Stevens Capital Management LP Acquires Shares of 22,361 National Storage (NSA)

Stevens Capital Management LP acquired a new position in shares of National Storage (NYSE:NSA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 22,361 shares of the real estate investment trust’s stock, valued at approximately $561,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its position in National Storage by 10.0% during the fourth quarter. BlackRock Inc. now owns 7,396,387 shares of the real estate investment trust’s stock worth $201,625,000 after purchasing an additional 673,930 shares during the last quarter. ArrowMark Colorado Holdings LLC increased its position in National Storage by 6.6% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 2,999,415 shares of the real estate investment trust’s stock worth $81,764,000 after purchasing an additional 186,259 shares during the last quarter. Lazard Asset Management LLC increased its position in National Storage by 5.7% during the fourth quarter. Lazard Asset Management LLC now owns 1,327,446 shares of the real estate investment trust’s stock worth $36,186,000 after purchasing an additional 71,928 shares during the last quarter. Teachers Advisors LLC increased its position in National Storage by 14.8% during the fourth quarter. Teachers Advisors LLC now owns 1,223,667 shares of the real estate investment trust’s stock worth $33,357,000 after purchasing an additional 157,374 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in National Storage by 5.2% during the fourth quarter. Bank of New York Mellon Corp now owns 689,002 shares of the real estate investment trust’s stock worth $18,783,000 after purchasing an additional 33,783 shares during the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

Shares of NSA opened at $27.29 on Friday. National Storage has a 1-year low of $21.17 and a 1-year high of $28.55. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 2.49 and a beta of 0.58. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96.

National Storage (NYSE:NSA) last announced its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.14. National Storage had a net margin of 4.55% and a return on equity of 1.24%. The business had revenue of $76.49 million during the quarter, compared to analysts’ expectations of $76.72 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue for the quarter was up 24.3% on a year-over-year basis. equities research analysts predict that National Storage will post 1.35 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be paid a $0.29 dividend. This is a positive change from National Storage’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, June 14th. This represents a $1.16 annualized dividend and a dividend yield of 4.25%. National Storage’s dividend payout ratio (DPR) is presently 90.32%.

In other news, Director Mourick Mark Van sold 13,667 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $25.64, for a total value of $350,421.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 13.10% of the company’s stock.

Several equities research analysts recently issued reports on the stock. ValuEngine cut shares of National Storage from a “buy” rating to a “hold” rating in a research report on Thursday, May 17th. Zacks Investment Research upgraded shares of National Storage from a “sell” rating to a “hold” rating in a research report on Tuesday, January 30th. TheStreet upgraded shares of National Storage from a “d+” rating to a “c” rating in a research report on Monday, April 23rd. Jefferies Group set a $30.00 price target on shares of National Storage and gave the company a “buy” rating in a research report on Monday, March 5th. Finally, B. Riley set a $23.00 price target on shares of National Storage and gave the company a “hold” rating in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $26.25.

About National Storage

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.

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

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