XML Financial LLC Sells 15,400 Shares of National Storage Affiliates Trust $NSA

XML Financial LLC lowered its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 40.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,400 shares of the real estate investment trust’s stock after selling 15,400 shares during the quarter. XML Financial LLC’s holdings in National Storage Affiliates Trust were worth $632,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of National Storage Affiliates Trust by 159.2% during the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock worth $35,169,000 after acquiring an additional 714,840 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth about $33,082,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of National Storage Affiliates Trust by 723.7% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in National Storage Affiliates Trust by 1.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,058,899 shares of the real estate investment trust’s stock worth $32,000,000 after purchasing an additional 14,128 shares during the period. Finally, UBS Group AG grew its holdings in National Storage Affiliates Trust by 32.8% during the fourth quarter. UBS Group AG now owns 880,134 shares of the real estate investment trust’s stock valued at $24,829,000 after purchasing an additional 217,234 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

NYSE:NSA opened at $43.44 on Monday. The stock has a market cap of $3.35 billion, a P/E ratio of 57.93 and a beta of 1.05. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $44.01. The company has a fifty day moving average price of $41.74 and a 200 day moving average price of $35.34. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $185.40 million during the quarter, compared to analyst estimates of $181.69 million. During the same quarter in the prior year, the company posted $0.54 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Analysts anticipate that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.57 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.2%. National Storage Affiliates Trust’s dividend payout ratio is currently 304.00%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. BNP Paribas Exane upgraded National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price target on the stock in a report on Monday, March 16th. Barclays raised their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Evercore upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Finally, UBS Group lifted their target price on shares of National Storage Affiliates Trust from $29.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Thirteen analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target 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.