GSA Capital Partners LLP Takes Position in National Storage Affiliates Trust $NSA

GSA Capital Partners LLP acquired a new position in National Storage Affiliates Trust (NYSE:NSA) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,093 shares of the real estate investment trust’s stock, valued at approximately $607,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Royal Bank of Canada raised its position in shares of National Storage Affiliates Trust by 0.8% during 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 in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of National Storage Affiliates Trust during the first quarter valued at approximately $32,000. Jones Financial Companies Lllp raised its holdings in 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 worth $48,000 after purchasing an additional 821 shares in the last quarter. Goldman Sachs Group Inc. lifted its position 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 period. Finally, Empowered Funds LLC boosted its stake in 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 purchasing an additional 1,209 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Up 3.4%

NYSE:NSA opened at $35.82 on Monday. The stock has a fifty day simple moving average of $31.21 and a 200 day simple moving average of $30.76. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of 58.73 and a beta of 1.19. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $40.62. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, March 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 373.77%.

Wall Street Analyst Weigh In

NSA has been the subject of several research analyst reports. Barclays set a $33.00 price objective on National Storage Affiliates Trust in a report on Tuesday, January 13th. UBS Group dropped their price target on shares of National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, January 8th. Mizuho raised their price objective on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a research report on Monday, January 12th. Wolfe Research raised shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Finally, Morgan Stanley upgraded shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $30.00 to $32.00 in a report on Friday, December 5th. Ten research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average target price of $32.30.

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.