Hudson Edge Investment Partners Inc. Decreases Stock Holdings in National Storage Affiliates Trust $NSA

Hudson Edge Investment Partners Inc. reduced its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 78.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,221 shares of the real estate investment trust’s stock after selling 15,657 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in National Storage Affiliates Trust were worth $159,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Irenic Capital Management LP acquired a new position in National Storage Affiliates Trust during the third quarter worth $12,173,000. Hudson Bay Capital Management LP purchased a new stake in National Storage Affiliates Trust in the 3rd quarter valued at $33,082,000. Lighthouse Investment Partners LLC acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter worth $9,293,000. Charles Schwab Investment Management Inc. increased its stake in shares of National Storage Affiliates Trust by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,095,158 shares of the real estate investment trust’s stock worth $30,894,000 after acquiring an additional 48,418 shares during the last quarter. Finally, Exchange Traded Concepts LLC raised its holdings in shares of National Storage Affiliates Trust by 664.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 185,423 shares of the real estate investment trust’s stock worth $5,231,000 after acquiring an additional 161,179 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of National Storage Affiliates Trust from $29.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Evercore raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Truist Financial increased their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Finally, BNP Paribas Exane upgraded shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price target for the company in a report on Monday, March 16th. Thirteen investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Reduce” and an average target price of $37.06.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $45.98 on Friday. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $46.47. The stock’s fifty day moving average is $43.56 and its two-hundred day moving average is $37.48. The company has a market capitalization of $3.55 billion, a P/E ratio of 61.30 and a beta of 1.03. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). The business had revenue of $185.40 million for 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 revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. Equities analysts expect that National Storage Affiliates Trust will post 2.22 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

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

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.