Sequoia Financial Advisors LLC Takes Position in National Storage Affiliates Trust $NSA

Sequoia Financial Advisors LLC bought a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 12,838 shares of the real estate investment trust’s stock, valued at approximately $362,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp boosted its stake in shares of National Storage Affiliates Trust by 258.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 118,476 shares of the real estate investment trust’s stock valued at $3,580,000 after buying an additional 85,382 shares during the last quarter. Citigroup Inc. raised its position in shares of National Storage Affiliates Trust by 19.2% during the 3rd quarter. Citigroup Inc. now owns 253,962 shares of the real estate investment trust’s stock valued at $7,675,000 after acquiring an additional 40,871 shares in the last quarter. Irenic Capital Management LP acquired a new stake in shares of National Storage Affiliates Trust during the 3rd quarter valued at approximately $12,173,000. Hudson Bay Capital Management LP acquired a new stake in shares of National Storage Affiliates Trust during the 3rd quarter valued at approximately $33,082,000. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of National Storage Affiliates Trust during the 3rd quarter valued at approximately $9,293,000. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on NSA. Wolfe Research raised National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Wells Fargo & Company dropped their target price on National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating on the stock in a research report on Thursday, February 5th. BNP Paribas Exane raised National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price target for the company in a research note on Monday, March 16th. Barclays increased their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Finally, Truist Financial increased their price target on 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. Thirteen equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust currently has an average rating of “Reduce” and an average price target of $35.97.

National Storage Affiliates Trust Trading Up 1.2%

Shares of NSA stock opened at $41.50 on Tuesday. The stock has a 50-day simple moving average of $39.85 and a 200 day simple moving average of $34.06. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $44.01. The stock has a market capitalization of $3.20 billion, a P/E ratio of 55.33 and a beta of 1.07. 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 (NYSE:NSA) last announced its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.38). National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The firm had revenue of $185.40 million for the quarter, compared to the consensus estimate of $181.69 million. During the same period in the prior year, the business earned $0.54 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts expect that National Storage Affiliates Trust will post 2.21 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

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

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.