Bank of New York Mellon Corp decreased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 1.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 655,219 shares of the real estate investment trust’s stock after selling 11,976 shares during the period. Bank of New York Mellon Corp owned approximately 1.48% of National Storage Affiliates Trust worth $15,884,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of NSA. BlackRock Inc. raised its position in shares of National Storage Affiliates Trust by 61.6% during the 2nd quarter. BlackRock Inc. now owns 6,334,470 shares of the real estate investment trust’s stock valued at $146,391,000 after acquiring an additional 2,413,808 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of National Storage Affiliates Trust by 53.1% during the 2nd quarter. Renaissance Technologies LLC now owns 1,143,600 shares of the real estate investment trust’s stock valued at $26,429,000 after acquiring an additional 396,500 shares during the last quarter. Vanguard Group Inc. raised its position in shares of National Storage Affiliates Trust by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,417,433 shares of the real estate investment trust’s stock valued at $125,198,000 after acquiring an additional 352,766 shares during the last quarter. Lazard Asset Management LLC raised its position in shares of National Storage Affiliates Trust by 34.5% during the 2nd quarter. Lazard Asset Management LLC now owns 1,368,950 shares of the real estate investment trust’s stock valued at $31,636,000 after acquiring an additional 351,178 shares during the last quarter. Finally, State Street Corp raised its position in shares of National Storage Affiliates Trust by 24.6% during the 2nd quarter. State Street Corp now owns 1,653,310 shares of the real estate investment trust’s stock valued at $38,211,000 after acquiring an additional 326,792 shares during the last quarter. Institutional investors own 83.92% of the company’s stock.

Shares of National Storage Affiliates Trust (NSA) opened at $27.41 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 0.66. National Storage Affiliates Trust has a 1 year low of $21.15 and a 1 year high of $28.55. The company has a market cap of $1,318.65, a price-to-earnings ratio of 21.64, a P/E/G ratio of 2.85 and a beta of 0.80.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a $0.28 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.09%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. National Storage Affiliates Trust’s dividend payout ratio is currently 700.04%.

Several analysts have commented on NSA shares. Robert W. Baird reiterated a “buy” rating and set a $29.00 target price on shares of National Storage Affiliates Trust in a research report on Wednesday, November 29th. Jefferies Group set a $31.00 price objective on shares of National Storage Affiliates Trust and gave the company a “buy” rating in a research report on Tuesday, November 28th. FBR & Co set a $23.00 price objective on shares of National Storage Affiliates Trust and gave the company a “hold” rating in a research report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of National Storage Affiliates Trust in a research report on Friday, August 25th. Finally, SunTrust Banks restated a “hold” rating and issued a $24.00 price objective on shares of National Storage Affiliates Trust in a research report on Friday, November 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $26.67.

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National Storage Affiliates Trust Profile

National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s operating partnership subsidiary is NSA OP, LP.

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

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