National Storage Affiliates Trust (NYSE:NSA) Stake Reduced by Forward Management LLC

Forward Management LLC decreased its stake in National Storage Affiliates Trust (NYSE:NSA) by 56.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 220,136 shares of the real estate investment trust’s stock after selling 280,900 shares during the period. Forward Management LLC’s holdings in National Storage Affiliates Trust were worth $5,087,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in NSA. Wells Fargo & Company MN boosted its stake in National Storage Affiliates Trust by 2.2% in the first quarter. Wells Fargo & Company MN now owns 116,124 shares of the real estate investment trust’s stock valued at $2,776,000 after buying an additional 2,531 shares during the last quarter. DUPONT CAPITAL MANAGEMENT Corp boosted its stake in National Storage Affiliates Trust by 159.7% in the first quarter. DUPONT CAPITAL MANAGEMENT Corp now owns 24,414 shares of the real estate investment trust’s stock valued at $583,000 after buying an additional 15,014 shares during the last quarter. ProShare Advisors LLC acquired a new stake in National Storage Affiliates Trust during the first quarter valued at $115,000. Fisher Asset Management LLC boosted its stake in National Storage Affiliates Trust by 44.3% in the first quarter. Fisher Asset Management LLC now owns 82,845 shares of the real estate investment trust’s stock valued at $1,980,000 after buying an additional 25,419 shares during the last quarter. Finally, James Investment Research Inc. boosted its stake in National Storage Affiliates Trust by 0.5% in the first quarter. James Investment Research Inc. now owns 55,130 shares of the real estate investment trust’s stock valued at $1,318,000 after buying an additional 280 shares during the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.

National Storage Affiliates Trust (NYSE:NSA) opened at 22.08 on Thursday. The company has a market capitalization of $976.42 million, a PE ratio of 83.95 and a beta of 0.74. The stock has a 50 day moving average price of $22.53 and a 200-day moving average price of $23.49. National Storage Affiliates Trust has a 52 week low of $18.81 and a 52 week high of $26.15.

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Several research firms have weighed in on NSA. BidaskClub upgraded National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “buy” rating and set a $28.00 target price on shares of National Storage Affiliates Trust in a research note on Monday, May 22nd. FBR & Co restated a “hold” rating and set a $23.00 target price on shares of National Storage Affiliates Trust in a research note on Monday, May 15th. Finally, Zacks Investment Research cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus price target of $25.20.

In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $22.06, for a total value of $661,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 17.70% of the stock is owned by insiders.

About National Storage Affiliates Trust

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 operating partnership subsidiary is NSA OP, LP.

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Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

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