National Storage Affiliates Trust (NYSE:NSA) was the target of unusually large options trading activity on Thursday. Stock traders acquired 980 call options on the company. This is an increase of approximately 1,507% compared to the typical daily volume of 61 call options.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP grew its position in National Storage Affiliates Trust by 239.7% in the 3rd quarter. GSA Capital Partners LLP now owns 34,936 shares of the real estate investment trust’s stock valued at $847,000 after buying an additional 24,652 shares in the last quarter. California Public Employees Retirement System grew its position in National Storage Affiliates Trust by 12.4% in the 3rd quarter. California Public Employees Retirement System now owns 42,244 shares of the real estate investment trust’s stock valued at $1,024,000 after buying an additional 4,644 shares in the last quarter. Janus Henderson Group PLC grew its position in National Storage Affiliates Trust by 211.0% in the 3rd quarter. Janus Henderson Group PLC now owns 175,765 shares of the real estate investment trust’s stock valued at $4,261,000 after buying an additional 119,256 shares in the last quarter. Asset Management One Co. Ltd. grew its position in National Storage Affiliates Trust by 2.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 94,723 shares of the real estate investment trust’s stock valued at $2,292,000 after buying an additional 2,144 shares in the last quarter. Finally, Convergence Investment Partners LLC bought a new position in National Storage Affiliates Trust in the 3rd quarter valued at about $739,000. Hedge funds and other institutional investors own 93.47% of the company’s stock.

National Storage Affiliates Trust (NYSE NSA) opened at $26.62 on Friday. The stock has a market cap of $1,288.43, a PE ratio of 21.15, a P/E/G ratio of 2.79 and a beta of 0.80. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 0.66. National Storage Affiliates Trust has a 12-month low of $20.72 and a 12-month high of $26.93.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date is Thursday, December 14th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. National Storage Affiliates Trust’s dividend payout ratio is currently 700.04%.

A number of research firms recently weighed in on NSA. Robert W. Baird reaffirmed a “buy” rating and issued a $29.00 price objective on shares of National Storage Affiliates Trust in a report on Wednesday, November 29th. Jefferies Group set a $31.00 price objective on shares of National Storage Affiliates Trust and gave the stock a “buy” rating in a report on Tuesday, November 28th. SunTrust Banks reaffirmed a “hold” rating and issued a $24.00 price objective on shares of National Storage Affiliates Trust in a report on Friday, November 24th. B. Riley set a $23.00 price objective on shares of National Storage Affiliates Trust and gave the stock a “hold” rating in a report on Wednesday, November 15th. Finally, FBR & Co set a $23.00 price objective on shares of National Storage Affiliates Trust and gave the stock a “hold” rating in a report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $26.00.

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About National Storage Affiliates Trust

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.

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