National Storage Affiliates Trust $NSA Shares Bought by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board boosted its holdings in National Storage Affiliates Trust (NYSE:NSA) by 35.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 200,695 shares of the real estate investment trust’s stock after buying an additional 52,600 shares during the period. Ontario Teachers Pension Plan Board owned approximately 0.26% of National Storage Affiliates Trust worth $6,065,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Peregrine Capital Management LLC raised its stake in National Storage Affiliates Trust by 7.0% during the 2nd quarter. Peregrine Capital Management LLC now owns 147,013 shares of the real estate investment trust’s stock valued at $4,703,000 after purchasing an additional 9,593 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of National Storage Affiliates Trust by 258.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 118,476 shares of the real estate investment trust’s stock worth $3,580,000 after purchasing an additional 85,382 shares during the period. Capital Fund Management S.A. bought a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth about $1,167,000. Norges Bank acquired a new position in shares of National Storage Affiliates Trust during the second quarter valued at about $21,991,000. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its stake in shares of National Storage Affiliates Trust by 35.6% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 122,774 shares of the real estate investment trust’s stock valued at $3,710,000 after buying an additional 32,252 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

National Storage Affiliates Trust Price Performance

Shares of NYSE NSA opened at $34.30 on Thursday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 56.22 and a beta of 1.19. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $40.62. The business has a 50-day moving average of $30.99 and a 200-day moving average of $30.68. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, March 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 373.77%.

Analyst Upgrades and Downgrades

NSA has been the subject of a number of research reports. Mizuho raised their price objective on National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Wolfe Research upgraded National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Barclays set a $33.00 target price on National Storage Affiliates Trust in a research report on Tuesday, January 13th. Truist Financial boosted their price target on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Finally, Wall Street Zen raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 14th. Ten research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $32.30.

National Storage Affiliates Trust 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.