NGAM Advisors L.P. increased its position in National Storage Affiliates Trust (NYSE:NSA) by 62.6% during the second quarter, Holdings Channel reports. The firm owned 130,146 shares of the real estate investment trust’s stock after buying an additional 50,128 shares during the period. NGAM Advisors L.P.’s holdings in National Storage Affiliates Trust were worth $3,008,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Boston Advisors LLC bought a new position in shares of National Storage Affiliates Trust during the second quarter worth $3,347,000. Russell Investments Group Ltd. increased its position in shares of National Storage Affiliates Trust by 72.2% in the second quarter. Russell Investments Group Ltd. now owns 29,533 shares of the real estate investment trust’s stock worth $683,000 after buying an additional 12,384 shares during the period. Forsta AP Fonden bought a new position in shares of National Storage Affiliates Trust during the second quarter worth $471,000. Louisiana State Employees Retirement System bought a new position in shares of National Storage Affiliates Trust during the second quarter worth $418,000. Finally, LS Investment Advisors LLC bought a new position in shares of National Storage Affiliates Trust during the second quarter worth $107,000. 91.51% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust (NSA) opened at 22.07 on Friday. The company has a 50 day moving average of $22.53 and a 200-day moving average of $23.48. The stock has a market capitalization of $975.98 million, a P/E ratio of 84.56 and a beta of 0.74. National Storage Affiliates Trust has a one year low of $18.81 and a one year high of $26.15.

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A number of equities analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. Jefferies Group LLC reissued a “buy” rating and issued a $28.00 price target on shares of National Storage Affiliates Trust in a report on Monday, May 22nd. Finally, FBR & Co reissued a “hold” rating and issued a $23.00 price target on shares of National Storage Affiliates Trust in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $25.20.

In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of National Storage Affiliates Trust stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $22.06, for a total value of $661,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.70% of the stock is currently owned by company insiders.

National Storage Affiliates Trust Company 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.

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

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