Municipal Employees Retirement System of Michigan Purchases Shares of 16,610 National Storage Affiliates Trust (NSA)

Municipal Employees Retirement System of Michigan purchased a new position in National Storage Affiliates Trust (NYSE:NSA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,610 shares of the real estate investment trust’s stock, valued at approximately $403,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its position in shares of National Storage Affiliates Trust by 32.5% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 36,642 shares of the real estate investment trust’s stock worth $888,000 after purchasing an additional 8,991 shares during the last quarter. Jennison Associates LLC raised its position in National Storage Affiliates Trust by 1.7% in the 3rd quarter. Jennison Associates LLC now owns 2,114,041 shares of the real estate investment trust’s stock worth $51,244,000 after buying an additional 34,400 shares during the last quarter. Dupont Capital Management Corp raised its position in National Storage Affiliates Trust by 90.5% in the 3rd quarter. Dupont Capital Management Corp now owns 57,861 shares of the real estate investment trust’s stock worth $1,403,000 after buying an additional 27,489 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in National Storage Affiliates Trust in the 3rd quarter worth about $553,000. Finally, Vaughan Nelson Investment Management L.P. raised its position in National Storage Affiliates Trust by 12.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,687,425 shares of the real estate investment trust’s stock worth $40,903,000 after buying an additional 182,475 shares during the last quarter. 93.47% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have weighed in on NSA shares. Jefferies Group decreased their target price on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a research report on Friday, August 18th. KeyCorp reissued a “hold” rating on shares of National Storage Affiliates Trust in a research report on Friday, August 25th. BidaskClub raised National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research 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 research report on Wednesday, October 4th. Finally, FBR & Co set a $23.00 target price on National Storage Affiliates Trust and gave the stock a “hold” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $26.00.

National Storage Affiliates Trust (NYSE NSA) traded down $1.13 during trading on Friday, hitting $25.51. The company’s stock had a trading volume of 4,492,800 shares, compared to its average volume of 417,819. The company has a market cap of $1,186.44, a P/E ratio of 21.66, a P/E/G ratio of 2.85 and a beta of 0.80. National Storage Affiliates Trust has a 1-year low of $20.31 and a 1-year high of $26.93. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.12.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be paid a dividend of $0.28 per share. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. This represents a $1.12 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Thursday, December 14th. National Storage Affiliates Trust’s payout ratio is currently 650.04%.

ILLEGAL ACTIVITY NOTICE: “Municipal Employees Retirement System of Michigan Purchases Shares of 16,610 National Storage Affiliates Trust (NSA)” was posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://ledgergazette.com/2017/12/08/municipal-employees-retirement-system-of-michigan-purchases-shares-of-16610-national-storage-affiliates-trust-nsa.html.

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.

Want to see what other hedge funds are holding NSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Storage Affiliates Trust (NYSE:NSA).

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 MarketBeat.com's FREE daily email newsletter.

Leave a Reply