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

TimesSquare Capital Management LLC lowered its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 6.2% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 713,952 shares of the real estate investment trust’s stock after selling 46,961 shares during the quarter. TimesSquare Capital Management LLC owned about 0.93% of National Storage Affiliates Trust worth $21,576,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NSA. Aberdeen Group plc lifted its stake in shares of National Storage Affiliates Trust by 13.8% in the third quarter. Aberdeen Group plc now owns 23,773 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 2,889 shares during the last quarter. Metis Global Partners LLC raised its holdings in National Storage Affiliates Trust by 36.5% in the 3rd quarter. Metis Global Partners LLC now owns 15,865 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 4,242 shares during the period. Stratos Wealth Partners LTD. acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth $687,000. Navellier & Associates Inc. boosted its holdings in National Storage Affiliates Trust by 24.2% during the third quarter. Navellier & Associates Inc. now owns 15,087 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 2,941 shares during the period. Finally, Western Wealth Management LLC bought a new stake in National Storage Affiliates Trust during the third quarter valued at about $287,000. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NSA shares. Mizuho boosted their price objective on National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. KeyCorp reaffirmed a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Truist Financial raised their price objective on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research note on Tuesday, January 20th. Finally, Wall Street Zen raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Ten research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus target price of $32.30.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $33.46 on Monday. The firm has a market capitalization of $2.57 billion, a PE ratio of 54.85 and a beta of 1.19. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $40.62. The business’s 50 day moving average is $30.72 and its 200-day moving average is $30.60.

National Storage Affiliates Trust Announces Dividend

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