Raymond James Trust N.A. Makes New Investment in National Storage Affiliates Trust (NYSE:NSA)

Raymond James Trust N.A. acquired a new position in National Storage Affiliates Trust (NYSE:NSAGet Rating) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,188 shares of the real estate investment trust’s stock, valued at approximately $216,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cerity Partners LLC boosted its holdings in National Storage Affiliates Trust by 1.0% in the second quarter. Cerity Partners LLC now owns 17,323 shares of the real estate investment trust’s stock worth $867,000 after purchasing an additional 177 shares during the period. abrdn plc boosted its holdings in National Storage Affiliates Trust by 1.1% in the second quarter. abrdn plc now owns 18,224 shares of the real estate investment trust’s stock worth $915,000 after purchasing an additional 199 shares during the period. Cambridge Investment Research Advisors Inc. boosted its holdings in National Storage Affiliates Trust by 5.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 4,045 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 205 shares during the period. Moseley Investment Management Inc. boosted its holdings in National Storage Affiliates Trust by 0.9% in the third quarter. Moseley Investment Management Inc. now owns 27,640 shares of the real estate investment trust’s stock worth $1,149,000 after purchasing an additional 255 shares during the period. Finally, Cibc World Markets Corp boosted its holdings in shares of National Storage Affiliates Trust by 0.7% during the first quarter. Cibc World Markets Corp now owns 41,257 shares of the real estate investment trust’s stock valued at $2,589,000 after acquiring an additional 292 shares during the period. Institutional investors and hedge funds own 85.26% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $37.88 on Tuesday. National Storage Affiliates Trust has a fifty-two week low of $34.90 and a fifty-two week high of $67.44. The firm’s 50-day simple moving average is $37.86 and its 200 day simple moving average is $44.45. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 1.58. The stock has a market cap of $3.44 billion, a P/E ratio of 40.30, a P/E/G ratio of 1.81 and a beta of 0.67.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 5.81%. The ex-dividend date was Wednesday, December 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 234.05%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on NSA shares. StockNews.com downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, December 3rd. UBS Group started coverage on shares of National Storage Affiliates Trust in a report on Monday, October 17th. They set a “neutral” rating and a $43.00 price target for the company. Robert W. Baird downgraded shares of National Storage Affiliates Trust from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $62.00 to $45.00 in a report on Friday, December 2nd. BMO Capital Markets downgraded shares of National Storage Affiliates Trust from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $48.00 to $42.00 in a report on Tuesday, November 8th. Finally, Truist Financial reduced their price target on shares of National Storage Affiliates Trust from $57.00 to $44.00 in a report on Monday, December 5th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $47.89.

Insiders Place Their Bets

In other National Storage Affiliates Trust news, Chairman Arlen Dale Nordhagen purchased 53,000 shares of the company’s stock in a transaction on Friday, November 4th. The shares were purchased at an average cost of $37.88 per share, for a total transaction of $2,007,640.00. Following the completion of the transaction, the chairman now owns 4,064,851 shares in the company, valued at $153,976,555.88. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Mourick Mark Van acquired 1,280 shares of the business’s stock in a transaction on Friday, November 4th. The shares were purchased at an average price of $37.85 per share, for a total transaction of $48,448.00. Following the acquisition, the director now owns 1,280 shares in the company, valued at $48,448. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Arlen Dale Nordhagen acquired 53,000 shares of the business’s stock in a transaction on Friday, November 4th. The shares were bought at an average price of $37.88 per share, for a total transaction of $2,007,640.00. Following the acquisition, the chairman now owns 4,064,851 shares in the company, valued at approximately $153,976,555.88. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 120,752 shares of company stock worth $4,572,615. 11.80% of the stock is owned by corporate insiders.

About National Storage Affiliates Trust

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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.

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

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