14,659 Shares in National Storage Affiliates Trust $NSA Bought by M&T Bank Corp

M&T Bank Corp bought a new position in shares of National Storage Affiliates Trust (NYSE:NSA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,659 shares of the real estate investment trust’s stock, valued at approximately $414,000.

A number of other institutional investors and hedge funds have also bought and sold shares of NSA. Royal Bank of Canada increased its position in National Storage Affiliates Trust by 0.8% during the first quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock worth $4,345,000 after acquiring an additional 898 shares during the period. Advisors Asset Management Inc. bought a new position in National Storage Affiliates Trust during the first quarter worth $32,000. Jones Financial Companies Lllp increased its position in National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares during the period. Goldman Sachs Group Inc. increased its position in National Storage Affiliates Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock worth $3,637,000 after acquiring an additional 27,546 shares during the period. Finally, Empowered Funds LLC increased its position in National Storage Affiliates Trust by 2.0% during the first quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock worth $2,420,000 after acquiring an additional 1,209 shares during the period. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Trading Down 2.3%

Shares of National Storage Affiliates Trust stock opened at $42.60 on Thursday. The firm has a market capitalization of $3.29 billion, a PE ratio of 56.79 and a beta of 1.07. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29. The company’s fifty day moving average price is $39.41 and its two-hundred day moving average price is $33.84. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $44.01.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.38). National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The business had revenue of $185.40 million during the quarter, compared to the consensus estimate of $181.69 million. During the same period last year, the firm earned $0.54 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts expect that National Storage Affiliates Trust will post 2.21 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Barclays boosted their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Weiss Ratings raised shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, May 1st. Evercore raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Wolfe Research raised shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday, January 26th. Finally, Wall Street Zen lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Thirteen investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $34.78.

National Storage Affiliates Trust Company 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.