National Storage Affiliates Trust (NSA) Position Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 12.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 593,268 shares of the real estate investment trust’s stock after acquiring an additional 67,615 shares during the period. Dimensional Fund Advisors LP owned approximately 1.34% of National Storage Affiliates Trust worth $13,711,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in NSA. BlackRock Inc. grew its holdings in National Storage Affiliates Trust by 9,245.1% during the first quarter. BlackRock Inc. now owns 3,920,662 shares of the real estate investment trust’s stock worth $93,703,000 after acquiring an additional 3,878,708 shares during the period. Vaughan Nelson Investment Management L.P. grew its holdings in National Storage Affiliates Trust by 65.8% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,504,950 shares of the real estate investment trust’s stock worth $34,779,000 after acquiring an additional 597,325 shares during the period. Renaissance Technologies LLC grew its holdings in National Storage Affiliates Trust by 53.1% during the second quarter. Renaissance Technologies LLC now owns 1,143,600 shares of the real estate investment trust’s stock worth $26,429,000 after acquiring an additional 396,500 shares during the period. Vanguard Group Inc. grew its holdings in National Storage Affiliates Trust by 7.0% during the second quarter. Vanguard Group Inc. now owns 5,417,433 shares of the real estate investment trust’s stock worth $125,198,000 after acquiring an additional 352,766 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in National Storage Affiliates Trust by 34.5% during the second quarter. Lazard Asset Management LLC now owns 1,368,950 shares of the real estate investment trust’s stock worth $31,636,000 after acquiring an additional 351,178 shares during the period. 96.99% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on NSA. Jefferies Group LLC dropped their price objective on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, August 18th. KeyCorp reaffirmed a “hold” rating on shares of National Storage Affiliates Trust in a report on Friday, August 25th. Robert W. Baird reissued a “buy” rating and issued a $27.00 target price on shares of National Storage Affiliates Trust in a report on Wednesday, October 4th. BidaskClub raised National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. Finally, Zacks Investment Research lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. National Storage Affiliates Trust presently has a consensus rating of “Hold” and an average target price of $24.40.

Shares of National Storage Affiliates Trust (NYSE NSA) opened at $26.13 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a market capitalization of $1,149.63, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.77 and a beta of 0.78. National Storage Affiliates Trust has a twelve month low of $19.37 and a twelve month high of $26.50.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be issued a $0.28 dividend. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.12 annualized dividend and a yield of 4.29%. National Storage Affiliates Trust’s dividend payout ratio is 650.04%.

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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.

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

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