Allianz Asset Management GmbH Has $8.32 Million Stake in National Storage Affiliates Trust (NYSE:NSA)

Key Points

• Allianz Asset Management GmbH reduced its stake in National Storage Affiliates Trust by 13.5%, now holding approximately $8.32 million worth of shares.
• National Storage Affiliates Trust announced a $0.57 quarterly dividend, reflecting a yield of 7.27% and a high dividend payout ratio of 386.44%.
• The company's recent earnings report showed an EPS of $0.54, which fell short of analyst expectations, alongside a 4.0% year-over-year revenue decline.

Allianz Asset Management GmbH trimmed its position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 211,098 shares of the real estate investment trust's stock after selling 32,959 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.28% of National Storage Affiliates Trust worth $8,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in NSA. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $28,000. Quarry LP lifted its holdings in shares of National Storage Affiliates Trust by 444.7% during the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 756 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter valued at about $50,000. Parallel Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 53.9% during the 1st quarter. Parallel Advisors LLC now owns 1,708 shares of the real estate investment trust's stock valued at $67,000 after buying an additional 598 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in shares of National Storage Affiliates Trust by 279.8% during the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust's stock valued at $68,000 after buying an additional 1,276 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NSA has been the subject of several research reports. Mizuho assumed coverage on National Storage Affiliates Trust in a report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price target for the company. BNP Paribas upgraded National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. Wall Street Zen lowered National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Friday, June 27th. Morgan Stanley lowered National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 target price for the company. in a report on Tuesday, May 27th. Finally, BNP Paribas Exane assumed coverage on National Storage Affiliates Trust in a report on Tuesday, June 24th. They issued an "underperform" rating and a $33.00 target price for the company. Six analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust has an average rating of "Hold" and a consensus price target of $38.38.

National Storage Affiliates Trust Trading Down 0.3%

Shares of NSA stock opened at $31.37 on Friday. National Storage Affiliates Trust has a 1 year low of $30.88 and a 1 year high of $49.44. The firm's fifty day simple moving average is $33.01 and its 200 day simple moving average is $35.60. The firm has a market capitalization of $2.40 billion, a P/E ratio of 53.16 and a beta of 1.12. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 2.54.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The company had revenue of $188.35 million for the quarter, compared to the consensus estimate of $184.65 million. During the same period last year, the firm posted $0.60 EPS. The company's revenue was down 4.0% compared to the same quarter last year. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 7.27%. The ex-dividend date of this dividend was Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is currently 386.44%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.

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