TimesSquare Capital Management LLC Sells 46,961 Shares of National Storage Affiliates Trust $NSA

TimesSquare Capital Management LLC reduced its stake in National Storage Affiliates Trust (NYSE:NSA) by 6.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 713,952 shares of the real estate investment trust’s stock after selling 46,961 shares during the period. TimesSquare Capital Management LLC’s holdings in National Storage Affiliates Trust were worth $21,576,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Peregrine Capital Management LLC increased its holdings in shares of National Storage Affiliates Trust by 7.0% in the second quarter. Peregrine Capital Management LLC now owns 147,013 shares of the real estate investment trust’s stock valued at $4,703,000 after purchasing an additional 9,593 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of National Storage Affiliates Trust by 258.0% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 118,476 shares of the real estate investment trust’s stock worth $3,580,000 after acquiring an additional 85,382 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of National Storage Affiliates Trust during the second quarter valued at $1,167,000. Norges Bank bought a new position in National Storage Affiliates Trust in the second quarter valued at about $21,991,000. Finally, OVERSEA CHINESE BANKING Corp Ltd boosted its stake in National Storage Affiliates Trust by 35.6% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 122,774 shares of the real estate investment trust’s stock valued at $3,710,000 after acquiring an additional 32,252 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on NSA shares. Wolfe Research upgraded National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Mizuho increased their target price on National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. National Bank Financial set a $32.00 target price on National Storage Affiliates Trust in a report on Friday, December 5th. Wall Street Zen raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Ten investment analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $32.30.

National Storage Affiliates Trust Stock Up 1.2%

Shares of National Storage Affiliates Trust stock opened at $33.46 on Monday. The company has a market capitalization of $2.57 billion, a P/E ratio of 54.85 and a beta of 1.19. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25. The business has a 50-day moving average of $30.72 and a two-hundred day moving average of $30.60. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $40.62.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be paid a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.8%. National Storage Affiliates Trust’s payout ratio is presently 373.77%.

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.