7,930 Shares in National Storage Affiliates Trust (NYSE:NSA) Acquired by Everence Capital Management Inc.
Everence Capital Management Inc. bought a new position in National Storage Affiliates Trust (NYSE:NSA) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,930 shares of the real estate investment trust’s stock, valued at approximately $229,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of National Storage Affiliates Trust by 2.0% in the 1st quarter. BlackRock Inc. now owns 10,656,928 shares of the real estate investment trust’s stock valued at $303,829,000 after purchasing an additional 206,357 shares during the period. Dimensional Fund Advisors LP grew its holdings in National Storage Affiliates Trust by 9.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 829,317 shares of the real estate investment trust’s stock valued at $21,944,000 after purchasing an additional 72,327 shares during the period. Geode Capital Management LLC increased its holdings in National Storage Affiliates Trust by 11.2% in the 4th quarter. Geode Capital Management LLC now owns 773,809 shares of the real estate investment trust’s stock worth $20,474,000 after acquiring an additional 77,996 shares in the last quarter. American Assets Capital Advisers LLC increased its holdings in National Storage Affiliates Trust by 3.0% in the 2nd quarter. American Assets Capital Advisers LLC now owns 678,512 shares of the real estate investment trust’s stock worth $19,416,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Wasatch Advisors Inc. raised its stake in National Storage Affiliates Trust by 12.5% during the 1st quarter. Wasatch Advisors Inc. now owns 452,343 shares of the real estate investment trust’s stock worth $12,896,000 after acquiring an additional 50,085 shares during the period. 94.91% of the stock is owned by institutional investors and hedge funds.
NYSE NSA traded down $0.90 on Tuesday, reaching $32.39. The company had a trading volume of 342,136 shares, compared to its average volume of 369,454. The stock has a market capitalization of $2.01 billion, a PE ratio of 23.47, a price-to-earnings-growth ratio of 4.34 and a beta of 0.32. The firm’s 50 day moving average price is $32.11 and its 200 day moving average price is $29.79. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 1.17. National Storage Affiliates Trust has a 12 month low of $24.44 and a 12 month high of $34.80.
National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.57). National Storage Affiliates Trust had a negative net margin of 1.41% and a negative return on equity of 0.41%. The firm had revenue of $95.42 million for the quarter, compared to the consensus estimate of $95.75 million. During the same quarter in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 19.7% compared to the same quarter last year. On average, research analysts expect that National Storage Affiliates Trust will post 1.53 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be issued a $0.32 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.95%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 92.75%.
NSA has been the topic of several analyst reports. BMO Capital Markets set a $26.00 price target on shares of National Storage Affiliates Trust and gave the stock a “hold” rating in a research report on Friday, August 2nd. Stifel Nicolaus assumed coverage on shares of National Storage Affiliates Trust in a research report on Monday, August 19th. They set a “buy” rating and a $36.00 price objective on the stock. Robert W. Baird set a $37.00 target price on shares of National Storage Affiliates Trust and gave the stock a “buy” rating in a report on Wednesday, August 21st. Wells Fargo & Co increased their price target on National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Finally, Zacks Investment Research cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. National Storage Affiliates Trust has a consensus rating of “Buy” and a consensus target price of $32.86.
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.
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