National Storage Affiliates Trust (NSA) Shares Bought by Arizona State Retirement System

Arizona State Retirement System boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 6.2% during the fourth quarter, Holdings Channel reports. The fund owned 87,119 shares of the real estate investment trust’s stock after acquiring an additional 5,122 shares during the period. Arizona State Retirement System’s holdings in National Storage Affiliates Trust were worth $2,305,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Point72 Hong Kong Ltd bought a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $159,000. Quantbot Technologies LP bought a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $163,000. Fox Run Management L.L.C. bought a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at about $275,000. Algert Global LLC bought a new position in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $284,000. Finally, Riverhead Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust by 64.7% in the 3rd quarter. Riverhead Capital Management LLC now owns 11,200 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 4,400 shares during the last quarter. 94.81% of the stock is currently owned by hedge funds and other institutional investors.

NSA has been the topic of several recent research reports. Zacks Investment Research raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine raised shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $28.63.

Shares of NYSE:NSA opened at $29.22 on Tuesday. The company has a market capitalization of $1.65 billion, a P/E ratio of 23.56, a PEG ratio of 2.65 and a beta of 0.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.55. National Storage Affiliates Trust has a fifty-two week low of $23.10 and a fifty-two week high of $32.28.

In other news, CEO Arlen Dale Nordhagen purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The shares were acquired at an average cost of $22.53 per share, for a total transaction of $90,120.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mourick Mark Van sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $28.30, for a total transaction of $283,000.00. The disclosure for this sale can be found here. Insiders purchased a total of 5,500 shares of company stock worth $125,379 over the last quarter. 13.10% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another website, it was illegally stolen and reposted in violation of United States & international copyright law. The correct version of this piece of content can be read at https://transcriptdaily.com/2019/02/12/national-storage-affiliates-trust-nsa-shares-bought-by-arizona-state-retirement-system.html.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 669 self storage properties located in 34 states and Puerto Rico with approximately 42.5 million rentable square feet.

Featured Story: Options Trading – Understanding Strike Price

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 Trust (NYSE:NSA).

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

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply