National Storage Affiliates Trust $NSA Shares Sold by Sound Income Strategies LLC

Sound Income Strategies LLC decreased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 13.6% during the first quarter, Holdings Channel.com reports. The firm owned 155,041 shares of the real estate investment trust’s stock after selling 24,431 shares during the period. Sound Income Strategies LLC’s holdings in National Storage Affiliates Trust were worth $5,971,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in NSA. Rockefeller Capital Management L.P. boosted its holdings in National Storage Affiliates Trust by 2.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 13,686 shares of the real estate investment trust’s stock worth $386,000 after buying an additional 336 shares in the last quarter. California State Teachers Retirement System increased its holdings in National Storage Affiliates Trust by 0.6% in the second quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock valued at $2,132,000 after buying an additional 392 shares in the last quarter. Parallel Advisors LLC increased its holdings in National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 424 shares in the last quarter. IFP Advisors Inc raised its position in shares of National Storage Affiliates Trust by 12.7% in the fourth quarter. IFP Advisors Inc now owns 4,531 shares of the real estate investment trust’s stock worth $128,000 after acquiring an additional 511 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of National Storage Affiliates Trust by 33.9% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,131 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 539 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Up 1.7%

NSA opened at $45.98 on Friday. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $46.47. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. The company has a 50-day moving average price of $43.49 and a 200 day moving average price of $37.42. The company has a market cap of $3.55 billion, a PE ratio of 61.30 and a beta of 1.03.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data 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). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm had revenue of $185.40 million during the quarter, compared to analyst estimates of $181.69 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. The company’s quarterly revenue was down 1.6% on a year-over-year basis. Sell-side analysts expect that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 304.00%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Evercore upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Barclays raised their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Citigroup boosted their price objective on National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. BNP Paribas Exane upgraded National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 target price on the stock in a research report on Monday, March 16th. Finally, UBS Group lifted their price target on shares of National Storage Affiliates Trust from $29.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Thirteen research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $37.06.

National Storage Affiliates Trust Company Profile

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.