B. Metzler seel. Sohn & Co. Holding AG Makes New $2.37 Million Investment in National Storage Affiliates Trust (NYSE:NSA)


Share on StockTwits

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in National Storage Affiliates Trust (NYSE:NSA) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 67,036 shares of the real estate investment trust’s stock, valued at approximately $2,372,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. B&I Capital AG purchased a new position in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $12,426,000. Hill Winds Capital LP lifted its holdings in shares of National Storage Affiliates Trust by 20.0% during the fourth quarter. Hill Winds Capital LP now owns 138,000 shares of the real estate investment trust’s stock valued at $4,972,000 after purchasing an additional 23,000 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of National Storage Affiliates Trust by 15.7% during the fourth quarter. Citigroup Inc. now owns 119,358 shares of the real estate investment trust’s stock valued at $4,300,000 after purchasing an additional 16,198 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of National Storage Affiliates Trust by 13.8% during the fourth quarter. Northern Trust Corp now owns 1,219,662 shares of the real estate investment trust’s stock valued at $43,946,000 after purchasing an additional 147,438 shares during the last quarter. Finally, Cox Capital Mgt LLC lifted its holdings in shares of National Storage Affiliates Trust by 3.3% during the fourth quarter. Cox Capital Mgt LLC now owns 27,243 shares of the real estate investment trust’s stock valued at $982,000 after purchasing an additional 861 shares during the last quarter. Institutional investors and hedge funds own 86.29% of the company’s stock.

NYSE:NSA opened at $41.17 on Thursday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.53. National Storage Affiliates Trust has a 12 month low of $23.91 and a 12 month high of $41.73. The company has a market cap of $2.94 billion, a PE ratio of 93.57 and a beta of 0.38. The company has a 50 day simple moving average of $39.34 and a two-hundred day simple moving average of $36.18.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Sunday, February 21st. The real estate investment trust reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. National Storage Affiliates Trust had a net margin of 10.42% and a return on equity of 3.72%. The business had revenue of $114.11 million during the quarter, compared to the consensus estimate of $108.19 million. During the same quarter in the previous year, the firm posted $0.40 EPS. The firm’s revenue was up 13.5% on a year-over-year basis. Research analysts forecast that National Storage Affiliates Trust will post 1.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.40%. The ex-dividend date of this dividend was Friday, March 12th. National Storage Affiliates Trust’s payout ratio is 90.91%.

A number of brokerages recently weighed in on NSA. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, February 19th. Truist boosted their price objective on shares of National Storage Affiliates Trust from $36.00 to $40.00 in a report on Monday, March 22nd. Truist Securities boosted their price objective on shares of National Storage Affiliates Trust from $36.00 to $40.00 in a report on Monday, March 22nd. Evercore ISI began coverage on shares of National Storage Affiliates Trust in a report on Friday, January 8th. They issued an “outperform” rating and a $42.00 price objective for the company. Finally, Morgan Stanley boosted their price objective on shares of National Storage Affiliates Trust from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, March 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $40.00.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.

Further Reading: What is Compound Annual Growth Rate (CAGR)?

Want to see what other hedge funds are holding NSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Storage Affiliates Trust (NYSE:NSA).

Institutional Ownership by Quarter for National Storage Affiliates Trust (NYSE:NSA)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.