Hancock Whitney Corp Boosts Stake in National Storage Affiliates Trust (NYSE:NSA)

Hancock Whitney Corp lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 1,760.2% during the third quarter, HoldingsChannel.com reports. The firm owned 208,195 shares of the real estate investment trust’s stock after purchasing an additional 197,003 shares during the period. Hancock Whitney Corp’s holdings in National Storage Affiliates Trust were worth $10,035,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Swedbank AB acquired a new stake in shares of National Storage Affiliates Trust during the 1st quarter valued at approximately $16,056,000. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $16,198,000. Victory Capital Management Inc. lifted its stake in National Storage Affiliates Trust by 1,581.9% in the 3rd quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock valued at $11,650,000 after buying an additional 227,334 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in National Storage Affiliates Trust during the 3rd quarter valued at $5,406,000. Finally, Manning & Napier Advisors LLC acquired a new stake in National Storage Affiliates Trust during the 2nd quarter valued at $4,534,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

NSA has been the topic of several recent research reports. Truist Financial upped their price objective 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. Jefferies Financial Group raised their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Evercore ISI boosted their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th. Wells Fargo & Company raised their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Finally, Robert W. Baird boosted their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $44.83 on Monday. The business’s fifty day moving average price is $44.76 and its 200 day moving average price is $42.83. National Storage Affiliates Trust has a twelve month low of $32.42 and a twelve month high of $49.44. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a market capitalization of $3.42 billion, a P/E ratio of 25.94 and a beta of 0.99.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The firm had revenue of $174.80 million during the quarter, compared to analysts’ expectations of $185.45 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.67 earnings per share. As a group, research 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.09%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is 130.99%.

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.