Vaughan Nelson Investment Management L.P. cut its stake in National Storage (NYSE:NSA) by 1.3% in the second quarter, HoldingsChannel.com reports. The fund owned 1,543,149 shares of the real estate investment trust’s stock after selling 20,875 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in National Storage were worth $47,560,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in the business. Confluence Wealth Management LLC acquired a new position in National Storage in the second quarter valued at approximately $231,000. Amalgamated Bank acquired a new position in shares of National Storage during the 2nd quarter worth approximately $230,000. Fox Run Management L.L.C. acquired a new position in shares of National Storage during the 2nd quarter worth approximately $511,000. State of Alaska Department of Revenue raised its stake in shares of National Storage by 116.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 35,120 shares of the real estate investment trust’s stock worth $1,081,000 after buying an additional 18,890 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of National Storage during the 1st quarter worth approximately $522,000. 94.98% of the stock is owned by institutional investors.
Shares of National Storage opened at $28.37 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market cap of $1.43 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 2.63 and a beta of 0.59. National Storage has a 1-year low of $21.17 and a 1-year high of $32.28.
National Storage (NYSE:NSA) last issued its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.09 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. National Storage had a return on equity of 1.24% and a net margin of 4.55%. The firm had revenue of $76.49 million during the quarter, compared to analysts’ expectations of $76.72 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. sell-side analysts forecast that National Storage will post 1.35 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on NSA. Zacks Investment Research raised National Storage from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, July 19th. TheStreet raised National Storage from a “d+” rating to a “c” rating in a research note on Monday, April 23rd. DA Davidson set a $37.00 target price on National Storage and gave the stock a “buy” rating in a research note on Thursday, July 12th. ValuEngine downgraded National Storage from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. Finally, Morgan Stanley upped their target price on National Storage from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 14th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $28.45.
About National Storage
National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the top 100 metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.
Featured Article: What is a Leveraged Buyout (LBO)?
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 (NYSE:NSA).
Receive News & Ratings for National Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage and related companies with MarketBeat.com's FREE daily email newsletter.