Oppenheimer Asset Management Inc. Grows Stock Holdings in National Storage Affiliates Trust (NYSE:NSA)

Oppenheimer Asset Management Inc. boosted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 41.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 91,067 shares of the real estate investment trust’s stock after buying an additional 26,846 shares during the period. Oppenheimer Asset Management Inc. owned 0.12% of National Storage Affiliates Trust worth $3,754,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NSA. Pasadena Private Wealth LLC boosted its stake in shares of National Storage Affiliates Trust by 0.9% in the second quarter. Pasadena Private Wealth LLC now owns 28,764 shares of the real estate investment trust’s stock worth $1,186,000 after acquiring an additional 255 shares during the period. Amalgamated Bank boosted its stake in National Storage Affiliates Trust by 0.7% in the 1st quarter. Amalgamated Bank now owns 49,038 shares of the real estate investment trust’s stock worth $1,920,000 after purchasing an additional 326 shares during the period. Clear Creek Financial Management LLC boosted its stake in National Storage Affiliates Trust by 1.5% in the 2nd quarter. Clear Creek Financial Management LLC now owns 22,513 shares of the real estate investment trust’s stock worth $928,000 after purchasing an additional 339 shares during the period. Crossmark Global Holdings Inc. grew its holdings in National Storage Affiliates Trust by 1.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 18,644 shares of the real estate investment trust’s stock valued at $768,000 after buying an additional 354 shares in the last quarter. Finally, Peak Financial Advisors LLC raised its position in shares of National Storage Affiliates Trust by 2.9% during the second quarter. Peak Financial Advisors LLC now owns 12,688 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 360 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $48.71 on Tuesday. The business’s 50 day moving average price is $44.36 and its 200-day moving average price is $40.14. National Storage Affiliates Trust has a fifty-two week low of $27.86 and a fifty-two week high of $48.90. The company has a market cap of $3.65 billion, a P/E ratio of 25.50 and a beta of 0.98. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $186.37 million. During the same period in the prior year, the company posted $0.68 EPS. The company’s revenue was down 11.6% compared to the same quarter last year. Sell-side analysts predict that National Storage Affiliates Trust will post 2.39 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Truist Financial upped their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Evercore ISI raised their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday. Barclays boosted their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 22nd. Citigroup raised their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, KeyCorp cut National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a report on Monday, September 9th. Three equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. According to MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Hold” and an average target price of $40.06.

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.