Assetmark Inc. Has $555,000 Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Assetmark Inc. lifted its holdings in shares of National Storage Affiliates Trust (NYSE:NSAGet Rating) by 11.5% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,351 shares of the real estate investment trust’s stock after purchasing an additional 1,375 shares during the period. Assetmark Inc.’s holdings in National Storage Affiliates Trust were worth $555,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. New York State Teachers Retirement System lifted its holdings in shares of National Storage Affiliates Trust by 46.2% during the second quarter. New York State Teachers Retirement System now owns 93,775 shares of the real estate investment trust’s stock worth $4,695,000 after purchasing an additional 29,622 shares during the period. Whittier Trust Co. acquired a new position in shares of National Storage Affiliates Trust during the second quarter worth $184,000. Yousif Capital Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 7.1% during the second quarter. Yousif Capital Management LLC now owns 47,957 shares of the real estate investment trust’s stock worth $2,401,000 after purchasing an additional 3,190 shares during the period. Baird Financial Group Inc. lifted its holdings in shares of National Storage Affiliates Trust by 5.6% during the second quarter. Baird Financial Group Inc. now owns 69,363 shares of the real estate investment trust’s stock worth $3,473,000 after purchasing an additional 3,667 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of National Storage Affiliates Trust during the second quarter worth $41,000. Institutional investors and hedge funds own 85.26% of the company’s stock.

National Storage Affiliates Trust Trading Down 0.2 %

NSA opened at $37.80 on Friday. National Storage Affiliates Trust has a 1-year low of $34.90 and a 1-year high of $67.44. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 1.58. The company has a market cap of $3.43 billion, a P/E ratio of 40.21, a price-to-earnings-growth ratio of 1.81 and a beta of 0.67. The company has a fifty day moving average price of $37.83 and a two-hundred day moving average price of $44.27.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Thursday, December 15th were paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 5.82%. The ex-dividend date was Wednesday, December 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 234.05%.

Wall Street Analysts Forecast Growth

NSA has been the subject of a number of analyst reports. UBS Group initiated coverage on shares of National Storage Affiliates Trust in a research note on Monday, October 17th. They set a “neutral” rating and a $43.00 target price for the company. Wolfe Research initiated coverage on shares of National Storage Affiliates Trust in a research note on Tuesday. They set a “peer perform” rating for the company. Evercore ISI lowered 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. Truist Financial lowered their target price on shares of National Storage Affiliates Trust from $57.00 to $44.00 in a research note on Monday, December 5th. Finally, Morgan Stanley lowered their target price on shares of National Storage Affiliates Trust from $43.00 to $42.00 and set an “equal weight” rating for the company in a research note on Wednesday, December 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $47.89.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Chairman Arlen Dale Nordhagen bought 21,500 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was bought at an average cost of $36.77 per share, with a total value of $790,555.00. Following the completion of the transaction, the chairman now directly owns 4,086,351 shares in the company, valued at approximately $150,255,126.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other National Storage Affiliates Trust news, Chairman Arlen Dale Nordhagen bought 21,500 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was bought at an average cost of $36.77 per share, with a total value of $790,555.00. Following the completion of the transaction, the chairman now directly owns 4,086,351 shares in the company, valued at approximately $150,255,126.27. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mourick Mark Van bought 1,280 shares of the firm’s stock in a transaction dated Friday, November 4th. The shares were acquired at an average cost of $37.85 per share, with a total value of $48,448.00. Following the completion of the transaction, the director now owns 1,280 shares of the company’s stock, valued at $48,448. The disclosure for this purchase can be found here. Insiders acquired a total of 120,752 shares of company stock valued at $4,572,615 over the last three months. Corporate insiders own 11.80% of the company’s stock.

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.

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

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