Versor Investments LP increased its stake in National Storage Affiliates Trust (NYSE:NSA – Free Report) by 165.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 49,657 shares of the real estate investment trust’s stock after purchasing an additional 30,957 shares during the period. Versor Investments LP’s holdings in National Storage Affiliates Trust were worth $1,401,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in National Storage Affiliates Trust by 159.2% in the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock worth $35,169,000 after purchasing an additional 714,840 shares during the period. Hudson Bay Capital Management LP acquired a new position in National Storage Affiliates Trust in the 3rd quarter worth $33,082,000. Schonfeld Strategic Advisors LLC boosted its stake in National Storage Affiliates Trust by 723.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock worth $32,261,000 after purchasing an additional 937,939 shares during the period. Dimensional Fund Advisors LP boosted its stake in National Storage Affiliates Trust by 1.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,058,899 shares of the real estate investment trust’s stock worth $32,000,000 after purchasing an additional 14,128 shares during the period. Finally, UBS Group AG boosted its stake in shares of National Storage Affiliates Trust by 32.8% during the 4th quarter. UBS Group AG now owns 880,134 shares of the real estate investment trust’s stock worth $24,829,000 after buying an additional 217,234 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on NSA shares. Wells Fargo & Company reduced their price objective on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, February 5th. Barclays increased their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. BNP Paribas Exane upgraded shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective for the company in a research note on Monday, March 16th. Finally, Evercore upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Twelve research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $33.90.
National Storage Affiliates Trust Stock Up 0.0%
National Storage Affiliates Trust stock opened at $43.69 on Tuesday. The stock has a market cap of $3.37 billion, a P/E ratio of 58.25 and a beta of 1.07. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $44.01. The company’s 50-day moving average price is $39.10 and its two-hundred day moving average price is $33.69.
National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last announced its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate 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 business had revenue of $185.40 million for the quarter, compared to the consensus estimate of $181.69 million. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. As a group, analysts expect that National Storage Affiliates Trust will post 2.21 EPS for the current year.
National Storage Affiliates Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.28 annualized dividend and a dividend yield of 5.2%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 304.00%.
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.
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