Wesbanco Bank Inc. Sells 500 Shares of National Storage Affiliates Trust (NYSE:NSA)

Wesbanco Bank Inc. trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 2.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,700 shares of the real estate investment trust’s stock after selling 500 shares during the quarter. Wesbanco Bank Inc.’s holdings in National Storage Affiliates Trust were worth $671,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of NSA. Loomis Sayles & Co. L P acquired a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth approximately $25,000. Versant Capital Management Inc boosted its stake in National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in shares of National Storage Affiliates Trust during the third quarter worth $29,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of National Storage Affiliates Trust in the second quarter valued at $33,000. Finally, Bellevue Asset Management LLC bought a new position in shares of National Storage Affiliates Trust in the third quarter valued at about $39,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 0.7 %

Shares of National Storage Affiliates Trust stock opened at $36.38 on Friday. The business has a fifty day simple moving average of $40.26 and a 200 day simple moving average of $43.05. The stock has a market cap of $2.77 billion, a PE ratio of 21.28 and a beta of 1.03. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 12 month low of $34.50 and a 12 month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results 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 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 business’s revenue was down 20.2% compared to the same quarter last year. During the same period last year, the company earned $0.67 earnings per share. Research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a $0.57 dividend. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. This represents a $2.28 annualized dividend and a dividend yield of 6.27%. The ex-dividend date was Friday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is 133.33%.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company increased their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Barclays lowered their price target on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Finally, Robert W. Baird lifted their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $43.06.

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.