Greenland Capital Management LP Purchases Shares of 148,947 National Storage Affiliates Trust $NSA

Greenland Capital Management LP acquired a new position in National Storage Affiliates Trust (NYSE:NSA) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 148,947 shares of the real estate investment trust’s stock, valued at approximately $4,501,000. Greenland Capital Management LP owned 0.19% of National Storage Affiliates Trust as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NSA. Long Pond Capital LP purchased a new stake in National Storage Affiliates Trust during the second quarter valued at approximately $79,936,000. Balyasny Asset Management L.P. grew its position in shares of National Storage Affiliates Trust by 172.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock valued at $100,670,000 after acquiring an additional 1,989,965 shares during the period. Prudential Financial Inc. grew its position in shares of National Storage Affiliates Trust by 50.0% during the 2nd quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock valued at $66,844,000 after acquiring an additional 696,067 shares during the period. Norges Bank purchased a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth $21,991,000. Finally, Jennison Associates LLC raised its holdings in National Storage Affiliates Trust by 38.5% in the 2nd quarter. Jennison Associates LLC now owns 1,485,145 shares of the real estate investment trust’s stock worth $47,510,000 after purchasing an additional 413,173 shares during the period. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Down 2.3%

Shares of NSA opened at $35.01 on Tuesday. The business’s 50 day moving average is $31.32 and its 200 day moving average is $30.80. 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 company has a market capitalization of $2.69 billion, a PE ratio of 57.39 and a beta of 1.19.

National Storage Affiliates Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Friday, March 13th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, March 13th. National Storage Affiliates Trust’s payout ratio is 373.77%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. National Bank Financial set a $32.00 price target on National Storage Affiliates Trust in a report on Friday, December 5th. Barclays set a $33.00 price objective on National Storage Affiliates Trust in a research report on Tuesday, January 13th. Zacks Research raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. KeyCorp reaffirmed a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. Finally, Wall Street Zen upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Ten research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $32.30.

About National Storage Affiliates Trust

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.