of the real estate investment trust’s stock worth $95,789,000 after acquiring an additional 950,171 shares during the period. D. Scott Neal Inc. boosted its stake in National Storage Affiliates Trust by 20.3% in the second quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust’s stock valued at $11,425,000 after acquiring an additional 46,848 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of National Storage Affiliates Trust by 86.2% during the 1st quarter. BNP Paribas Financial Markets now owns 85,539 shares of the real estate investment trust’s stock valued at $3,350,000 after acquiring an additional 39,609 shares during the period. Finally, Cetera Investment Advisers grew its position in shares of National Storage Affiliates Trust by 371.6% during the 1st quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust’s stock valued at $3,284,000 after acquiring an additional 66,082 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on NSA. Citigroup boosted their price objective on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. Evercore ISI raised their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 16th. Barclays boosted their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Wells Fargo & Company raised their price target on National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday, July 26th. Finally, Truist Financial lifted their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research report on Friday, August 16th. Three research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $42.50.

National Storage Affiliates Trust Stock Performance

Shares of NSA opened at $49.13 on Tuesday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $49.44. The firm has a market capitalization of $3.68 billion, a PE ratio of 25.72 and a beta of 0.98. The company has a 50-day simple moving average of $45.02 and a two-hundred day simple moving average of $40.56.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The business had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $186.37 million. During the same period in the prior year, the company earned $0.68 earnings per share. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, analysts anticipate that National Storage Affiliates Trust will post 2.39 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a dividend of $0.56 per share. The ex-dividend date is Friday, September 13th. This represents a $2.24 dividend on an annualized basis and a yield of 4.56%. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

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.