American Assets Capital Advisers boosted its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 68.2% during the second quarter, Holdings Channel reports. The firm owned 382,123 shares of the real estate investment trust’s stock after buying an additional 154,995 shares during the period. National Storage Affiliates Trust makes up about 3.7% of American Assets Capital Advisers’ holdings, making the stock its 17th largest position. American Assets Capital Advisers’ holdings in National Storage Affiliates Trust were worth $8,924,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of NSA. James Investment Research Inc. raised its stake in shares of National Storage Affiliates Trust by 0.5% in the first quarter. James Investment Research Inc. now owns 55,130 shares of the real estate investment trust’s stock worth $1,318,000 after buying an additional 280 shares during the period. Bank of Montreal Can raised its stake in shares of National Storage Affiliates Trust by 1,296.2% in the first quarter. Bank of Montreal Can now owns 26,067 shares of the real estate investment trust’s stock worth $623,000 after buying an additional 24,200 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth approximately $394,000. Nomura Asset Management Co. Ltd. raised its stake in shares of National Storage Affiliates Trust by 0.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 27,740 shares of the real estate investment trust’s stock worth $663,000 after buying an additional 200 shares during the period. Finally, Norges Bank purchased a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth approximately $1,104,000. Institutional investors own 91.51% of the company’s stock.

Shares of National Storage Affiliates Trust (NYSE:NSA) opened at 22.13 on Monday. The company has a market capitalization of $978.63 million, a price-to-earnings ratio of 84.14 and a beta of 0.74. The stock has a 50 day moving average price of $22.57 and a 200-day moving average price of $23.50. National Storage Affiliates Trust has a one year low of $18.81 and a one year high of $26.15.

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NSA has been the topic of a number of research reports. BidaskClub lowered National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. FBR & Co restated a “hold” rating and issued a $23.00 price target on shares of National Storage Affiliates Trust in a report on Monday, May 15th. Zacks Investment Research lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a “buy” rating and issued a $28.00 price target on shares of National Storage Affiliates Trust in a report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus target price of $25.20.

National Storage Affiliates Trust 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 operating partnership subsidiary is NSA OP, LP.

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

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