Hancock Whitney Corp Sells 13,915 Shares of National Storage Affiliates Trust (NYSE:NSA)

Hancock Whitney Corp lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 6.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,280 shares of the real estate investment trust’s stock after selling 13,915 shares during the period. Hancock Whitney Corp owned 0.25% of National Storage Affiliates Trust worth $7,365,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 514 shares during the period. Venturi Wealth Management LLC grew its holdings in National Storage Affiliates Trust by 48.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 710 shares during the period. KBC Group NV lifted its stake in shares of National Storage Affiliates Trust by 94.3% in the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,869 shares during the period. Sterling Capital Management LLC grew its stake in National Storage Affiliates Trust by 50.8% during the fourth quarter. Sterling Capital Management LLC now owns 4,119 shares of the real estate investment trust’s stock worth $156,000 after purchasing an additional 1,388 shares during the period. Finally, Virtu Financial LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter valued at approximately $210,000. 99.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NSA has been the topic of several research reports. Robert W. Baird dropped their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Thursday, March 13th. Mizuho assumed coverage on National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a “neutral” rating and a $35.00 target price on the stock. Wells Fargo & Company reduced their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Barclays dropped their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.28.

National Storage Affiliates Trust Stock Down 0.6 %

National Storage Affiliates Trust stock opened at $36.41 on Thursday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 21.29 and a beta of 1.04. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year 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 firm has a 50 day simple moving average of $37.16 and a 200 day simple moving average of $39.47.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. On average, analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 14th were issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.26%. The ex-dividend date of this dividend was Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 200.00%.

Insider Buying and Selling at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The shares were bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.70% of the company’s stock.

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.