4,180 Shares in National Storage (NSA) Acquired by Neuburgh Advisers LLC

Neuburgh Advisers LLC acquired a new stake in National Storage (NYSE:NSA) in the 1st quarter, HoldingsChannel.com reports. The fund acquired 4,180 shares of the real estate investment trust’s stock, valued at approximately $105,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NSA. BlackRock Inc. boosted its stake in shares of National Storage by 10.0% in the fourth quarter. BlackRock Inc. now owns 7,396,387 shares of the real estate investment trust’s stock valued at $201,625,000 after purchasing an additional 673,930 shares during the period. Millennium Management LLC purchased a new position in shares of National Storage in the fourth quarter valued at approximately $18,007,000. American Assets Capital Advisers LLC boosted its stake in shares of National Storage by 77.9% in the first quarter. American Assets Capital Advisers LLC now owns 662,681 shares of the real estate investment trust’s stock valued at $16,620,000 after purchasing an additional 290,200 shares during the period. ArrowMark Colorado Holdings LLC boosted its stake in shares of National Storage by 6.6% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,999,415 shares of the real estate investment trust’s stock valued at $81,764,000 after purchasing an additional 186,259 shares during the period. Finally, Teachers Advisors LLC boosted its stake in shares of National Storage by 14.8% in 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 during the period. 96.48% of the stock is owned by institutional investors and hedge funds.

NSA has been the subject of several recent research reports. Zacks Investment Research lowered shares of National Storage from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Citigroup initiated coverage on shares of National Storage in a research note on Tuesday, February 13th. They issued a “neutral” rating and a $24.00 price objective for the company. B. Riley set a $23.00 price objective on shares of National Storage and gave the company a “hold” rating in a research note on Monday, February 26th. Jefferies Group set a $30.00 price objective on shares of National Storage and gave the company a “buy” rating in a research note on Monday, March 5th. Finally, BMO Capital Markets initiated coverage on shares of National Storage in a research note on Friday, April 6th. They issued a “market perform” rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.25.

In related news, Director Mourick Mark Van sold 13,667 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $25.64, for a total value of $350,421.88. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 13.10% of the stock is owned by company insiders.

Shares of NYSE:NSA opened at $26.25 on Wednesday. The company has a market capitalization of $1.34 billion, a P/E ratio of 20.70, a PEG ratio of 2.45 and a beta of 0.58. National Storage has a fifty-two week low of $21.17 and a fifty-two week high of $28.55. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 0.76.

National Storage (NYSE:NSA) last issued its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. The firm had revenue of $76.49 million for the quarter, compared to analysts’ expectations of $76.72 million. National Storage had a net margin of 4.55% and a return on equity of 1.24%. The firm’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.29 earnings per share. analysts predict that National Storage will post 1.35 earnings per share for the current fiscal year.

About National Storage

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

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