Federated Hermes Inc. Sells 1,318 Shares of National Storage Affiliates Trust (NYSE:NSA)

Federated Hermes Inc. trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 14.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the real estate investment trust’s stock after selling 1,318 shares during the quarter. Federated Hermes Inc.’s holdings in National Storage Affiliates Trust were worth $330,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Wasatch Advisors LP grew its position in shares of National Storage Affiliates Trust by 20.3% in the 1st quarter. Wasatch Advisors LP now owns 6,563,468 shares of the real estate investment trust’s stock valued at $257,025,000 after purchasing an additional 1,108,176 shares during the period. Balyasny Asset Management L.P. boosted its holdings in shares of 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 valued at $95,789,000 after buying an additional 950,171 shares during the period. Wellington Management Group LLP increased its position in shares of National Storage Affiliates Trust by 20.7% during the fourth quarter. Wellington Management Group LLP now owns 1,060,274 shares of the real estate investment trust’s stock worth $43,970,000 after acquiring an additional 181,644 shares in the last quarter. TimesSquare Capital Management LLC increased its position in shares of National Storage Affiliates Trust by 2.5% during the first quarter. TimesSquare Capital Management LLC now owns 941,056 shares of the real estate investment trust’s stock worth $36,852,000 after acquiring an additional 23,181 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $36,567,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $48.71 on Wednesday. The stock has a market capitalization of $3.65 billion, a PE ratio of 25.50 and a beta of 0.98. National Storage Affiliates Trust has a 1-year low of $27.86 and a 1-year high of $49.44. The firm has a fifty day simple moving average of $45.08 and a 200 day simple moving average of $40.63. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28.

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

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 13th will be paid a $0.56 dividend. The ex-dividend date is Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 4.60%. National Storage Affiliates Trust’s dividend payout ratio is 117.28%.

Wall Street Analysts Forecast Growth

NSA has been the subject of a number of research analyst reports. Citigroup upped their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Barclays lifted their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, August 22nd. 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 research report on Monday, September 16th. Robert W. Baird raised their price target on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 6th. Finally, Wells Fargo & Company boosted their price objective on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an “underweight” rating in a research report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $42.50.

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.