Hancock Whitney Corp Raises Position in National Storage Affiliates Trust $NSA

Key Points

• Hancock Whitney Corp increased its stake in National Storage Affiliates Trust by 6.2%, owning approximately 206,318 shares valued at $8.13 million after additional purchases.
• National Storage Affiliates Trust reported an EPS of $0.55, missing the consensus estimate by $0.03, with a revenue of $188.84 million for the last quarter.
• The trust declared a quarterly dividend of $0.57 per share, resulting in an annualized dividend of $2.28, giving a yield of 7.1%.

Hancock Whitney Corp boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 6.2% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 206,318 shares of the real estate investment trust's stock after buying an additional 12,038 shares during the period. Hancock Whitney Corp owned approximately 0.27% of National Storage Affiliates Trust worth $8,129,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Nuveen LLC bought a new stake in shares of National Storage Affiliates Trust during the first quarter worth $23,134,000. Woodline Partners LP purchased a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at $11,464,000. MetLife Investment Management LLC increased its position in National Storage Affiliates Trust by 630.5% during the 1st quarter. MetLife Investment Management LLC now owns 303,860 shares of the real estate investment trust's stock valued at $11,972,000 after purchasing an additional 262,265 shares during the period. Northern Trust Corp raised its stake in National Storage Affiliates Trust by 30.7% in the fourth quarter. Northern Trust Corp now owns 1,078,877 shares of the real estate investment trust's stock worth $40,900,000 after buying an additional 253,176 shares in the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of National Storage Affiliates Trust by 17,179.8% in the 1st quarter. Sound Income Strategies LLC now owns 142,558 shares of the real estate investment trust's stock worth $5,617,000 after acquiring an additional 141,733 shares in the last quarter. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $32.19 on Thursday. National Storage Affiliates Trust has a 52 week low of $28.02 and a 52 week high of $49.44. The business's 50 day moving average price is $31.38 and its 200 day moving average price is $34.42. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. The firm has a market cap of $2.47 billion, a P/E ratio of 51.92 and a beta of 1.09.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03). The business had revenue of $188.84 million for the quarter, compared to analyst estimates of $185.91 million. National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The business's revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.21 earnings per share. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Monday, September 15th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 367.74%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Wall Street Zen downgraded National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 30th. BNP Paribas Exane initiated coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, June 24th. They set an "underperform" rating and a $33.00 price objective for the company. BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a research note on Tuesday, June 24th. Robert W. Baird reduced their price target on National Storage Affiliates Trust from $39.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, August 12th. Finally, Barclays decreased their price objective on National Storage Affiliates Trust from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust has a consensus rating of "Reduce" and a consensus price target of $36.45.

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.

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