ABC Arbitrage SA Buys New Holdings in National Storage Affiliates Trust $NSA

ABC Arbitrage SA purchased a new position in National Storage Affiliates Trust (NYSE:NSA) during the first quarter, HoldingsChannel reports. The fund purchased 108,503 shares of the real estate investment trust’s stock, valued at approximately $4,095,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NSA. Advisors Asset Management Inc. purchased a new stake in National Storage Affiliates Trust during the 1st quarter valued at approximately $32,000. UMB Bank n.a. lifted its holdings in shares of National Storage Affiliates Trust by 650.0% in the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 975 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 821 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of National Storage Affiliates Trust by 42.5% during the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 424 shares during the last quarter. Finally, Osaic Holdings Inc. boosted its position in shares of National Storage Affiliates Trust by 43.5% during the second 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. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Trading Up 0.7%

Shares of NSA stock opened at $45.07 on Tuesday. The company has a market cap of $3.48 billion, a PE ratio of 60.10 and a beta of 1.03. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $46.47. The stock’s 50 day simple moving average is $43.86 and its two-hundred day simple moving average is $38.25. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). The company had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.National Storage Affiliates Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. Research analysts predict that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently declared a special dividend, which will be paid on Wednesday, July 22nd. Investors of record on Tuesday, July 21st will be given a $0.0336 dividend. The ex-dividend date is Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 304.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Citigroup raised their target price on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research note on Tuesday, May 12th. UBS Group boosted their price target on shares of National Storage Affiliates Trust from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday. BNP Paribas Exane raised shares of National Storage Affiliates Trust from an “underperform” rating to a “neutral” rating and set a $41.00 price objective for the company in a report on Monday, March 16th. Evercore set a $46.00 target price on National Storage Affiliates Trust and gave the stock a “cautious” rating in a research report on Monday, July 6th. Finally, Truist Financial increased their price target on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research note on Tuesday, June 23rd. Twelve equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $38.60.

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.