BlackRock Inc. Purchases 1080373 Shares of National Storage Affiliates Trust (NYSE:NSA)

BlackRock Inc. lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 11.8% in the third quarter, according to its most recent Form …

National Storage Affiliates Trust logoBlackRock Inc. lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 11.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,268,524 shares of the real estate investment trust’s stock after purchasing an additional 1,080,373 shares during the period. BlackRock Inc. owned about 18.15% of National Storage Affiliates Trust worth $261,231,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in NSA. Legal & General Group Plc lifted its stake in shares of National Storage Affiliates Trust by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 244,627 shares of the real estate investment trust’s stock worth $7,532,000 after acquiring an additional 7,061 shares during the period. Virginia Retirement Systems ET AL increased its holdings in shares of National Storage Affiliates Trust by 27.5% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 175,100 shares of the real estate investment trust’s stock valued at $4,455,000 after purchasing an additional 37,800 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of National Storage Affiliates Trust by 380.0% in the 2nd quarter. SG Americas Securities LLC now owns 41,886 shares of the real estate investment trust’s stock valued at $1,291,000 after purchasing an additional 33,159 shares in the last quarter. Piermont Capital Management Inc. increased its holdings in shares of National Storage Affiliates Trust by 12.9% in the 3rd quarter. Piermont Capital Management Inc. now owns 93,570 shares of the real estate investment trust’s stock valued at $2,380,000 after purchasing an additional 10,680 shares in the last quarter. Finally, Wasatch Advisors Inc. increased its holdings in shares of National Storage Affiliates Trust by 7.6% in the 3rd quarter. Wasatch Advisors Inc. now owns 651,153 shares of the real estate investment trust’s stock valued at $16,565,000 after purchasing an additional 45,966 shares in the last quarter. 92.52% of the stock is owned by institutional investors and hedge funds.

NSA stock traded up $0.22 during midday trading on Friday, reaching $26.20. 313,300 shares of the company’s stock traded hands, compared to its average volume of 383,475. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 2.14 and a beta of 0.42. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.97. National Storage Affiliates Trust has a fifty-two week low of $23.10 and a fifty-two week high of $32.28.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Friday, November 2nd. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). The firm had revenue of $85.38 million for the quarter, compared to analysts’ expectations of $86.37 million. National Storage Affiliates Trust had a net margin of 5.37% and a return on equity of 1.48%. The company’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.33 EPS. On average, equities analysts forecast that National Storage Affiliates Trust will post 1.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Friday, December 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend was Thursday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.29. National Storage Affiliates Trust’s payout ratio is 96.77%.

In other National Storage Affiliates Trust news, CEO Arlen Dale Nordhagen bought 20,000 shares of the stock in a transaction on Monday, November 5th. The stock was purchased at an average price of $26.30 per share, for a total transaction of $526,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Tamara D. Fischer bought 1,200 shares of the stock in a transaction on Friday, November 30th. The shares were acquired at an average price of $23.80 per share, with a total value of $28,560.00. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 25,500 shares of company stock valued at $651,379. Insiders own 13.10% of the company’s stock.

A number of brokerages have recently issued reports on NSA. ValuEngine downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Wednesday, December 26th. Citigroup decreased their target price on shares of National Storage Affiliates Trust from $30.00 to $26.00 and set a “hold” rating on the stock in a research report on Friday, October 5th. Finally, Jefferies Financial Group raised shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and raised their target price for the stock from $30.00 to $31.00 in a research report on Thursday, October 4th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $28.63.

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National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 669 self storage properties located in 34 states and Puerto Rico with approximately 42.5 million rentable square feet.

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

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