Public Employees Retirement System of Ohio Sells 16,285 Shares of National Storage Affiliates Trust $NSA

Public Employees Retirement System of Ohio reduced its stake in National Storage Affiliates Trust (NYSE:NSA) by 13.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,504 shares of the real estate investment trust’s stock after selling 16,285 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.13% of National Storage Affiliates Trust worth $3,869,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of NSA. Advisors Asset Management Inc. bought a new position in shares of National Storage Affiliates Trust in the 1st quarter worth $32,000. UMB Bank n.a. lifted its holdings in shares of National Storage Affiliates Trust by 650.0% during the 4th quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 975 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 42.5% during the 3rd 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. Jones Financial Companies Lllp grew its position in 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 acquiring an additional 821 shares in the last quarter. Finally, Global Retirement Partners LLC grew its position in National Storage Affiliates Trust by 247.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,302 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NSA shares. UBS Group raised their price target on National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, July 10th. Barclays increased their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Weiss Ratings upgraded National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Evercore set a $46.00 target price on National Storage Affiliates Trust and gave the stock a “cautious” rating in a research note on Monday, July 6th. Finally, Citigroup increased their price target on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Twelve equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Reduce” and an average target price of $38.60.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $43.41 on Friday. The business has a 50 day moving average of $44.18 and a 200 day moving average of $39.65. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $46.47. The company has a market cap of $3.35 billion, a PE ratio of 57.88 and a beta of 1.03. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The company had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. During the same quarter last year, the business earned $0.54 earnings per share. The business’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, equities research analysts forecast that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a special dividend, which was paid on Wednesday, July 22nd. Investors of record on Tuesday, July 21st were paid a $0.0336 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio is presently 304.00%.

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.