TimesSquare Capital Management LLC Sells 56,270 Shares of National Storage Affiliates Trust (NYSE:NSA)

TimesSquare Capital Management LLC reduced its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 795,310 shares of the real estate investment trust's stock after selling 56,270 shares during the quarter. TimesSquare Capital Management LLC owned 1.06% of National Storage Affiliates Trust worth $38,334,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Swedbank AB acquired a new position in National Storage Affiliates Trust in the 1st quarter worth $16,056,000. Long Pond Capital LP bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth about $16,198,000. Ontario Teachers Pension Plan Board raised its stake in shares of National Storage Affiliates Trust by 94.0% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 244,300 shares of the real estate investment trust's stock valued at $9,567,000 after purchasing an additional 118,341 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of National Storage Affiliates Trust in the 2nd quarter valued at about $4,534,000. Finally, Leeward Investments LLC MA lifted its holdings in National Storage Affiliates Trust by 30.9% during the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust's stock worth $17,095,000 after buying an additional 97,786 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NSA has been the subject of a number of research analyst reports. Barclays boosted their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an "equal weight" rating in a report on Monday, October 28th. Evercore ISI raised their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an "underperform" rating in a research report on Monday, September 16th. Truist Financial lifted their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a "hold" rating in a report on Friday, August 16th. Citigroup increased their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Finally, Jefferies Financial Group upped their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a "buy" rating in a report on Wednesday, September 18th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $43.17.

National Storage Affiliates Trust Trading Up 1.6 %

Shares of NYSE:NSA traded up $0.69 during mid-day trading on Friday, hitting $43.68. The stock had a trading volume of 437,843 shares, compared to its average volume of 433,613. The company's 50 day moving average is $45.45 and its 200-day moving average is $42.29. National Storage Affiliates Trust has a 12-month low of $29.55 and a 12-month high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market cap of $3.33 billion, a PE ratio of 25.54 and a beta of 0.99.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.42). The business had revenue of $174.80 million for the quarter, compared to analyst estimates of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm's quarterly revenue was down 20.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.67 earnings per share. On average, sell-side analysts predict that National Storage Affiliates Trust will post 2.41 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.56 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 5.13%. National Storage Affiliates Trust's dividend payout ratio is presently 130.99%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.