Associated Banc Corp Has $209,000 Stake in National Storage Affiliates Trust (NYSE:NSA)

Associated Banc Corp decreased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 13.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,333 shares of the real estate investment trust’s stock after selling 661 shares during the period. Associated Banc Corp’s holdings in National Storage Affiliates Trust were worth $209,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Swedbank AB purchased a new stake in National Storage Affiliates Trust in the 1st quarter worth approximately $16,056,000. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust in the second quarter worth $16,198,000. Victory Capital Management Inc. raised its holdings in shares of National Storage Affiliates Trust by 1,581.9% during the third quarter. Victory Capital Management Inc. now owns 241,705 shares of the real estate investment trust’s stock worth $11,650,000 after acquiring an additional 227,334 shares in the last quarter. Hancock Whitney Corp boosted its position in National Storage Affiliates Trust by 1,760.2% during the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock valued at $10,035,000 after purchasing an additional 197,003 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in National Storage Affiliates Trust in the third quarter valued at about $5,406,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on NSA shares. Wells Fargo & Company lifted their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a report on Monday, October 21st. Evercore ISI increased their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research note on Monday, September 16th. Jefferies Financial Group raised their price target on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, September 18th. Robert W. Baird upped their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Barclays raised their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Three 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. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average target price of $43.17.

National Storage Affiliates Trust Trading Down 0.1 %

National Storage Affiliates Trust stock opened at $45.08 on Wednesday. The business’s 50-day simple moving average is $44.69 and its 200-day simple moving average is $42.89. National Storage Affiliates Trust has a 52 week low of $32.42 and a 52 week high of $49.44. The firm has a market capitalization of $3.44 billion, a PE ratio of 26.36 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share 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 the consensus estimate of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm’s quarterly revenue was down 20.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.67 EPS. Equities research analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.57 dividend. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) 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.