TimesSquare Capital Management LLC Sells 310,200 Shares of National Storage Affiliates Trust (NYSE:NSA)

TimesSquare Capital Management LLC cut its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 27.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 800,584 shares of the real estate investment trust's stock after selling 310,200 shares during the quarter. TimesSquare Capital Management LLC owned approximately 1.05% of National Storage Affiliates Trust worth $31,543,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Fourth Dimension Wealth LLC bought a new position in shares of National Storage Affiliates Trust during the fourth quarter worth about $28,000. Quarry LP increased its position in 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 purchasing an additional 756 shares during the period. GF Fund Management CO. LTD. bought a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $50,000. Parallel Advisors LLC raised its holdings in 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 worth $67,000 after purchasing an additional 598 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of National Storage Affiliates Trust by 279.8% in the 1st quarter. Blue Trust Inc. now owns 1,732 shares of the real estate investment trust's stock worth $68,000 after purchasing an additional 1,276 shares during the period. Institutional investors own 99.97% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on NSA shares. BNP Paribas upgraded shares of National Storage Affiliates Trust to a "strong sell" rating in a research report on Tuesday, June 24th. Wall Street Zen lowered National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Morgan Stanley downgraded National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective on the stock. in a research note on Tuesday, May 27th. BNP Paribas Exane initiated coverage on National Storage Affiliates Trust in a research report on Tuesday, June 24th. They set an "underperform" rating and a $33.00 target price on the stock. Finally, Truist Financial set a $37.00 target price on National Storage Affiliates Trust and gave the stock a "hold" rating in a report on Monday, May 19th. 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 stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of "Hold" and an average target price of $38.63.

National Storage Affiliates Trust Stock Down 1.9%

National Storage Affiliates Trust stock traded down $0.59 during mid-day trading on Thursday, reaching $31.43. The stock had a trading volume of 1,227,790 shares, compared to its average volume of 734,233. The firm has a market capitalization of $2.40 billion, a PE ratio of 53.26 and a beta of 1.12. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The stock's 50-day simple moving average is $33.51 and its 200-day simple moving average is $35.86. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.22 and a current ratio of 0.22.

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

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 13th were issued a $0.57 dividend. The ex-dividend date was Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 7.26%. National Storage Affiliates Trust's dividend payout ratio is presently 386.44%.

National Storage Affiliates Trust 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.