Strs Ohio Has $3.86 Million Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Strs Ohio trimmed its stake in shares of National Storage Affiliates Trust (NYSE:NSA – Get Rating) by 20.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,851 shares of the real estate investment trust’s stock after selling 24,016 shares during the quarter. Strs Ohio owned 0.10% of National Storage Affiliates Trust worth $3,860,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in NSA. Zimmer Partners LP acquired a new stake in National Storage Affiliates Trust during the second quarter valued at approximately $40,056,000. State Street Corp raised its stake in shares of National Storage Affiliates Trust by 14.1% in the first quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust’s stock valued at $304,029,000 after acquiring an additional 598,640 shares during the last quarter. TimesSquare Capital Management LLC bought a new position in shares of National Storage Affiliates Trust in the second quarter valued at approximately $26,076,000. Ranger Global Real Estate Advisors LLC raised its stake in shares of National Storage Affiliates Trust by 683.1% in the second quarter. Ranger Global Real Estate Advisors LLC now owns 565,223 shares of the real estate investment trust’s stock valued at $14,803,000 after acquiring an additional 493,043 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of National Storage Affiliates Trust by 53.8% in the second quarter. Jennison Associates LLC now owns 1,324,556 shares of the real estate investment trust’s stock valued at $66,321,000 after acquiring an additional 463,539 shares during the last quarter. 85.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Chairman Arlen Dale Nordhagen bought 53,000 shares of the company’s stock in a transaction on Friday, November 4th. The stock was bought at an average price of $37.88 per share, for a total transaction of $2,007,640.00. Following the transaction, the chairman now owns 4,064,851 shares of the company’s stock, valued at approximately $153,976,555.88. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other National Storage Affiliates Trust news, Director Mourick Mark Van bought 1,280 shares of the company’s stock in a transaction on Friday, November 4th. The stock was bought at an average price of $37.85 per share, for a total transaction of $48,448.00. Following the transaction, the director now owns 1,280 shares of the company’s stock, valued at approximately $48,448. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Arlen Dale Nordhagen purchased 53,000 shares of the firm’s stock in a transaction dated Friday, November 4th. The stock was purchased at an average cost of $37.88 per share, with a total value of $2,007,640.00. Following the acquisition, the chairman now directly owns 4,064,851 shares in the company, valued at $153,976,555.88. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 120,752 shares of company stock worth $4,572,615. Insiders own 11.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on NSA. Evercore ISI cut their target price on shares of National Storage Affiliates Trust from $58.00 to $56.00 and set an “outperform” rating for the company in a research note on Tuesday, September 27th. UBS Group began coverage on shares of National Storage Affiliates Trust in a research note on Monday, October 17th. They issued a “neutral” rating and a $43.00 target price for the company. Truist Financial cut their target price on shares of National Storage Affiliates Trust from $57.00 to $44.00 in a research note on Monday, December 5th. Robert W. Baird cut shares of National Storage Affiliates Trust from an “outperform” rating to a “neutral” rating and cut their target price for the company from $62.00 to $45.00 in a research note on Friday, December 2nd. Finally, Citigroup dropped their price objective on shares of National Storage Affiliates Trust from $56.50 to $41.00 in a research report on Wednesday, December 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus target price of $47.89.

National Storage Affiliates Trust Stock Performance

NSA stock opened at $36.49 on Tuesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.40 and a quick ratio of 0.40. The company has a 50 day moving average price of $38.00 and a 200 day moving average price of $44.90. National Storage Affiliates Trust has a fifty-two week low of $34.90 and a fifty-two week high of $67.44. The stock has a market capitalization of $3.32 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.67.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 6.03%. The ex-dividend date was Wednesday, December 14th. National Storage Affiliates Trust’s payout ratio is 234.05%.

National Storage Affiliates Trust Company Profile

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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. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.