20,500 Shares in National Storage Affiliates Trust $NSA Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System acquired a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) in the first quarter, HoldingsChannel.com reports. The fund acquired 20,500 shares of the real estate investment trust’s stock, valued at approximately $774,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Balyasny Asset Management L.P. boosted its position in shares of National Storage Affiliates Trust by 11.6% during the fourth quarter. Balyasny Asset Management L.P. now owns 2,622,624 shares of the real estate investment trust’s stock worth $73,984,000 after acquiring an additional 273,095 shares during the last quarter. Cohen & Steers Inc. boosted its holdings in shares of National Storage Affiliates Trust by 145.6% during the 4th quarter. Cohen & Steers Inc. now owns 2,161,651 shares of the real estate investment trust’s stock valued at $60,980,000 after purchasing an additional 1,281,337 shares during the last quarter. Rush Island Management LP purchased a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at about $33,788,000. Bank of America Corp DE increased its holdings in shares of National Storage Affiliates Trust by 159.2% in the third quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock worth $35,169,000 after purchasing an additional 714,840 shares during the last quarter. Finally, Hudson Bay Capital Management LP lifted its position in shares of National Storage Affiliates Trust by 5.5% in the fourth quarter. Hudson Bay Capital Management LP now owns 1,154,705 shares of the real estate investment trust’s stock worth $32,574,000 after buying an additional 60,009 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NSA. Barclays increased their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. Weiss Ratings raised shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Truist Financial increased their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Evercore set a $46.00 target price on shares of National Storage Affiliates Trust and gave the company a “cautious” rating in a research report on Monday. Finally, UBS Group increased their price target on shares of National Storage Affiliates Trust from $29.00 to $42.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Twelve investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $38.33.

National Storage Affiliates Trust Trading Up 1.2%

Shares of NYSE:NSA traded up $0.56 during trading hours on Tuesday, hitting $45.88. 4,001 shares of the company’s stock traded hands, compared to its average volume of 1,453,381. The firm has a market capitalization of $3.54 billion, a P/E ratio of 61.06 and a beta of 1.03. The business has a fifty day moving average price of $43.60 and a 200-day moving average price of $37.66. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $46.47. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The business had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. Equities analysts expect that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date of this dividend was Monday, June 15th. National Storage Affiliates Trust’s payout ratio is currently 304.00%.

National Storage Affiliates Trust Profile

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.