Stevens Capital Management LP Purchases New Holdings in National Storage Affiliates Trust (NSA)

Stevens Capital Management LP purchased a new stake in National Storage Affiliates Trust (NYSE:NSA) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 33,258 shares of the real estate investment trust’s stock, valued at approximately $846,000. Stevens Capital Management LP owned approximately 0.06% of National Storage Affiliates Trust as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Neuburgh Advisers LLC boosted its holdings in shares of 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 valued at $184,000 after buying an additional 1,804 shares in the last quarter. Advisors Preferred LLC boosted its holdings in shares of National Storage Affiliates Trust by 105.7% in the 2nd quarter. Advisors Preferred LLC now owns 3,548 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,823 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in shares of 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 valued at $210,000 after buying an additional 2,100 shares in the last quarter. Tyers Asset Management LLC boosted its holdings in shares of 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 valued at $235,000 after buying an additional 2,296 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of National Storage Affiliates Trust by 10.2% in the 3rd quarter. Louisiana State Employees Retirement System now owns 24,900 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 2,300 shares in the last quarter. Institutional investors and hedge funds own 92.54% of the company’s stock.

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger purchased 10,000 shares of National Storage Affiliates Trust stock in a transaction on Friday, September 14th. The stock was bought at an average cost of $26.80 per share, with a total value of $268,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Tamara D. Fischer purchased 1,200 shares of National Storage Affiliates Trust stock in a transaction on Friday, November 30th. The shares were acquired at an average cost of $23.80 per share, with a total value of $28,560.00. The disclosure for this purchase can be found here. Insiders purchased a total of 31,200 shares of company stock valued at $822,560 over the last quarter. 13.10% of the stock is owned by company insiders.

NSA stock opened at $29.50 on Friday. The company 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 52 week low of $23.10 and a 52 week high of $32.28.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Friday, November 2nd. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). The company had revenue of $85.38 million during the quarter, compared to analyst estimates of $86.37 million. National Storage Affiliates Trust had a return on equity of 1.48% and a net margin of 5.37%. The firm’s revenue for the quarter was up 24.0% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 1.36 EPS for the current fiscal year.

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

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

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

Read More: Price to Earnings Ratio (PE)

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

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