Federated Hermes Inc. Purchases 6,245 Shares of National Storage Affiliates Trust (NYSE:NSA)

Federated Hermes Inc. raised its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 96.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,711 shares of the real estate investment trust’s stock after purchasing an additional 6,245 shares during the quarter. Federated Hermes Inc.’s holdings in National Storage Affiliates Trust were worth $527,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Commonwealth Equity Services LLC purchased a new stake in National Storage Affiliates Trust during the third quarter valued at approximately $383,000. Cambridge Investment Research Advisors Inc. raised its holdings in National Storage Affiliates Trust by 49.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 19,675 shares of the real estate investment trust’s stock worth $624,000 after purchasing an additional 6,533 shares during the period. Raymond James & Associates raised its holdings in National Storage Affiliates Trust by 5.7% in the 3rd quarter. Raymond James & Associates now owns 205,068 shares of the real estate investment trust’s stock worth $6,509,000 after purchasing an additional 11,121 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in National Storage Affiliates Trust by 137.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 17,272 shares of the real estate investment trust’s stock valued at $548,000 after purchasing an additional 9,993 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in National Storage Affiliates Trust by 1.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 46,328 shares of the real estate investment trust’s stock valued at $1,470,000 after purchasing an additional 673 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on NSA. Deutsche Bank Aktiengesellschaft initiated coverage on National Storage Affiliates Trust in a research note on Tuesday, January 30th. They issued a “sell” rating and a $33.00 price objective on the stock. Barclays began coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $39.00 price target for the company. Finally, KeyCorp upgraded shares of National Storage Affiliates Trust from a “sector weight” rating to an “overweight” rating and set a $45.00 price objective on the stock in a research report on Friday, January 5th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $36.60.

National Storage Affiliates Trust Stock Up 1.0 %

Shares of NSA stock opened at $36.06 on Friday. The stock has a market cap of $2.88 billion, a P/E ratio of 18.88 and a beta of 0.87. The company’s fifty day simple moving average is $36.82 and its two-hundred day simple moving average is $36.14. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 2.05. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $42.54.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $196.15 million for the quarter, compared to the consensus estimate of $191.70 million. National Storage Affiliates Trust had a return on equity of 9.92% and a net margin of 22.07%. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.66 earnings per share. Analysts predict that National Storage Affiliates Trust will post 2.5 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 6.21%. The ex-dividend date of this dividend was Thursday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 117.28%.

National Storage Affiliates Trust 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.