Heartland Advisors Inc. Lowers Stake in National Storage Affiliates Trust $NSA

Heartland Advisors Inc. cut its holdings in National Storage Affiliates Trust (NYSE:NSA) by 58.5% during the first quarter, HoldingsChannel reports. The firm owned 200,000 shares of the real estate investment trust’s stock after selling 282,125 shares during the period. Heartland Advisors Inc.’s holdings in National Storage Affiliates Trust were worth $7,548,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Advisors Asset Management Inc. purchased a new position in National Storage Affiliates Trust during the 1st quarter worth $32,000. UMB Bank n.a. boosted its holdings in shares of National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 975 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 821 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of National Storage Affiliates Trust by 42.5% during the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 424 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of National Storage Affiliates Trust by 43.5% during the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 541 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $44.55 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02. The company has a market capitalization of $3.44 billion, a P/E ratio of 59.40 and a beta of 1.03. The firm has a 50-day moving average price of $43.99 and a two-hundred day moving average price of $38.65. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $46.47.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.38). The business had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The firm’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. As a group, research analysts expect that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a special dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 21st will be paid a $0.0336 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio is presently 304.00%.

Analyst Ratings Changes

NSA has been the subject of a number of analyst reports. Weiss Ratings raised National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Citigroup lifted their price target on National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Evercore set a $46.00 price objective on National Storage Affiliates Trust and gave the stock a “cautious” rating in a research report on Monday, July 6th. Barclays boosted their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, Truist Financial upped their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. Twelve analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Reduce” and an average price target of $38.60.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.