LPL Financial LLC acquired a new stake in shares of National Storage (NYSE:NSA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 8,737 shares of the real estate investment trust’s stock, valued at approximately $238,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Millennium Management LLC acquired a new stake in National Storage during the fourth quarter valued at approximately $18,007,000. Teachers Advisors LLC boosted its holdings in National Storage by 14.8% during the fourth quarter. Teachers Advisors LLC now owns 1,223,667 shares of the real estate investment trust’s stock valued at $33,357,000 after purchasing an additional 157,374 shares in the last quarter. Raymond James & Associates acquired a new stake in National Storage during the fourth quarter valued at approximately $1,430,000. Two Sigma Investments LP acquired a new stake in National Storage during the fourth quarter valued at approximately $832,000. Finally, Two Sigma Advisers LP boosted its holdings in National Storage by 22.7% during the fourth quarter. Two Sigma Advisers LP now owns 94,100 shares of the real estate investment trust’s stock valued at $2,565,000 after purchasing an additional 17,400 shares in the last quarter. 93.35% of the stock is currently owned by institutional investors.
A number of research firms have weighed in on NSA. BMO Capital Markets began coverage on National Storage in a report on Friday, April 6th. They set a “market perform” rating and a $26.00 price objective on the stock. Zacks Investment Research downgraded National Storage from a “hold” rating to a “sell” rating in a report on Wednesday, January 24th. B. Riley set a $23.00 price objective on National Storage and gave the company a “hold” rating in a report on Tuesday, January 16th. Jefferies Group set a $30.00 price objective on National Storage and gave the company a “buy” rating in a report on Monday, March 5th. Finally, Citigroup started coverage on National Storage in a report on Tuesday, February 13th. They set a “neutral” rating and a $24.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. National Storage currently has a consensus rating of “Hold” and an average target price of $26.25.
Shares of NSA opened at $25.51 on Wednesday. The company has a market capitalization of $1,271.14, a PE ratio of 20.57, a price-to-earnings-growth ratio of 2.32 and a beta of 0.58. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.67 and a current ratio of 0.67. National Storage has a one year low of $21.17 and a one year high of $28.55.
National Storage (NYSE:NSA) last announced its earnings results on Monday, February 26th. The real estate investment trust reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.31 by ($0.39). The business had revenue of $73.37 million during the quarter, compared to analyst estimates of $71.04 million. National Storage had a return on equity of 0.30% and a net margin of 1.10%. sell-side analysts expect that National Storage will post 1.36 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 15th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a dividend yield of 4.39%. The ex-dividend date was Wednesday, March 14th. National Storage’s payout ratio is currently 90.32%.
In other news, Director Mourick Mark Van sold 13,667 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $25.64, for a total value of $350,421.88. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 13.10% of the stock is owned by insiders.
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National Storage 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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.
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