Allianz Asset Management GmbH Sells 47,180 Shares of National Storage Affiliates Trust $NSA

Allianz Asset Management GmbH trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 22.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,918 shares of the real estate investment trust’s stock after selling 47,180 shares during the period. Allianz Asset Management GmbH owned 0.21% of National Storage Affiliates Trust worth $5,244,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. raised its position in shares of National Storage Affiliates Trust by 71.9% during the 2nd quarter. UMB Bank n.a. now owns 906 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 379 shares during the period. Advisors Asset Management Inc. bought a new stake in shares of National Storage Affiliates Trust during the 1st quarter valued at $32,000. Jones Financial Companies Lllp raised its position in shares of National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares during the period. GAMMA Investing LLC increased its holdings in National Storage Affiliates Trust by 21.4% in the 2nd quarter. GAMMA Investing LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 308 shares during the last quarter. Finally, Brooklyn Investment Group increased its holdings in National Storage Affiliates Trust by 6,617.4% in the 1st quarter. Brooklyn Investment Group now owns 1,545 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 1,522 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA opened at $32.34 on Thursday. National Storage Affiliates Trust has a 52 week low of $28.02 and a 52 week high of $46.07. The stock has a market capitalization of $2.48 billion, a P/E ratio of 52.16 and a beta of 1.08. The firm has a fifty day simple moving average of $31.20 and a two-hundred day simple moving average of $32.73. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a return on equity of 4.91% and a net margin of 8.92%.The firm had revenue of $188.84 million for the quarter, compared to analysts’ expectations of $185.91 million. During the same period in the prior year, the firm posted $0.21 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.0%. National Storage Affiliates Trust’s payout ratio is currently 367.74%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NSA. Evercore ISI lifted their price target on shares of National Storage Affiliates Trust from $31.00 to $32.00 and gave the company an “underperform” rating in a report on Monday, September 15th. Robert W. Baird reduced their price target on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, August 12th. Zacks Research downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. UBS Group dropped their price objective on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Wednesday, October 8th. Seven equities research analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $33.64.

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.