BlackRock Inc. lifted its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 10.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,396,387 shares of the real estate investment trust’s stock after buying an additional 673,930 shares during the period. BlackRock Inc. owned 14.93% of National Storage Affiliates Trust worth $201,625,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in National Storage Affiliates Trust by 21.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 33,934 shares of the real estate investment trust’s stock worth $785,000 after purchasing an additional 5,953 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in National Storage Affiliates Trust in the 3rd quarter worth about $553,000. BNP Paribas Arbitrage SA grew its position in National Storage Affiliates Trust by 32.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 36,642 shares of the real estate investment trust’s stock worth $888,000 after purchasing an additional 8,991 shares during the last quarter. Municipal Employees Retirement System of Michigan bought a new position in National Storage Affiliates Trust in the 3rd quarter worth about $403,000. Finally, Comerica Bank bought a new position in National Storage Affiliates Trust in the 3rd quarter worth about $1,150,000. 93.35% of the stock is owned by institutional investors and hedge funds.
In related news, Director Mourick Mark Van sold 13,667 shares of the stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $25.64, for a total transaction of $350,421.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 13.70% of the stock is owned by corporate insiders.
NSA has been the subject of several recent analyst reports. Jefferies Group set a $30.00 target price on shares of National Storage Affiliates Trust and gave the stock a “buy” rating in a research report on Monday, March 5th. Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. B. Riley set a $23.00 target price on shares of National Storage Affiliates Trust and gave the stock a “hold” rating in a research report on Tuesday, January 16th. BMO Capital Markets initiated coverage on shares of National Storage Affiliates Trust in a research report on Friday. They issued a “market perform” rating and a $26.00 target price for the company. Finally, Citigroup initiated coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, February 13th. They issued a “neutral” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $26.25.
Shares of NYSE:NSA traded down $0.16 during trading on Friday, reaching $25.10. The company had a trading volume of 384,370 shares, compared to its average volume of 359,278. The firm has a market cap of $1,263.28, a P/E ratio of 20.24, a P/E/G ratio of 2.31 and a beta of 0.59. National Storage Affiliates Trust has a twelve month low of $21.17 and a twelve month high of $28.55. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.87.
National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, February 26th. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.39). National Storage Affiliates Trust had a return on equity of 0.30% and a net margin of 1.10%. The company had revenue of $73.37 million during the quarter, compared to analyst estimates of $71.04 million. equities research analysts forecast that National Storage Affiliates Trust will post 1.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Thursday, March 15th were paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.46%. The ex-dividend date of this dividend was Wednesday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 90.32%.
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About National Storage Affiliates Trust
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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.
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