Great West Life Assurance Co. Can lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 128,971 shares of the real estate investment trust’s stock after purchasing an additional 14,765 shares during the quarter. Great West Life Assurance Co. Can’s holdings in National Storage Affiliates Trust were worth $3,675,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Squarepoint Ops LLC grew its holdings in shares of National Storage Affiliates Trust by 539.4% during the 4th quarter. Squarepoint Ops LLC now owns 65,927 shares of the real estate investment trust’s stock worth $1,744,000 after purchasing an additional 55,616 shares in the last quarter. Comerica Bank boosted its stake in National Storage Affiliates Trust by 1.1% in the fourth quarter. Comerica Bank now owns 55,233 shares of the real estate investment trust’s stock valued at $1,558,000 after buying an additional 619 shares in the last quarter. Virginia Retirement Systems ET AL grew its position in National Storage Affiliates Trust by 46.0% in the fourth quarter. Virginia Retirement Systems ET AL now owns 255,600 shares of the real estate investment trust’s stock valued at $6,763,000 after acquiring an additional 80,500 shares during the last quarter. Anchor Capital Advisors LLC grew its position in National Storage Affiliates Trust by 564.8% in the fourth quarter. Anchor Capital Advisors LLC now owns 110,220 shares of the real estate investment trust’s stock valued at $2,916,000 after acquiring an additional 93,640 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in National Storage Affiliates Trust by 53.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 203,141 shares of the real estate investment trust’s stock worth $5,375,000 after acquiring an additional 70,761 shares in the last quarter. 92.20% of the stock is currently owned by institutional investors.

Shares of National Storage Affiliates Trust stock opened at $29.91 on Tuesday. National Storage Affiliates Trust has a fifty-two week low of $24.44 and a fifty-two week high of $32.28. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.17. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of 21.67, a P/E/G ratio of 3.86 and a beta of 0.41.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). National Storage Affiliates Trust had a net margin of 1.71% and a return on equity of 0.49%. The company had revenue of $90.57 million during the quarter, compared to analyst estimates of $93.25 million. During the same quarter in the prior year, the business earned $0.32 EPS. The business’s quarterly revenue was up 18.4% on a year-over-year basis. Equities analysts anticipate that National Storage Affiliates Trust will post 1.51 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $1.28 dividend on an annualized basis and a yield of 4.28%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 86.96%.

A number of research analysts have recently commented on the stock. ValuEngine cut shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Zacks Investment Research raised shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $32.00 price target on the stock in a report on Friday, March 29th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus price target of $30.17.

COPYRIGHT VIOLATION NOTICE: This piece of content was published by Daily Political and is the property of of Daily Political. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and international copyright and trademark law. The original version of this piece of content can be accessed at https://www.dailypolitical.com/2019/06/04/great-west-life-assurance-co-can-has-3-68-million-stake-in-national-storage-affiliates-trust-nsa.html.

National Storage Affiliates Trust 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 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

Recommended Story: Technical Analysis of Stocks and What It Means

Want to see what other hedge funds are holding NSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Storage Affiliates Trust (NYSE:NSA).

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

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.