Wesbanco Bank Inc. Has $671,000 Stake in National Storage Affiliates Trust (NYSE:NSA)

Wesbanco Bank Inc. reduced its stake in National Storage Affiliates Trust (NYSE:NSA) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund 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.

A number of other large investors have also recently added to or reduced their stakes in NSA. Loomis Sayles & Co. L P bought a new position in shares of National Storage Affiliates Trust in the third quarter valued at approximately $25,000. Versant Capital Management Inc grew its stake in National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 514 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in National Storage Affiliates Trust in the 3rd quarter worth $29,000. Northwestern Mutual Wealth Management Co. acquired a new position in National Storage Affiliates Trust during the 2nd quarter worth $33,000. Finally, Bellevue Asset Management LLC acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth $39,000. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Up 0.7 %

NSA opened at $36.38 on Friday. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44. The company has a market capitalization of $2.77 billion, a P/E ratio of 21.28 and a beta of 1.03. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s fifty day moving average price is $40.26 and its two-hundred day moving average price is $43.05.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The business 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 in the previous year, the firm earned $0.67 EPS. On average, analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NSA shares. Robert W. Baird boosted their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company upped their price target on 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 objective on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.06.

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 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.