Bank of New York Mellon Corp increased its position in National Storage Affiliates (NYSE:NSA) by 10.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,927 shares of the real estate investment trust’s stock after buying an additional 20,134 shares during the period. Bank of New York Mellon Corp owned 0.89% of National Storage Affiliates worth $4,266,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Sigma Planning Corp bought a new position in shares of National Storage Affiliates during the second quarter worth approximately $208,000. Metropolitan Life Insurance Co. NY increased its position in National Storage Affiliates by 4.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 17,900 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 694 shares in the last quarter. Menta Capital LLC acquired a new position in National Storage Affiliates during the first quarter worth about $413,000. Henderson Group PLC acquired a new position in National Storage Affiliates during the second quarter worth about $416,000. Finally, James Investment Research Inc. acquired a new position in National Storage Affiliates during the second quarter worth about $653,000. 97.09% of the stock is currently owned by institutional investors and hedge funds.
Shares of National Storage Affiliates (NYSE:NSA) traded up 0.33% during midday trading on Monday, reaching $21.43. 261,661 shares of the company’s stock traded hands. The stock has a market capitalization of $497.41 million, a P/E ratio of 79.67 and a beta of 0.64. The firm’s 50-day moving average price is $20.27 and its 200 day moving average price is $20.71. National Storage Affiliates has a 1-year low of $13.10 and a 1-year high of $22.86.
National Storage Affiliates (NYSE:NSA) last posted its earnings results on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $47.30 million for the quarter, compared to analyst estimates of $44.69 million. National Storage Affiliates had a net margin of 11.53% and a return on equity of 3.46%. On average, equities analysts predict that National Storage Affiliates will post $1.08 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.88 annualized dividend and a yield of 4.11%. National Storage Affiliates’s payout ratio is 338.47%.
A number of equities analysts have recently issued reports on NSA shares. FBR & Co reiterated a “marketperform” rating and set a $22.00 price objective on shares of National Storage Affiliates in a research note on Wednesday, June 22nd. DA Davidson set a $26.00 price objective on shares of National Storage Affiliates and gave the company a “buy” rating in a research note on Thursday, September 15th. Jefferies Group increased their price objective on shares of National Storage Affiliates from $21.00 to $22.00 and gave the company a “hold” rating in a research note on Tuesday, May 31st. Robert W. Baird reiterated an “outperform” rating and set a $25.00 price objective (up from $24.00) on shares of National Storage Affiliates in a research note on Wednesday, July 6th. Finally, Zacks Investment Research upgraded shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Friday, August 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. National Storage Affiliates currently has a consensus rating of “Buy” and a consensus price target of $22.79.
National Storage Affiliates Company Profile
National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s segment consists of investments in self-storage properties located in the United States.
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 (NYSE:NSA).
Receive News & Ratings for National Storage Affiliates Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates and related companies with MarketBeat.com's FREE daily email newsletter.