TimesSquare Capital Management LLC Sells 24,260 Shares of National Storage Affiliates Trust $NSA

TimesSquare Capital Management LLC lowered its position in National Storage Affiliates Trust (NYSE:NSA) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 689,692 shares of the real estate investment trust’s stock after selling 24,260 shares during the period. TimesSquare Capital Management LLC owned 0.90% of National Storage Affiliates Trust worth $19,456,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NSA. Royal Bank of Canada raised its position in shares of National Storage Affiliates Trust by 0.8% in the 1st quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock worth $4,345,000 after acquiring an additional 898 shares in the last quarter. 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. Goldman Sachs Group Inc. raised its position in shares of National Storage Affiliates Trust by 42.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock worth $3,637,000 after acquiring an additional 27,546 shares in the last quarter. Finally, Empowered Funds LLC raised its position in shares of National Storage Affiliates Trust by 2.0% in the 1st quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock worth $2,420,000 after acquiring an additional 1,209 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 $41.68 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 has a market capitalization of $3.22 billion, a P/E ratio of 55.58 and a beta of 1.07. The stock’s 50 day moving average is $40.00 and its 200 day moving average is $34.14. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $44.01.

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). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The company had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. During the same quarter in the previous year, the company earned $0.54 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities research analysts predict that National Storage Affiliates Trust will post 2.21 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

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 5.5%. The ex-dividend date is Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 304.00%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial increased their target price on National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. 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. Wolfe Research raised National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Evercore raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, UBS Group upped their price target on National Storage Affiliates Trust from $29.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday. Thirteen analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, National Storage Affiliates Trust has an average rating of “Reduce” and an average target price 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.