Kayne Anderson Rudnick Investment Management LLC lowered its position in National Storage Affiliates Trust (NYSE:NSA) by 7.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 117,548 shares of the real estate investment trust’s stock after selling 9,107 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 0.27% of National Storage Affiliates Trust worth $2,849,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nationwide Fund Advisors raised its position in shares of National Storage Affiliates Trust by 16.8% in the 2nd quarter. Nationwide Fund Advisors now owns 52,892 shares of the real estate investment trust’s stock worth $1,222,000 after acquiring an additional 7,592 shares in the last quarter. Northern Trust Corp grew its stake in shares of National Storage Affiliates Trust by 12.5% in the 2nd quarter. Northern Trust Corp now owns 742,941 shares of the real estate investment trust’s stock worth $17,170,000 after buying an additional 82,530 shares during the last quarter. Numeric Investors LLC purchased a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth approximately $1,195,000. Vanguard Group Inc. grew its stake in shares of National Storage Affiliates Trust by 7.0% in the 2nd quarter. Vanguard Group Inc. now owns 5,417,433 shares of the real estate investment trust’s stock worth $125,198,000 after buying an additional 352,766 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of National Storage Affiliates Trust by 36.9% in the 2nd quarter. Wells Fargo & Company MN now owns 158,975 shares of the real estate investment trust’s stock worth $3,674,000 after buying an additional 42,851 shares during the last quarter. 96.99% of the stock is owned by hedge funds and other institutional investors.

Shares of National Storage Affiliates Trust (NSA) opened at $25.80 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $1,147.40, a P/E ratio of 20.98, a P/E/G ratio of 2.76 and a beta of 0.78. National Storage Affiliates Trust has a 52 week low of $19.53 and a 52 week high of $26.50.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.12 annualized dividend and a dividend yield of 4.34%. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. National Storage Affiliates Trust’s dividend payout ratio is presently 650.04%.

Several research firms recently weighed in on NSA. Jefferies Group LLC cut their price target on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. KeyCorp restated a “hold” rating on shares of National Storage Affiliates Trust in a research note on Friday, August 25th. Robert W. Baird restated a “buy” rating and issued a $27.00 price target on shares of National Storage Affiliates Trust in a research note on Wednesday, October 4th. BidaskClub upgraded National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Zacks Investment Research downgraded National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

TRADEMARK VIOLATION WARNING: This story was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/11/19/kayne-anderson-rudnick-investment-management-llc-decreases-stake-in-national-storage-affiliates-trust-nsa.html.

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)

Receive News & Stock Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related stocks with our FREE daily email newsletter.