Heartland Advisors Inc. Buys 207,300 Shares of National Storage Affiliates Trust $NSA

Heartland Advisors Inc. boosted its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 47.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 646,200 shares of the real estate investment trust’s stock after acquiring an additional 207,300 shares during the period. National Storage Affiliates Trust accounts for about 1.0% of Heartland Advisors Inc.’s holdings, making the stock its 18th biggest position. Heartland Advisors Inc. owned 0.84% of National Storage Affiliates Trust worth $19,528,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Peak Financial Advisors LLC raised its position in shares of National Storage Affiliates Trust by 3.0% in the third quarter. Peak Financial Advisors LLC now owns 13,272 shares of the real estate investment trust’s stock worth $401,000 after buying an additional 382 shares in the last quarter. California State Teachers Retirement System raised its holdings in shares of National Storage Affiliates Trust by 0.6% in the 2nd quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock valued at $2,132,000 after acquiring an additional 392 shares in the last quarter. Osaic Holdings Inc. grew its holdings in shares of National Storage Affiliates Trust by 43.5% during the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 541 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of National Storage Affiliates Trust by 72.1% in the second quarter. Advisors Asset Management Inc. now owns 1,387 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 581 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in National Storage Affiliates Trust by 81.8% during the third quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock valued at $40,000 after purchasing an additional 586 shares during the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on NSA. Morgan Stanley upgraded shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $30.00 to $32.00 in a research report on Friday, December 5th. Mizuho boosted their price target on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Wells Fargo & Company cut their price objective on National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Thursday, January 22nd. Finally, Barclays set a $33.00 price target on National Storage Affiliates Trust in a research note on Tuesday, January 13th. Ten investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $32.30.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $33.46 on Tuesday. The business has a fifty day moving average price of $30.80 and a 200-day moving average price of $30.63. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $2.57 billion, a PE ratio of 54.85 and a beta of 1.19. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $40.62.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, March 13th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 6.8%. National Storage Affiliates Trust’s dividend payout ratio is presently 373.77%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.