Ontario Teachers Pension Plan Board Has $6.07 Million Stock Holdings in National Storage Affiliates Trust $NSA

Ontario Teachers Pension Plan Board grew its holdings in National Storage Affiliates Trust (NYSE:NSA) by 35.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 200,695 shares of the real estate investment trust’s stock after purchasing an additional 52,600 shares during the period. Ontario Teachers Pension Plan Board’s holdings in National Storage Affiliates Trust were worth $6,065,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of NSA. Peak Financial Advisors LLC increased its stake in National Storage Affiliates Trust by 3.0% in the 3rd quarter. Peak Financial Advisors LLC now owns 13,272 shares of the real estate investment trust’s stock valued at $401,000 after buying an additional 382 shares during the last quarter. California State Teachers Retirement System boosted its position in shares of National Storage Affiliates Trust by 0.6% in the second quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock valued at $2,132,000 after acquiring an additional 392 shares during the period. Osaic Holdings Inc. increased its stake in National Storage Affiliates Trust by 43.5% in the 2nd quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 541 shares during the last quarter. Advisors Asset Management Inc. raised its stake in National Storage Affiliates Trust by 72.1% in the second quarter. Advisors Asset Management Inc. now owns 1,387 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 581 shares in the last quarter. Finally, Jones Financial Companies Lllp lifted its stake in National Storage Affiliates Trust by 81.8% during the third quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 586 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Trading Up 0.7%

Shares of NSA stock opened at $34.30 on Thursday. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 12-month low of $27.43 and a 12-month high of $40.62. The stock has a market capitalization of $2.64 billion, a P/E ratio of 56.22 and a beta of 1.19. The firm’s 50 day moving average is $30.99 and its 200 day moving average is $30.68.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 6.6%. The ex-dividend date of this dividend is Friday, March 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 373.77%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Wall Street Zen upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. KeyCorp reissued a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. National Bank Financial set a $32.00 price target on National Storage Affiliates Trust in a research report on Friday, December 5th. Wolfe Research upgraded shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Finally, Morgan Stanley upgraded shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $30.00 to $32.00 in a research note on Friday, December 5th. Ten investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, National Storage Affiliates Trust has an average rating of “Reduce” and a consensus target price of $32.30.

National Storage Affiliates Trust 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.