OppenheimerFunds Inc. increased its position in National Storage Affiliates Trust (NYSE:NSA) by 3.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,118,800 shares of the real estate investment trust’s stock after buying an additional 34,961 shares during the period. OppenheimerFunds Inc. owned about 1.98% of National Storage Affiliates Trust worth $34,481,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NSA. BlackRock Inc. increased its position in National Storage Affiliates Trust by 4.9% during the second quarter. BlackRock Inc. now owns 9,188,151 shares of the real estate investment trust’s stock worth $283,180,000 after purchasing an additional 429,056 shares during the last quarter. Renaissance Technologies LLC increased its position in National Storage Affiliates Trust by 3.4% during the second quarter. Renaissance Technologies LLC now owns 1,013,800 shares of the real estate investment trust’s stock worth $31,245,000 after purchasing an additional 33,500 shares during the last quarter. Northern Trust Corp increased its position in National Storage Affiliates Trust by 16.9% during the first quarter. Northern Trust Corp now owns 865,429 shares of the real estate investment trust’s stock worth $21,705,000 after purchasing an additional 125,157 shares during the last quarter. Bank of New York Mellon Corp increased its position in National Storage Affiliates Trust by 3.1% during the second quarter. Bank of New York Mellon Corp now owns 755,761 shares of the real estate investment trust’s stock worth $23,293,000 after purchasing an additional 22,838 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in National Storage Affiliates Trust by 3.5% during the second quarter. Dimensional Fund Advisors LP now owns 740,723 shares of the real estate investment trust’s stock worth $22,829,000 after purchasing an additional 24,761 shares during the last quarter. 84.97% of the stock is owned by institutional investors and hedge funds.

NSA has been the subject of several research analyst reports. Zacks Investment Research raised shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, July 19th. ValuEngine raised shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, May 29th. DA Davidson set a $37.00 price target on shares of National Storage Affiliates Trust and gave the stock a “buy” rating in a research report on Thursday, July 12th. Morgan Stanley upped their price target on shares of National Storage Affiliates Trust from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Thursday, June 14th. Finally, Jefferies Financial Group lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating and set a $32.00 price target for the company. in a research report on Tuesday, July 17th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $28.36.

National Storage Affiliates Trust stock opened at $27.34 on Friday. National Storage Affiliates Trust has a 52-week low of $22.97 and a 52-week high of $32.28. The firm has a market capitalization of $1.54 billion, a PE ratio of 20.80, a price-to-earnings-growth ratio of 2.52 and a beta of 0.46. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.05.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Monday, August 6th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.27). National Storage Affiliates Trust had a return on equity of 1.29% and a net margin of 4.63%. The business had revenue of $79.72 million during the quarter, compared to analyst estimates of $79.68 million. During the same period in the previous year, the company earned $0.31 EPS. National Storage Affiliates Trust’s revenue was up 23.9% on a year-over-year basis. research analysts anticipate that National Storage Affiliates Trust will post 1.35 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Thursday, September 13th. National Storage Affiliates Trust’s payout ratio is currently 93.55%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 533 self storage properties located in 29 states with approximately 33 million rentable square feet.

Further Reading: What is intrinsic value?

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

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