Cutler Group LP Takes Position in National Storage Affiliates Trust (NYSE:NSA)

Cutler Group LP acquired a new stake in National Storage Affiliates Trust (NYSE:NSA) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 800 shares of the real estate investment trust’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC purchased a new position in National Storage Affiliates Trust in the first quarter valued at $32,000. Marshall Wace North America L.P. increased its holdings in National Storage Affiliates Trust by 21.6% in the first quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 335 shares during the last quarter. Pearl River Capital LLC increased its holdings in National Storage Affiliates Trust by 337.4% in the second quarter. Pearl River Capital LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 2,038 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in National Storage Affiliates Trust by 35.2% in the second quarter. Russell Investments Group Ltd. now owns 5,157 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 1,344 shares during the last quarter. Finally, Quantamental Technologies LLC increased its holdings in National Storage Affiliates Trust by 236.5% in the second quarter. Quantamental Technologies LLC now owns 5,158 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 3,625 shares during the last quarter. Institutional investors and hedge funds own 92.99% of the company’s stock.

Several equities analysts recently commented on the company. Stifel Nicolaus assumed coverage on National Storage Affiliates Trust in a report on Monday, August 19th. They issued a “buy” rating and a $36.00 target price on the stock. Wells Fargo & Co increased their target price on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Zacks Investment Research lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Wednesday, October 16th. Morgan Stanley increased their target price on National Storage Affiliates Trust from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. Finally, ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. National Storage Affiliates Trust has a consensus rating of “Hold” and an average target price of $34.00.

Shares of NSA stock traded up $0.02 during mid-day trading on Monday, hitting $34.78. 500,993 shares of the stock were exchanged, compared to its average volume of 367,501. The stock’s fifty day simple moving average is $33.75 and its two-hundred day simple moving average is $31.02. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 25.20, a P/E/G ratio of 4.57 and a beta of 0.32. National Storage Affiliates Trust has a 12-month low of $25.11 and a 12-month high of $35.76. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 0.37.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.57). The firm had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $95.75 million. National Storage Affiliates Trust had a negative return on equity of 0.41% and a negative net margin of 1.41%. The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.34 EPS. On average, research analysts expect that National Storage Affiliates Trust will post 1.53 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 3.68%. The ex-dividend date was Thursday, September 12th. National Storage Affiliates Trust’s payout ratio is 92.75%.

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 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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

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