Numeric Investors LLC purchased a new stake in National Storage Affiliates Trust (NYSE:NSA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 51,700 shares of the real estate investment trust’s stock, valued at approximately $1,195,000. Numeric Investors LLC owned approximately 0.12% of National Storage Affiliates Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of National Storage Affiliates Trust by 61.6% in the second quarter. BlackRock Inc. now owns 6,334,470 shares of the real estate investment trust’s stock valued at $146,391,000 after buying an additional 2,413,808 shares in the last quarter. Vanguard Group Inc. raised its position in National Storage Affiliates Trust by 7.0% during the second quarter. Vanguard Group Inc. now owns 5,417,433 shares of the real estate investment trust’s stock valued at $125,198,000 after purchasing an additional 352,766 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in National Storage Affiliates Trust by 65.8% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,504,950 shares of the real estate investment trust’s stock valued at $34,779,000 after purchasing an additional 597,325 shares in the last quarter. Lazard Asset Management LLC raised its position in National Storage Affiliates Trust by 34.5% during the second quarter. Lazard Asset Management LLC now owns 1,368,950 shares of the real estate investment trust’s stock valued at $31,636,000 after purchasing an additional 351,178 shares in the last quarter. Finally, State Street Corp raised its position in National Storage Affiliates Trust by 20.8% during the first quarter. State Street Corp now owns 1,326,518 shares of the real estate investment trust’s stock valued at $31,703,000 after purchasing an additional 228,598 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

Several research analysts have commented on NSA shares. BidaskClub downgraded shares of National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Jefferies Group LLC lowered their price objective on shares of National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, August 18th. FBR & Co set a $23.00 price objective on shares of National Storage Affiliates Trust and gave the company a “hold” rating in a research report on Wednesday, October 4th. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, KeyCorp restated a “hold” rating on shares of National Storage Affiliates Trust in a research report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $24.75.

In other National Storage Affiliates Trust news, CEO Arlen Dale Nordhagen sold 30,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $22.06, for a total value of $661,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 17.70% of the company’s stock.

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National Storage Affiliates Trust (NSA) opened at 24.38 on Wednesday. The firm’s 50-day moving average is $24.00 and its 200 day moving average is $24.00. The firm has a market capitalization of $1.08 billion, a P/E ratio of 93.41 and a beta of 0.79. National Storage Affiliates Trust has a 12 month low of $18.91 and a 12 month high of $24.86.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.27%. The ex-dividend date of this dividend was Thursday, September 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 800.06%.

National Storage Affiliates Trust Profile

National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s operating partnership subsidiary is NSA OP, LP.

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

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