Nuveen Asset Management LLC Raises Stake in National Storage Affiliates Trust (NYSE:NSA)

Nuveen Asset Management LLC boosted its position in National Storage Affiliates Trust (NYSE:NSA) by 13.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,744,317 shares of the real estate investment trust’s stock after purchasing an additional 203,076 shares during the quarter. Nuveen Asset Management LLC’s holdings in National Storage Affiliates Trust were worth $88,193,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Federated Hermes Inc. lifted its holdings in National Storage Affiliates Trust by 34.1% in the 2nd quarter. Federated Hermes Inc. now owns 900,266 shares of the real estate investment trust’s stock valued at $45,518,000 after purchasing an additional 228,921 shares in the last quarter. Cbre Clarion Securities LLC increased its position in National Storage Affiliates Trust by 8.3% during the second quarter. Cbre Clarion Securities LLC now owns 66,900 shares of the real estate investment trust’s stock worth $3,382,000 after buying an additional 5,100 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of National Storage Affiliates Trust by 310.4% in the second quarter. Goldman Sachs Group Inc. now owns 574,983 shares of the real estate investment trust’s stock valued at $29,072,000 after purchasing an additional 434,889 shares during the period. Macquarie Group Ltd. grew its holdings in National Storage Affiliates Trust by 28.6% during the second quarter. Macquarie Group Ltd. now owns 1,534,567 shares of the real estate investment trust’s stock worth $77,588,000 after acquiring an additional 341,708 shares during the period. Finally, MML Investors Services LLC boosted its position in National Storage Affiliates Trust by 13.2% during the second quarter. MML Investors Services LLC now owns 9,202 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 1,073 shares in the last quarter. Institutional investors and hedge funds own 71.04% of the company’s stock.

Several equities analysts recently weighed in on NSA shares. Berenberg Bank initiated coverage on National Storage Affiliates Trust in a research report on Thursday, October 7th. They set a “buy” rating and a $61.00 target price on the stock. Bank of America began coverage on National Storage Affiliates Trust in a report on Wednesday, September 15th. They issued a “neutral” rating and a $60.00 price target for the company. Truist Securities increased their target price on National Storage Affiliates Trust from $48.00 to $57.00 and gave the stock a “hold” rating in a report on Monday, August 30th. Truist raised their target price on National Storage Affiliates Trust from $48.00 to $57.00 and gave the company a “hold” rating in a research report on Monday, August 30th. Finally, BMO Capital Markets cut National Storage Affiliates Trust from an “outperform” rating to a “market perform” rating and set a $53.00 target price on the stock. in a report on Thursday, July 8th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $55.18.

Shares of NSA stock opened at $60.28 on Thursday. The firm’s 50 day moving average is $56.14 and its 200 day moving average is $50.99. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.40. The stock has a market capitalization of $5.34 billion, a P/E ratio of 78.29 and a beta of 0.37. National Storage Affiliates Trust has a 12 month low of $32.79 and a 12 month high of $61.64.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, August 2nd. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.05). National Storage Affiliates Trust had a net margin of 16.73% and a return on equity of 6.25%. On average, equities analysts predict that National Storage Affiliates Trust will post 2.15 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 30th. Shareholders of record on Wednesday, September 15th were paid a dividend of $0.41 per share. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Tuesday, September 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 95.91%.

National Storage Affiliates Trust Profile

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

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Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

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