Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA – Get Rating) by 19.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,195 shares of the real estate investment trust's stock after purchasing an additional 1,695 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in National Storage Affiliates Trust were worth $510,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also made changes to their positions in NSA. Schroder Investment Management Group boosted its holdings in shares of National Storage Affiliates Trust by 23.8% during the 4th quarter. Schroder Investment Management Group now owns 10,864 shares of the real estate investment trust's stock worth $751,000 after purchasing an additional 2,089 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of National Storage Affiliates Trust by 2.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,371 shares of the real estate investment trust's stock worth $510,000 after purchasing an additional 171 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in National Storage Affiliates Trust by 4.1% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 8,035 shares of the real estate investment trust's stock valued at $556,000 after acquiring an additional 318 shares during the last quarter. Navellier & Associates Inc. acquired a new position in National Storage Affiliates Trust in the fourth quarter valued at approximately $208,000. Finally, LPL Financial LLC lifted its holdings in National Storage Affiliates Trust by 50.5% in the fourth quarter. LPL Financial LLC now owns 73,715 shares of the real estate investment trust's stock valued at $5,101,000 after acquiring an additional 24,730 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.
Get National Storage Affiliates Trust alerts:National Storage Affiliates Trust Stock Down 3.4 %
NYSE:NSA opened at $42.30 on Monday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.38. The stock's fifty day moving average is $52.13 and its two-hundred day moving average is $54.11. National Storage Affiliates Trust has a 52 week low of $41.83 and a 52 week high of $70.04. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 42.73, a price-to-earnings-growth ratio of 1.85 and a beta of 0.64.
National Storage Affiliates Trust (NYSE:NSA – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The real estate investment trust reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.37 by ($0.13). National Storage Affiliates Trust had a return on equity of 4.79% and a net margin of 14.91%. During the same period last year, the firm earned $0.55 EPS. Research analysts anticipate that National Storage Affiliates Trust will post 2.85 EPS for the current year.National Storage Affiliates Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a dividend yield of 5.20%. The ex-dividend date of this dividend is Wednesday, September 14th. National Storage Affiliates Trust's dividend payout ratio is currently 222.22%.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. Evercore ISI decreased their price objective on National Storage Affiliates Trust from $60.00 to $58.00 and set an "outperform" rating on the stock in a report on Monday, September 19th. Jefferies Financial Group decreased their price objective on National Storage Affiliates Trust from $78.00 to $58.00 and set a "buy" rating on the stock in a report on Thursday, June 30th. StockNews.com cut National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Truist Financial decreased their price objective on National Storage Affiliates Trust from $61.00 to $57.00 and set a "hold" rating on the stock in a report on Wednesday, June 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust currently has an average rating of "Hold" and a consensus target price 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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