Allianz Asset Management GmbH Sells 47,180 Shares of National Storage Affiliates Trust $NSA

Allianz Asset Management GmbH reduced its stake in National Storage Affiliates Trust (NYSE:NSA) by 22.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,918 shares of the real estate investment trust’s stock after selling 47,180 shares during the period. Allianz Asset Management GmbH’s holdings in National Storage Affiliates Trust were worth $5,244,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in NSA. Nuveen LLC bought a new position in National Storage Affiliates Trust in the 1st quarter worth about $23,134,000. MetLife Investment Management LLC grew its stake in National Storage Affiliates Trust by 630.5% in the 1st quarter. MetLife Investment Management LLC now owns 303,860 shares of the real estate investment trust’s stock worth $11,972,000 after acquiring an additional 262,265 shares in the last quarter. Peregrine Capital Management LLC grew its stake in National Storage Affiliates Trust by 47,286.2% in the 1st quarter. Peregrine Capital Management LLC now owns 137,420 shares of the real estate investment trust’s stock worth $5,414,000 after acquiring an additional 137,130 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in National Storage Affiliates Trust in the 1st quarter worth about $5,165,000. Finally, Sound Income Strategies LLC grew its stake in National Storage Affiliates Trust by 62.7% in the 2nd quarter. Sound Income Strategies LLC now owns 232,011 shares of the real estate investment trust’s stock worth $7,422,000 after acquiring an additional 89,453 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Price Performance

Shares of NSA opened at $32.34 on Thursday. The company has a 50 day moving average price of $31.20 and a 200-day moving average price of $32.73. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $46.07. The stock has a market capitalization of $2.48 billion, a PE ratio of 52.16 and a beta of 1.08. The company has a debt-to-equity ratio of 2.62, a quick ratio of 0.30 and a current ratio of 0.30.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The firm had revenue of $188.84 million for the quarter, compared to analysts’ expectations of $185.91 million. During the same period in the previous year, the company earned $0.21 EPS. The company’s revenue was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Equities analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, September 15th. This represents a $2.28 dividend on an annualized basis and a yield of 7.0%. National Storage Affiliates Trust’s dividend payout ratio is presently 367.74%.

Analysts Set New Price Targets

NSA has been the topic of a number of research analyst reports. UBS Group dropped their target price on shares of National Storage Affiliates Trust from $39.00 to $32.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Wall Street Zen cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Sunday. Robert W. Baird lowered their price target on shares of National Storage Affiliates Trust from $39.00 to $34.00 and set a “neutral” rating for the company in a research report on Tuesday, August 12th. Barclays lowered their price target on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Friday, August 8th. Finally, Zacks Research cut shares of National Storage Affiliates Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 15th. Seven investment analysts have rated the stock with a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $33.64.

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.