Heartland Advisors Inc. Sells 164,075 Shares of National Storage Affiliates Trust $NSA

Heartland Advisors Inc. decreased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 25.4% in the fourth quarter, HoldingsChannel reports. The firm owned 482,125 shares of the real estate investment trust’s stock after selling 164,075 shares during the quarter. Heartland Advisors Inc.’s holdings in National Storage Affiliates Trust were worth $13,601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Advisors Asset Management Inc. bought a new position in shares of National Storage Affiliates Trust in the 1st quarter worth approximately $32,000. Jones Financial Companies Lllp raised its position in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares in the last quarter. Parallel Advisors LLC raised its position in shares of National Storage Affiliates Trust by 42.5% in the 3rd 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 in the last quarter. Osaic Holdings Inc. raised its position in shares of National Storage Affiliates Trust by 43.5% in the 2nd 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 in the last quarter. Finally, Global Retirement Partners LLC raised its position in shares of National Storage Affiliates Trust by 247.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,302 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $45.50 on Thursday. 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 market capitalization of $3.51 billion, a P/E ratio of 60.67 and a beta of 1.05. The stock’s 50 day moving average is $42.20 and its 200 day moving average is $35.68. 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 posted its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.38). The company had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.54 EPS. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 5.0%. The ex-dividend date is Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 304.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on NSA shares. Evercore raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Citigroup increased their target price on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. BNP Paribas Exane raised National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 target price for the company in a research report on Monday, March 16th. Weiss Ratings raised National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Barclays increased their target price on 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. Thirteen equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and an average price target of $35.97.

National Storage Affiliates Trust 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.