Strs Ohio Sells 60,402 Shares of National Storage Affiliates Trust $NSA

Strs Ohio cut its holdings in National Storage Affiliates Trust (NYSE:NSA) by 97.3% in the first quarter, HoldingsChannel reports. The firm owned 1,684 shares of the real estate investment trust’s stock after selling 60,402 shares during the quarter. Strs Ohio’s holdings in National Storage Affiliates Trust were worth $64,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in National Storage Affiliates Trust by 0.8% during the first quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock valued at $4,345,000 after purchasing an additional 898 shares in the last quarter. Advisors Asset Management Inc. purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter worth $32,000. Jones Financial Companies Lllp grew its stake in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 821 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of National Storage Affiliates Trust by 42.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock worth $3,637,000 after buying an additional 27,546 shares during the last quarter. Finally, Empowered Funds LLC increased its holdings in shares of National Storage Affiliates Trust by 2.0% in the 1st quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock worth $2,420,000 after buying an additional 1,209 shares during the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 0.7%

Shares of NSA opened at $45.07 on Tuesday. The company’s fifty day simple moving average is $43.86 and its 200-day simple moving average is $38.25. The company has a market cap of $3.48 billion, a P/E ratio of 60.10 and a beta of 1.03. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $46.47.

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

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a special dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.0336 per share. The ex-dividend date is Tuesday, July 21st. National Storage Affiliates Trust’s payout ratio is 304.00%.

Analysts Set New Price Targets

A number of brokerages recently commented on NSA. Citigroup increased their price target on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Truist Financial boosted their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, June 23rd. BNP Paribas Exane upgraded National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective on the stock in a research report on Monday, March 16th. Barclays raised their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Finally, Evercore set a $46.00 target price on National Storage Affiliates Trust and gave the stock a “cautious” rating in a report on Monday, July 6th. Twelve research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $38.60.

National Storage Affiliates Trust Profile

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.