National Storage Affiliates Trust $NSA Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its holdings in National Storage Affiliates Trust (NYSE:NSA) by 70.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,233 shares of the real estate investment trust’s stock after selling 81,461 shares during the quarter. Sei Investments Co.’s holdings in National Storage Affiliates Trust were worth $1,292,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. First Trust Advisors LP boosted its position in shares of National Storage Affiliates Trust by 4.3% in the first quarter. First Trust Advisors LP now owns 12,885 shares of the real estate investment trust’s stock worth $486,000 after acquiring an additional 535 shares during the last quarter. PNC Financial Services Group Inc. increased its position in National Storage Affiliates Trust by 31.0% during the first quarter. PNC Financial Services Group Inc. now owns 4,759 shares of the real estate investment trust’s stock worth $180,000 after purchasing an additional 1,126 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in National Storage Affiliates Trust by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 1,059,479 shares of the real estate investment trust’s stock worth $39,983,000 after purchasing an additional 5,396 shares during the period. Parallel Advisors LLC boosted its holdings in shares of National Storage Affiliates Trust by 24.9% in the 1st quarter. Parallel Advisors LLC now owns 3,892 shares of the real estate investment trust’s stock valued at $147,000 after purchasing an additional 776 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in shares of National Storage Affiliates Trust by 30.6% during the 1st quarter. Jennison Associates LLC now owns 1,274,412 shares of the real estate investment trust’s stock valued at $48,096,000 after buying an additional 298,602 shares during the period. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on NSA. Truist Financial upped their price target on 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. Citigroup raised their price target on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a report on Tuesday, May 12th. UBS Group increased their price objective on shares of National Storage Affiliates Trust from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, July 10th. Weiss Ratings raised shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Evercore set a $46.00 price objective on National Storage Affiliates Trust and gave the stock a “cautious” rating in a research note on Monday, July 6th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Reduce” and an average price target of $39.06.

National Storage Affiliates Trust Price Performance

NSA opened at $43.41 on Wednesday. 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’s 50-day moving average price is $44.32 and its 200 day moving average price is $40.23. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $46.47. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 57.88 and a beta of 1.03.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 21st were given a dividend of $0.0336 per share. The ex-dividend date was Tuesday, July 21st. National Storage Affiliates Trust’s payout ratio is currently 304.00%.

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.