National Storage Affiliates Trust (NYSE:NSA) Shares Bought by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD lifted its position in National Storage Affiliates Trust (NYSE:NSA) by 13.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,782 shares of the real estate investment trust’s stock after acquiring an additional 3,563 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in National Storage Affiliates Trust were worth $1,556,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of NSA. Wasatch Advisors Inc. boosted its position in National Storage Affiliates Trust by 2.5% during the 2nd quarter. Wasatch Advisors Inc. now owns 4,126,189 shares of the real estate investment trust’s stock valued at $208,620,000 after purchasing an additional 102,359 shares during the period. State Street Corp boosted its position in National Storage Affiliates Trust by 4.6% during the 2nd quarter. State Street Corp now owns 3,339,903 shares of the real estate investment trust’s stock valued at $168,865,000 after purchasing an additional 145,540 shares during the period. Geode Capital Management LLC boosted its position in National Storage Affiliates Trust by 39.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,819,157 shares of the real estate investment trust’s stock valued at $91,976,000 after purchasing an additional 510,910 shares during the period. Nuveen Asset Management LLC boosted its position in National Storage Affiliates Trust by 13.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,744,317 shares of the real estate investment trust’s stock valued at $88,193,000 after purchasing an additional 203,076 shares during the period. Finally, Macquarie Group Ltd. boosted its position in National Storage Affiliates Trust by 28.6% during the 2nd quarter. Macquarie Group Ltd. now owns 1,534,567 shares of the real estate investment trust’s stock valued at $77,588,000 after purchasing an additional 341,708 shares during the period. Institutional investors own 70.83% of the company’s stock.

NSA opened at $63.31 on Thursday. National Storage Affiliates Trust has a one year low of $33.01 and a one year high of $64.98. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.18 and a current ratio of 1.18. The stock’s fifty day moving average is $58.86 and its 200-day moving average is $54.30. The company has a market capitalization of $5.64 billion, a PE ratio of 71.94, a P/E/G ratio of 2.25 and a beta of 0.45.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Tuesday, November 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.11). National Storage Affiliates Trust had a return on equity of 6.45% and a net margin of 18.59%. During the same period in the prior year, the company posted $0.44 earnings per share. On average, equities research analysts forecast that National Storage Affiliates Trust will post 2.18 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 30th. Stockholders of record on Wednesday, December 15th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Tuesday, December 14th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.41. National Storage Affiliates Trust’s payout ratio is currently 186.37%.

NSA has been the subject of a number of analyst reports. Truist Securities boosted their price objective on National Storage Affiliates Trust from $48.00 to $57.00 and gave the company a “hold” rating in a research report on Monday, August 30th. Bank of America initiated coverage on National Storage Affiliates Trust in a research report on Wednesday, September 15th. They set a “neutral” rating and a $60.00 price objective for the company. Zacks Investment Research raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a research note on Wednesday, November 17th. Morgan Stanley lifted their target price on National Storage Affiliates Trust from $52.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 13th. Finally, Berenberg Bank initiated coverage on National Storage Affiliates Trust in a research note on Thursday, October 7th. They set a “buy” rating and a $61.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.82.

About National Storage Affiliates Trust

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

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

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