Louisiana State Employees Retirement System acquired a new stake in shares of National Storage Affiliates Trust (NYSE:NSA – Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,500 shares of the real estate investment trust’s stock, valued at approximately $774,000.
Several other institutional investors and hedge funds have also bought and sold shares of NSA. Advisors Asset Management Inc. bought a new stake in National Storage Affiliates Trust in the 1st quarter worth $32,000. UMB Bank n.a. lifted 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 worth $32,000 after buying an additional 975 shares during the period. Parallel Advisors LLC boosted its position in National Storage Affiliates Trust by 42.5% during the 3rd quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 424 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of National Storage Affiliates Trust by 207.3% during the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares during the period. Finally, Global Retirement Partners LLC raised its position in shares of National Storage Affiliates Trust by 247.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,302 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
NSA has been the topic of several recent research reports. Barclays upped their price target on 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. Truist Financial lifted their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. UBS Group lifted their price target on shares of National Storage Affiliates Trust from $29.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Finally, Citigroup upped their price objective on National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Twelve analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $38.33.
National Storage Affiliates Trust Stock Performance
National Storage Affiliates Trust stock traded up $0.56 during midday trading on Tuesday, hitting $45.88. The stock had a trading volume of 4,001 shares, compared to its average volume of 1,453,381. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $46.47. The company has a market capitalization of $3.54 billion, a PE ratio of 61.06 and a beta of 1.03. The firm’s fifty day moving average is $43.60 and its two-hundred day moving average is $37.66. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02.
National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.38). The firm had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. National Storage Affiliates Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.54 EPS. On average, research analysts forecast that National Storage Affiliates Trust will post 2.22 EPS for the current year.
National Storage Affiliates Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.28 annualized dividend and a yield of 5.0%. National Storage Affiliates Trust’s dividend payout ratio 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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