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

Oppenheimer Asset Management Inc. raised its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 30.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,581 shares of the real estate investment trust's stock after buying an additional 16,608 shares during the quarter. Oppenheimer Asset Management Inc. owned about 0.08% of National Storage Affiliates Trust worth $2,272,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. raised its position in shares of National Storage Affiliates Trust by 14.6% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,869 shares of the real estate investment trust's stock valued at $368,000 after buying an additional 746 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in shares of National Storage Affiliates Trust by 5.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 4,045 shares of the real estate investment trust's stock valued at $254,000 after purchasing an additional 205 shares during the last quarter. AlphaCrest Capital Management LLC bought a new stake in shares of National Storage Affiliates Trust in the 1st quarter valued at approximately $227,000. Bank of Montreal Can boosted its holdings in shares of National Storage Affiliates Trust by 64.4% in the 1st quarter. Bank of Montreal Can now owns 36,028 shares of the real estate investment trust's stock worth $2,298,000 after purchasing an additional 14,107 shares during the period. Finally, Rhumbline Advisers increased its position in shares of National Storage Affiliates Trust by 2.7% during the 1st quarter. Rhumbline Advisers now owns 236,485 shares of the real estate investment trust's stock valued at $14,842,000 after purchasing an additional 6,140 shares during the last quarter. Institutional investors own 83.63% of the company's stock.

Insider Buying and Selling at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, insider Arlen Dale Nordhagen purchased 10,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average price of $35.92 per share, with a total value of $359,200.00. Following the transaction, the insider now owns 4,029,626 shares of the company's stock, valued at $144,744,165.92. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 13.00% of the company's stock.

Analysts Set New Price Targets

NSA has been the subject of several recent analyst reports. StockNews.com raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating in a research note on Saturday, December 23rd. Truist Financial lifted their price target on shares of National Storage Affiliates Trust from $35.00 to $37.00 and gave the stock a "hold" rating in a research note on Thursday, December 28th. KeyCorp upgraded shares of National Storage Affiliates Trust from a "sector weight" rating to an "overweight" rating and set a $45.00 price target on the stock in a report on Friday, January 5th. Evercore ISI reissued an "underperform" rating and issued a $35.00 price objective (up previously from $32.00) on shares of National Storage Affiliates Trust in a research note on Monday, December 11th. Finally, Wells Fargo & Company upped their target price on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an "underweight" rating in a research note on Tuesday, December 12th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $36.33.

National Storage Affiliates Trust Price Performance

NSA opened at $36.46 on Tuesday. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 7.82 and a beta of 0.85. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 2.12. National Storage Affiliates Trust has a 12-month low of $27.86 and a 12-month high of $44.78. The business's fifty day simple moving average is $38.47 and its 200-day simple moving average is $34.48.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 6.14%. The ex-dividend date was Thursday, December 14th. National Storage Affiliates Trust's payout ratio is 205.51%.

National Storage Affiliates Trust Company 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 September 30, 2023, the Company held ownership interests in and operated 1,119 self storage properties located in 42 states and Puerto Rico with approximately 73.0 million rentable square feet.

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