Stevens Capital Management LP Takes $846,000 Position in National Storage Affiliates Trust (NSA)

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Stevens Capital Management LP bought a new stake in shares of National Storage Affiliates Trust (NYSE:NSA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,258 shares of the real estate investment trust’s stock, valued at approximately $846,000.

Several other large investors have also recently bought and sold shares of NSA. Advisors Preferred LLC increased its holdings in shares of National Storage Affiliates Trust by 105.7% during the 2nd quarter. Advisors Preferred LLC now owns 3,548 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,823 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of National Storage Affiliates Trust during the 3rd quarter valued at approximately $163,000. Neuburgh Advisers LLC increased its holdings in National Storage Affiliates Trust by 43.2% in the 2nd quarter. Neuburgh Advisers LLC now owns 5,984 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 1,804 shares in the last quarter. Riverhead Capital Management LLC increased its holdings in National Storage Affiliates Trust by 44.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $210,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Tyers Asset Management LLC increased its holdings in National Storage Affiliates Trust by 43.2% in the 2nd quarter. Tyers Asset Management LLC now owns 7,616 shares of the real estate investment trust’s stock worth $235,000 after acquiring an additional 2,296 shares in the last quarter. 92.54% of the stock is owned by hedge funds and other institutional investors.

In other National Storage Affiliates Trust news, CFO Tamara D. Fischer bought 1,200 shares of the stock in a transaction on Friday, November 30th. The shares were bought at an average price of $23.80 per share, with a total value of $28,560.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Arlen Dale Nordhagen bought 20,000 shares of the stock in a transaction on Monday, November 5th. The shares were acquired at an average cost of $26.30 per share, for a total transaction of $526,000.00. The disclosure for this purchase can be found here. In the last three months, insiders purchased 31,200 shares of company stock valued at $822,560. 13.10% of the stock is owned by insiders.

Shares of NYSE NSA opened at $29.50 on Friday. The firm has a market capitalization of $1.68 billion, a P/E ratio of 23.79, a P/E/G ratio of 2.73 and a beta of 0.36. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.97. National Storage Affiliates Trust has a one year low of $23.10 and a one year high of $32.28.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Friday, November 2nd. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.31). The company had revenue of $85.38 million during the quarter, compared to analysts’ expectations of $86.37 million. National Storage Affiliates Trust had a return on equity of 1.48% and a net margin of 5.37%. National Storage Affiliates Trust’s revenue was up 24.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 EPS. Equities research analysts expect that National Storage Affiliates Trust will post 1.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.07%. The ex-dividend date is Thursday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.29. National Storage Affiliates Trust’s payout ratio is presently 93.55%.

Several equities research analysts recently commented on NSA shares. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. ValuEngine lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, November 2nd. Jefferies Financial Group raised shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $31.00 in a report on Thursday, October 4th. Finally, Citigroup cut their price target on shares of National Storage Affiliates Trust from $30.00 to $26.00 and set a “hold” rating for the company in a report on Friday, October 5th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $29.00.

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About National Storage Affiliates Trust

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 669 self storage properties located in 34 states and Puerto Rico with approximately 42.5 million rentable square feet.

Read More: Earnings Per Share (EPS)

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

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