TimesSquare Capital Management LLC Sells 11,440 Shares of National Storage Affiliates Trust (NYSE:NSA)

TimesSquare Capital Management LLC lessened its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 917,875 shares of the real estate investment trust’s stock after selling 11,440 shares during the period. TimesSquare Capital Management LLC owned 1.10% of National Storage Affiliates Trust worth $38,064,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Oppenheimer Asset Management Inc. increased its holdings in shares of National Storage Affiliates Trust by 30.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 71,581 shares of the real estate investment trust’s stock valued at $2,272,000 after acquiring an additional 16,608 shares in the last quarter. Whittier Trust Co. increased its position in shares of National Storage Affiliates Trust by 3,949.9% during the fourth quarter. Whittier Trust Co. now owns 126,721 shares of the real estate investment trust’s stock valued at $5,255,000 after acquiring an additional 123,592 shares in the last quarter. Louisiana State Employees Retirement System bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $900,000. Massachusetts Financial Services Co. MA raised its holdings in National Storage Affiliates Trust by 5.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,259,860 shares of the real estate investment trust’s stock worth $39,988,000 after acquiring an additional 64,920 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in National Storage Affiliates Trust in the 4th quarter valued at approximately $304,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA traded up $0.72 during mid-day trading on Thursday, reaching $36.87. The company’s stock had a trading volume of 347,414 shares, compared to its average volume of 788,312. The stock has a fifty day moving average of $36.87 and a two-hundred day moving average of $36.29. The firm has a market capitalization of $2.76 billion, a PE ratio of 18.93 and a beta of 0.87. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $42.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.01 and a quick ratio of 1.01.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.61 by $0.04. The business had revenue of $196.15 million for the quarter, compared to analysts’ expectations of $191.70 million. National Storage Affiliates Trust had a net margin of 22.07% and a return on equity of 10.30%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.66 EPS. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.5 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.56 dividend. The ex-dividend date was Thursday, March 14th. This represents a $2.24 dividend on an annualized basis and a yield of 6.08%. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

Wall Street Analyst Weigh In

Several research firms recently commented on NSA. Barclays initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $39.00 price objective on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 30th. They set a “sell” rating and a $33.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $36.44.

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.