Exane Derivatives Grows Position in National Storage Affiliates Trust (NYSE:NSA)

Exane Derivatives raised its holdings in National Storage Affiliates Trust (NYSE:NSA) by 26.2% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,808 shares of the real estate investment trust’s stock after acquiring an additional 1,412 shares during the period. Exane Derivatives’ holdings in National Storage Affiliates Trust were worth $197,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. BlackRock Inc. raised its holdings 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 acquiring an additional 206,357 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of National Storage Affiliates Trust by 1.6% in the 4th quarter. Bank of New York Mellon Corp now owns 851,649 shares of the real estate investment trust’s stock valued at $22,534,000 after acquiring an additional 13,719 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of National Storage Affiliates Trust by 9.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 829,317 shares of the real estate investment trust’s stock valued at $21,944,000 after acquiring an additional 72,327 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 valued at $20,474,000 after acquiring an additional 77,996 shares in the last quarter. Finally, Millennium Management LLC raised its holdings in shares of National Storage Affiliates Trust by 19.2% in the 4th quarter. Millennium Management LLC now owns 505,434 shares of the real estate investment trust’s stock valued at $13,374,000 after acquiring an additional 81,264 shares in the last quarter. 91.81% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts recently weighed in on the company. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Zacks Investment Research cut Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday, July 18th.

Shares of NYSE NSA opened at $29.62 on Friday. The stock has a market cap of $1.66 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 3.76 and a beta of 0.35. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.17. National Storage Affiliates Trust has a 1-year low of $24.44 and a 1-year high of $30.49. The firm’s 50-day moving average price is $29.45.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.28). The firm had revenue of $90.57 million for the quarter, compared to analysts’ expectations of $93.25 million. National Storage Affiliates Trust had a net margin of 1.71% and a return on equity of 0.49%. The business’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 1.52 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.32%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend was Thursday, June 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 92.75%.

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.

Featured Story: Short Selling Stocks and Day Traders

Want to see what other hedge funds are holding NSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Storage Affiliates Trust (NYSE:NSA).

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments are closed.