Public Employees Retirement System of Ohio Sells 16,285 Shares of National Storage Affiliates Trust $NSA

Public Employees Retirement System of Ohio lessened its holdings in National Storage Affiliates Trust (NYSE:NSA) by 13.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 102,504 shares of the real estate investment trust’s stock after selling 16,285 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in National Storage Affiliates Trust were worth $3,869,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on NSA shares. Citigroup upped their price target on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. UBS Group upped their price objective on National Storage Affiliates Trust from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Barclays increased their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a report on Monday, April 20th. Finally, Truist Financial raised their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Twelve research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $38.60.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $43.41 on Friday. National Storage Affiliates Trust has a 12-month low of $27.43 and a 12-month high of $46.47. The company has a fifty day simple moving average of $44.18 and a two-hundred day simple moving average of $39.65. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02. The stock has a market cap of $3.35 billion, a P/E ratio of 57.88 and a beta of 1.03.

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

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Wednesday, July 22nd. Stockholders of record on Tuesday, July 21st were paid a $0.0336 dividend. The ex-dividend date was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 304.00%.

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.