National Storage Affiliates Trust $NSA Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP raised its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 22.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 426,753 shares of the real estate investment trust’s stock after purchasing an additional 78,438 shares during the period. Quantinno Capital Management LP owned 0.55% of National Storage Affiliates Trust worth $16,106,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS Group AG grew its holdings in National Storage Affiliates Trust by 32.8% in the 4th quarter. UBS Group AG now owns 880,134 shares of the real estate investment trust’s stock worth $24,829,000 after buying an additional 217,234 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in National Storage Affiliates Trust by 4.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,095,158 shares of the real estate investment trust’s stock valued at $30,894,000 after acquiring an additional 48,418 shares during the period. Hsbc Holdings PLC raised its stake in National Storage Affiliates Trust by 26.5% during the 4th quarter. Hsbc Holdings PLC now owns 202,877 shares of the real estate investment trust’s stock valued at $5,724,000 after acquiring an additional 42,533 shares in the last quarter. Jennison Associates LLC raised its stake in National Storage Affiliates Trust by 30.6% during the 1st quarter. Jennison Associates LLC now owns 1,274,412 shares of the real estate investment trust’s stock valued at $48,096,000 after acquiring an additional 298,602 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in National Storage Affiliates Trust by 53.1% during the 1st quarter. Bessemer Group Inc. now owns 173,985 shares of the real estate investment trust’s stock worth $6,566,000 after acquiring an additional 60,355 shares during the period. Institutional investors own 99.97% of the company’s stock.

Analyst Upgrades and Downgrades

NSA has been the topic of a number of research analyst reports. Barclays raised their price target on 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. Citigroup increased their target price on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Truist Financial raised their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Evercore set a $46.00 price target on shares of National Storage Affiliates Trust and gave the stock a “cautious” rating in a research report on Monday, July 6th. Finally, Weiss Ratings raised shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Twelve investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $38.60.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $43.41 on Monday. The business has a fifty day simple moving average of $44.20 and a 200-day simple moving average of $39.73. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $46.47. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 57.88 and a beta of 1.03. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02.

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 analysts’ consensus estimates of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm had revenue of $185.40 million for the quarter, compared to analyst estimates of $181.69 million. During the same period in the previous year, the firm earned $0.54 earnings per share. National Storage Affiliates Trust’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.22 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm 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 of this dividend was Tuesday, July 21st. National Storage Affiliates Trust’s payout ratio is currently 304.00%.

About National Storage Affiliates Trust

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.