Legal & General Group Plc Raises Position in National Storage Affiliates Trust $NSA

Legal & General Group Plc raised its stake in National Storage Affiliates Trust (NYSE:NSA) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 410,893 shares of the real estate investment trust’s stock after buying an additional 67,220 shares during the quarter. Legal & General Group Plc’s holdings in National Storage Affiliates Trust were worth $11,591,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. purchased a new stake in shares of National Storage Affiliates Trust in the first quarter worth approximately $32,000. Jones Financial Companies Lllp raised its stake in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 821 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 424 shares during the last quarter. Osaic Holdings Inc. raised its stake in shares of National Storage Affiliates Trust by 43.5% in the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 541 shares during the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of National Storage Affiliates Trust by 247.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,302 shares during the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on NSA shares. Wells Fargo & Company lowered their price objective on National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, February 5th. Weiss Ratings raised National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Citigroup increased their price objective on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. BNP Paribas Exane raised National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective for the company in a research note on Monday, March 16th. Finally, Wall Street Zen lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Thirteen investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust has a consensus rating of “Reduce” and an average price target of $35.97.

National Storage Affiliates Trust Stock Performance

NSA stock opened at $42.40 on Thursday. The firm has a market cap of $3.27 billion, a PE ratio of 56.53 and a beta of 1.05. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. The business has a 50 day moving average of $41.51 and a 200-day moving average of $35.14. National Storage Affiliates Trust has a 12-month low of $27.43 and a 12-month high of $44.01.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.38). The business had revenue of $185.40 million during the quarter, compared to the consensus estimate of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.54 earnings per share. As a group, sell-side analysts expect that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.28 annualized dividend and a dividend yield of 5.4%. National Storage Affiliates Trust’s dividend payout ratio is currently 304.00%.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.