Hudson Edge Investment Partners Inc. Lowers Stake in National Storage Affiliates Trust $NSA

Hudson Edge Investment Partners Inc. cut its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 78.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,221 shares of the real estate investment trust’s stock after selling 15,657 shares during the period. Hudson Edge Investment Partners Inc.’s holdings in National Storage Affiliates Trust were worth $159,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new position in National Storage Affiliates Trust in the 1st quarter worth about $32,000. UMB Bank n.a. grew its holdings in National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 975 shares during the period. Jones Financial Companies Lllp increased its position in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 821 shares in the last quarter. Parallel Advisors LLC increased its position in shares of 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 buying an additional 424 shares in the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of National Storage Affiliates Trust by 43.5% during the 2nd quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 541 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NSA shares. BNP Paribas Exane upgraded National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 target price on the stock in a research report on Monday, March 16th. Citigroup upped their price objective on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Truist Financial increased their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a report on Tuesday, June 23rd. Evercore upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings raised shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Thirteen research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $37.06.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $45.98 on Friday. The company has a market cap of $3.55 billion, a PE ratio of 61.30 and a beta of 1.03. The stock’s 50 day simple moving average is $43.56 and its 200-day simple moving average is $37.48. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $46.47. 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 issued its quarterly earnings results 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 return on equity of 6.46% and a net margin of 10.48%.The firm had revenue of $185.40 million during the quarter, compared to analyst estimates of $181.69 million. During the same period in the prior year, the firm earned $0.54 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts anticipate that National Storage Affiliates Trust will post 2.22 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.0%. National Storage Affiliates Trust’s dividend payout ratio is presently 304.00%.

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.