Goldman Sachs Group Inc. boosted its stake in National Storage Affiliates Trust (NYSE:NSA) by 154.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 297,904 shares of the real estate investment trust’s stock after purchasing an additional 180,801 shares during the period. Goldman Sachs Group Inc. owned approximately 0.67% of National Storage Affiliates Trust worth $6,884,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NSA. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in National Storage Affiliates Trust by 16.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,384 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 614 shares in the last quarter. LS Investment Advisors LLC acquired a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $107,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in National Storage Affiliates Trust by 5.6% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,426 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 339 shares in the last quarter. SG Americas Securities LLC acquired a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $155,000. Finally, Teachers Retirement System of The State of Kentucky acquired a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $164,000. Hedge funds and other institutional investors own 97.38% of the company’s stock.

In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of National Storage Affiliates Trust stock in a transaction on Monday, August 7th. The shares were sold at an average price of $22.06, for a total value of $661,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 17.70% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Goldman Sachs Group Inc. Buys 180,801 Shares of National Storage Affiliates Trust (NSA)” was published by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at https://www.watchlistnews.com/goldman-sachs-group-inc-buys-180801-shares-of-national-storage-affiliates-trust-nsa/1647464.html.

National Storage Affiliates Trust (NYSE:NSA) opened at 24.95 on Friday. National Storage Affiliates Trust has a 52-week low of $18.91 and a 52-week high of $26.15. The stock has a market capitalization of $1.10 billion, a PE ratio of 95.59 and a beta of 0.79. The firm has a 50-day moving average of $24.07 and a 200-day moving average of $23.48.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.26 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.04 annualized dividend and a yield of 4.17%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 800.06%.

Several analysts recently issued reports on the company. FBR & Co set a $23.00 price target on National Storage Affiliates Trust and gave the company a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird reiterated a “buy” rating and issued a $27.00 price target on shares of National Storage Affiliates Trust in a report on Wednesday, October 4th. BidaskClub upgraded National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. KeyCorp reiterated a “hold” rating on shares of National Storage Affiliates Trust in a report on Friday, August 25th. Finally, Jefferies Group LLC lowered their price target on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $24.75.

About National Storage Affiliates Trust

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)

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 Analyst Ratings Network's FREE daily email newsletter.