National Storage Affiliates Trust $NSA Holdings Reduced by Sei Investments Co.

Sei Investments Co. lowered its position in National Storage Affiliates Trust (NYSE:NSA) by 70.4% during the 1st quarter, Holdings Channel.com reports. 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cohen & Steers Inc. increased its holdings in shares of National Storage Affiliates Trust by 145.6% during the fourth quarter. Cohen & Steers Inc. now owns 2,161,651 shares of the real estate investment trust’s stock valued at $60,980,000 after purchasing an additional 1,281,337 shares during the period. Rush Island Management LP acquired a new position in National Storage Affiliates Trust during the 4th quarter valued at about $33,788,000. Freestone Grove Partners LP raised its position in shares of National Storage Affiliates Trust by 7,053.7% during the 4th quarter. Freestone Grove Partners LP now owns 1,000,091 shares of the real estate investment trust’s stock worth $28,213,000 after buying an additional 986,111 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its stake in shares of National Storage Affiliates Trust by 723.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock worth $32,261,000 after acquiring an additional 937,939 shares during the period. Finally, Conversant Capital LLC bought a new position in shares of National Storage Affiliates Trust in the fourth quarter valued at approximately $21,863,000. 99.97% of the stock is owned by institutional investors.

National Storage Affiliates Trust Stock Performance

NYSE: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. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $46.47. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 57.88 and a beta of 1.03. The stock has a fifty day simple moving average of $44.32 and a 200 day simple moving average of $40.23.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a special dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 21st were issued a $0.0336 dividend. The ex-dividend date was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 304.00%.

Wall Street Analyst Weigh In

NSA has been the topic of several recent analyst reports. Weiss Ratings raised National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Truist Financial raised their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Barclays upped their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Citigroup lifted their price objective on shares of 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. Finally, UBS Group increased their target price on shares of National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, National Storage Affiliates Trust presently has an average rating of “Reduce” and an average price target of $39.06.

About National Storage Affiliates Trust

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.