Strs Ohio Has $862,000 Position in National Storage Affiliates (NSA)
Strs Ohio reduced its position in shares of National Storage Affiliates (NYSE:NSA) by 2.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 41,447 shares of the real estate investment trust’s stock after selling 866 shares during the period. Strs Ohio’s holdings in National Storage Affiliates were worth $862,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in NSA. Goldman Sachs Group Inc. boosted its position in National Storage Affiliates by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 38,145 shares of the real estate investment trust’s stock worth $809,000 after buying an additional 458 shares in the last quarter. Sigma Planning Corp acquired a new position in National Storage Affiliates during the second quarter worth about $208,000. JPMorgan Chase & Co. boosted its position in National Storage Affiliates by 16.0% in the first quarter. JPMorgan Chase & Co. now owns 100,826 shares of the real estate investment trust’s stock worth $2,138,000 after buying an additional 13,912 shares in the last quarter. Menta Capital LLC acquired a new position in National Storage Affiliates during the first quarter worth about $413,000. Finally, James Investment Research Inc. acquired a new position in National Storage Affiliates during the second quarter worth about $653,000. Hedge funds and other institutional investors own 97.01% of the company’s stock.
National Storage Affiliates (NYSE:NSA) traded down 0.51% during mid-day trading on Tuesday, hitting $19.64. The stock had a trading volume of 282,398 shares. National Storage Affiliates has a 52 week low of $14.00 and a 52 week high of $22.86. The firm has a market cap of $455.86 million, a PE ratio of 73.01 and a beta of 0.63. The company’s 50 day moving average price is $20.13 and its 200 day moving average price is $20.75.
National Storage Affiliates (NYSE:NSA) last issued its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The business had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $44.69 million. National Storage Affiliates had a return on equity of 3.46% and a net margin of 11.53%. Analysts anticipate that National Storage Affiliates will post $1.08 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Thursday, September 15th were issued a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $0.88 dividend on an annualized basis and a yield of 4.48%. National Storage Affiliates’s dividend payout ratio (DPR) is 338.47%.
A number of research firms have issued reports on NSA. Jefferies Group upgraded National Storage Affiliates from a “hold” rating to a “buy” rating and lifted their target price for the company from $22.00 to $24.00 in a research report on Wednesday, September 21st. DA Davidson began coverage on National Storage Affiliates in a research report on Friday, June 24th. They issued a “buy” rating and a $25.00 target price on the stock. Zacks Investment Research cut National Storage Affiliates from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. FBR & Co reiterated a “hold” rating on shares of National Storage Affiliates in a research report on Tuesday, August 9th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $25.00 target price (up previously from $24.00) on shares of National Storage Affiliates in a research report on Wednesday, July 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $22.64.
National Storage Affiliates Company Profile
National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s segment consists of investments in self-storage properties located in the United States.
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