Pasadena Private Wealth LLC Sells 13,940 Shares of National Storage Affiliates Trust $NSA

Pasadena Private Wealth LLC lowered its stake in National Storage Affiliates Trust (NYSE:NSA) by 64.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 7,524 shares of the real estate investment trust’s stock after selling 13,940 shares during the period. Pasadena Private Wealth LLC’s holdings in National Storage Affiliates Trust were worth $212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Advisors Asset Management Inc. bought a new stake in National Storage Affiliates Trust in the first quarter valued at approximately $32,000. Jones Financial Companies Lllp lifted its position in National Storage Affiliates Trust by 81.8% in the third quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 586 shares during the last quarter. Parallel Advisors LLC lifted its position in National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 424 shares during the last quarter. Global Retirement Partners LLC lifted its position in National Storage Affiliates Trust by 247.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,302 shares during the last quarter. Finally, Rothschild Investment LLC lifted its position in National Storage Affiliates Trust by 37.6% in the fourth quarter. Rothschild Investment LLC now owns 2,001 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 547 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NSA. UBS Group boosted their target price on National Storage Affiliates Trust from $29.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Evercore raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Weiss Ratings raised National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Wells Fargo & Company reduced 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 note on Thursday, February 5th. Finally, Citigroup boosted their target price on National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Thirteen equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $35.97.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $42.63 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02. The firm has a market capitalization of $3.29 billion, a P/E ratio of 56.84 and a beta of 1.07. The business has a fifty day simple moving average of $41.27 and a two-hundred day simple moving average of $34.84. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $44.01.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 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 for the quarter, compared to the consensus estimate of $181.69 million. During the same quarter last year, the firm posted $0.54 EPS. The business’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.21 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Monday, June 15th. National Storage Affiliates Trust’s payout ratio is 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.