TimesSquare Capital Management LLC Cuts Holdings in National Storage Affiliates Trust $NSA

TimesSquare Capital Management LLC trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 3.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 689,692 shares of the real estate investment trust’s stock after selling 24,260 shares during the quarter. TimesSquare Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $19,456,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new stake in National Storage Affiliates Trust during the 1st quarter valued at $32,000. Jones Financial Companies Lllp boosted its stake in National Storage Affiliates Trust by 81.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 586 shares during the last quarter. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth $41,000. Parallel Advisors LLC boosted its stake in shares of National Storage Affiliates Trust by 42.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 424 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of National Storage Affiliates Trust by 33.9% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,131 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 539 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $41.68 on Wednesday. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $44.01. The stock’s fifty day moving average is $40.00 and its 200 day moving average is $34.14. The stock has a market cap of $3.22 billion, a P/E ratio of 55.58 and a beta of 1.07. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.29 and a current ratio of 0.29.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $181.69 million. During the same period in the prior year, the business posted $0.54 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.21 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend is Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 304.00%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wall Street Zen downgraded National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Citigroup raised their price target on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. UBS Group raised 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. Evercore upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Finally, Wolfe Research upgraded National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Thirteen equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $35.97.

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.