Insider Buying: National Storage Affiliates Trust (NYSE:NSA) CFO Purchases 400 Shares of Stock

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National Storage Affiliates Trust (NYSE:NSA) CFO Tamara D. Fischer acquired 400 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of $33.00 per share, with a total value of $13,200.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NSA stock opened at $32.32 on Friday. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.37 and a current ratio of 0.64. National Storage Affiliates Trust has a 1 year low of $25.11 and a 1 year high of $35.76. The stock has a fifty day moving average of $33.94 and a two-hundred day moving average of $31.40. The firm has a market capitalization of $1.95 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 4.18 and a beta of 0.32.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.59). National Storage Affiliates Trust had a negative return on equity of 1.45% and a negative net margin of 4.87%. The business had revenue of $101.34 million for the quarter, compared to analyst estimates of $100.49 million. During the same quarter last year, the firm posted $0.36 EPS. The company’s revenue was up 18.7% compared to the same quarter last year. Equities research analysts predict that National Storage Affiliates Trust will post 1.53 earnings per share for the current fiscal year.

A number of research analysts have issued reports on the company. BMO Capital Markets reiterated a “hold” rating and set a $26.00 price target on shares of National Storage Affiliates Trust in a research report on Thursday, October 31st. Wells Fargo & Co boosted their price target on National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Morgan Stanley boosted their price target on National Storage Affiliates Trust from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, September 16th. Finally, Zacks Investment Research lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $34.00.

A number of hedge funds have recently made changes to their positions in NSA. Nuveen Asset Management LLC acquired a new position in National Storage Affiliates Trust during the 2nd quarter worth $45,783,000. Invesco Ltd. lifted its holdings in shares of National Storage Affiliates Trust by 228.9% in the second quarter. Invesco Ltd. now owns 2,041,493 shares of the real estate investment trust’s stock valued at $59,081,000 after buying an additional 1,420,851 shares during the period. Marshall Wace LLP lifted its holdings in shares of National Storage Affiliates Trust by 3,014.9% in the second quarter. Marshall Wace LLP now owns 688,151 shares of the real estate investment trust’s stock valued at $19,914,000 after buying an additional 666,059 shares during the period. Westwood Holdings Group Inc. acquired a new stake in shares of National Storage Affiliates Trust in the second quarter valued at $17,127,000. Finally, Luminus Management LLC acquired a new stake in shares of National Storage Affiliates Trust in the second quarter valued at $9,732,000. Institutional investors own 93.20% of the company’s stock.

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 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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