Published on September 9th, 2019 📆 | 5414 Views ⚑0
National Storage Affiliates Trust (NYSE:NSA) Shares Sold by GSA Capital Partners LLP
GSA Capital Partners LLP trimmed its position in National Storage Affiliates Trust (NYSE:NSA) by 20.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,280 shares of the real estate investment trust’s stock after selling 4,039 shares during the quarter. GSA Capital Partners LLP’s holdings in National Storage Affiliates Trust were worth $442,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. FMR LLC bought a new position in shares of National Storage Affiliates Trust in the first quarter worth about $32,000. Quantamental Technologies LLC bought a new position in National Storage Affiliates Trust in the 1st quarter valued at approximately $44,000. Advisory Alpha LLC acquired a new stake in National Storage Affiliates Trust in the first quarter valued at approximately $45,000. Marshall Wace North America L.P. boosted its position in National Storage Affiliates Trust by 21.6% in the first quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 335 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of National Storage Affiliates Trust during the second quarter worth $166,000. 94.91% of the stock is currently owned by institutional investors and hedge funds.
NSA has been the topic of a number of research reports. ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Stifel Nicolaus began coverage on National Storage Affiliates Trust in a report on Monday, August 19th. They set a “buy” rating and a $36.00 price target on the stock. Wells Fargo & Co raised their price objective on shares of National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, August 30th. Finally, Robert W. Baird set a $37.00 price objective on National Storage Affiliates Trust and gave the company a “buy” rating in a report on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $32.86.
Shares of NYSE NSA traded down $0.46 during mid-day trading on Monday, reaching $33.39. 2,047 shares of the company’s stock were exchanged, compared to its average volume of 348,520. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of 24.32, a price-to-earnings-growth ratio of 4.38 and a beta of 0.32. The firm has a 50-day moving average price of $31.76 and a two-hundred day moving average price of $29.69. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.37 and a quick ratio of 0.37. National Storage Affiliates Trust has a 52 week low of $24.44 and a 52 week high of $34.80.
National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.57). The business had revenue of $95.42 million for the quarter, compared to the consensus estimate of $95.75 million. National Storage Affiliates Trust had a negative net margin of 1.41% and a negative return on equity of 0.41%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.34 earnings per share. As a group, sell-side analysts forecast that National Storage Affiliates Trust will post 1.53 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 13th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.83%. The ex-dividend date is Thursday, September 12th. National Storage Affiliates Trust’s dividend payout ratio is currently 92.75%.
National Storage Affiliates Trust Company Profile
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. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.
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