Allianz Asset Management GmbH Sells 31,956 Shares of National Storage Affiliates Trust $NSA

Allianz Asset Management GmbH lowered its position in National Storage Affiliates Trust (NYSE:NSA) by 19.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 131,962 shares of the real estate investment trust’s stock after selling 31,956 shares during the period. Allianz Asset Management GmbH’s holdings in National Storage Affiliates Trust were worth $3,988,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in NSA. Peregrine Capital Management LLC lifted its stake in shares of National Storage Affiliates Trust by 7.0% during the second quarter. Peregrine Capital Management LLC now owns 147,013 shares of the real estate investment trust’s stock valued at $4,703,000 after acquiring an additional 9,593 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of National Storage Affiliates Trust by 258.0% in 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 period. Capital Fund Management S.A. bought a new stake in shares of National Storage Affiliates Trust in the second quarter worth about $1,167,000. Norges Bank bought a new position in National Storage Affiliates Trust in the second quarter valued at approximately $21,991,000. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its stake in shares of National Storage Affiliates Trust by 35.6% in the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 122,774 shares of the real estate investment trust’s stock valued at $3,710,000 after purchasing an additional 32,252 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. National Bankshares set a $32.00 price objective on shares of National Storage Affiliates Trust in a research report on Friday, December 5th. Wolfe Research raised shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research report on Monday, January 26th. Mizuho lifted their price target on National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a report on Monday, January 12th. KeyCorp reaffirmed a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Finally, UBS Group reduced their price target on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Ten equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Reduce” and a consensus target price of $32.30.

National Storage Affiliates Trust Stock Up 1.0%

National Storage Affiliates Trust stock opened at $33.18 on Wednesday. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 54.39 and a beta of 1.19. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $40.62. The firm has a 50 day moving average price of $30.50 and a two-hundred day moving average price of $30.55.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.9%. The ex-dividend date was Monday, December 15th. National Storage Affiliates Trust’s payout ratio is presently 373.77%.

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.