27,912 Shares in National Storage Affiliates Trust $NSA Bought by Legato Capital Management LLC

Legato Capital Management LLC purchased a new stake in National Storage Affiliates Trust (NYSE:NSA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 27,912 shares of the real estate investment trust’s stock, valued at approximately $787,000.

Other large investors have also made changes to their positions in the company. Bank of America Corp DE lifted its position in National Storage Affiliates Trust by 159.2% during the 3rd 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 buying an additional 714,840 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in National Storage Affiliates Trust during the 3rd quarter valued at about $33,082,000. Schonfeld Strategic Advisors LLC lifted its position in National Storage Affiliates Trust by 723.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock valued at $32,261,000 after purchasing an additional 937,939 shares during the period. Dimensional Fund Advisors LP lifted its position in National Storage Affiliates Trust by 1.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,058,899 shares of the real estate investment trust’s stock valued at $32,000,000 after purchasing an additional 14,128 shares during the period. Finally, UBS Group AG lifted its position in National Storage Affiliates Trust by 32.8% during the 4th quarter. UBS Group AG now owns 880,134 shares of the real estate investment trust’s stock valued at $24,829,000 after purchasing an additional 217,234 shares during the period. Institutional investors own 99.97% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 17th. Wells Fargo & Company decreased their price target on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating for the company in a research note on Thursday, February 5th. Citigroup raised their price target on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research note on Tuesday, May 12th. Wall Street Zen downgraded National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, Weiss Ratings raised National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Thirteen research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Reduce” and an average price target of $35.97.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $42.69 on Tuesday. The stock’s 50-day moving average is $40.82 and its 200-day moving average is $34.52. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $44.01. The stock has a market cap of $3.30 billion, a P/E ratio of 56.91 and a beta of 1.07. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $185.40 million for the quarter, compared to analyst estimates of $181.69 million. During the same period in the previous year, the company earned $0.54 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. Equities research analysts anticipate that National Storage Affiliates Trust will post 2.21 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.3%. The ex-dividend date is Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio is 304.00%.

National Storage Affiliates Trust Company 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.