National Storage Affiliates Trust $NSA Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH trimmed its stake in National Storage Affiliates Trust (NYSE:NSA) by 19.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 131,962 shares of the real estate investment trust’s stock after selling 31,956 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.17% of National Storage Affiliates Trust worth $3,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in National Storage Affiliates Trust by 339.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 635 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth about $32,000. Jones Financial Companies Lllp increased its position in shares of 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 worth $40,000 after acquiring an additional 586 shares in the last quarter. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of National Storage Affiliates Trust during the third quarter valued at approximately $41,000. Finally, Osaic Holdings Inc. lifted its position in shares of National Storage Affiliates Trust by 43.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 541 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Stock Up 1.0%

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

National Storage Affiliates Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Monday, December 15th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.9%. National Storage Affiliates Trust’s dividend payout ratio is currently 373.77%.

Wall Street Analyst Weigh In

Several analysts have issued reports on NSA shares. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. UBS Group reduced their price objective on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Thursday, January 22nd. Truist Financial increased their price target on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Finally, Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Ten equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $32.30.

National Storage Affiliates Trust 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.