State of Alaska Department of Revenue lifted its stake in National Storage Affiliates Trust (NYSE:NSA – Get Rating) by 1.1% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 53,669 shares of the real estate investment trust's stock after purchasing an additional 565 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of National Storage Affiliates Trust worth $2,686,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of National Storage Affiliates Trust by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 13,004,835 shares of the real estate investment trust's stock worth $816,183,000 after purchasing an additional 179,504 shares in the last quarter. BlackRock Inc. boosted its position in shares of National Storage Affiliates Trust by 0.4% in the 1st quarter. BlackRock Inc. now owns 12,873,852 shares of the real estate investment trust's stock worth $807,965,000 after purchasing an additional 53,622 shares in the last quarter. State Street Corp boosted its position in shares of National Storage Affiliates Trust by 14.1% in the 1st quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust's stock worth $304,029,000 after purchasing an additional 598,640 shares in the last quarter. Invesco Ltd. boosted its position in shares of National Storage Affiliates Trust by 4.9% in the 1st quarter. Invesco Ltd. now owns 2,638,737 shares of the real estate investment trust's stock worth $165,608,000 after purchasing an additional 122,899 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of National Storage Affiliates Trust by 13.0% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,744,964 shares of the real estate investment trust's stock worth $120,752,000 after purchasing an additional 200,891 shares in the last quarter. 85.07% of the stock is owned by institutional investors.
Get National Storage Affiliates Trust alerts:National Storage Affiliates Trust Price Performance
Shares of NSA opened at $43.79 on Friday. The firm has a market cap of $4.02 billion, a PE ratio of 44.23, a P/E/G ratio of 1.96 and a beta of 0.64. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.38. The firm has a fifty day simple moving average of $52.28 and a two-hundred day simple moving average of $54.32. National Storage Affiliates Trust has a 1-year low of $43.64 and a 1-year high of $70.04.
National Storage Affiliates Trust (NYSE:NSA – Get Rating) last announced its earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by ($0.13). National Storage Affiliates Trust had a net margin of 14.91% and a return on equity of 4.79%. During the same quarter in the previous year, the business earned $0.55 EPS. On average, equities analysts anticipate that National Storage Affiliates Trust will post 2.84 EPS for the current year.National Storage Affiliates Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $2.20 annualized dividend and a yield of 5.02%. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 222.22%.
Analysts Set New Price Targets
NSA has been the subject of a number of recent analyst reports. Jefferies Financial Group decreased their price objective on shares of National Storage Affiliates Trust from $78.00 to $58.00 and set a "buy" rating for the company in a report on Thursday, June 30th. Truist Financial decreased their price objective on shares of National Storage Affiliates Trust from $61.00 to $57.00 and set a "hold" rating for the company in a report on Wednesday, June 1st. Evercore ISI decreased their price objective on shares of National Storage Affiliates Trust from $60.00 to $58.00 and set an "outperform" rating for the company in a report on Monday. Finally, StockNews.com lowered shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $60.17.
National Storage Affiliates Trust Company Profile
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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. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.
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