Polar Asset Management Partners Inc. Takes Position in National Storage Affiliates Trust $NSA

by · The Markets Daily

Polar Asset Management Partners Inc. purchased a new position in shares of National Storage Affiliates Trust (NYSE:NSA – Free Report) during the first quarter, HoldingsChannel reports. The firm purchased 104,391 shares of the real estate investment trust’s stock, valued at approximately $3,940,000.

Other large investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System lifted its position in National Storage Affiliates Trust by 1.8% in the first quarter. State of Michigan Retirement System now owns 17,001 shares of the real estate investment trust’s stock valued at $642,000 after purchasing an additional 300 shares during the period. Rockefeller Capital Management L.P. increased its position in National Storage Affiliates Trust by 2.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 13,686 shares of the real estate investment trust’s stock worth $386,000 after purchasing an additional 336 shares during the period. California State Teachers Retirement System raised its stake in shares of National Storage Affiliates Trust by 0.6% during the 2nd quarter. California State Teachers Retirement System now owns 66,648 shares of the real estate investment trust’s stock worth $2,132,000 after buying an additional 392 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of National Storage Affiliates Trust by 2.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 14,503 shares of the real estate investment trust’s stock worth $547,000 after buying an additional 400 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 42.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 424 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently weighed in on NSA shares. UBS Group lifted their price target on National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Friday, July 10th. Truist Financial increased their price objective on National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, June 23rd. Evercore set a $46.00 target price on National Storage Affiliates Trust and gave the company a “cautious” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Citigroup boosted their target price on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. Twelve analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust currently has a consensus rating of “Reduce” and an average price target of $38.60.

View Our Latest Stock Report on NSA

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $43.41 on Monday. The business’s 50 day simple moving average is $44.08 and its 200-day simple moving average is $39.27. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 57.88 and a beta of 1.03. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $46.47.

National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm had revenue of $185.40 million during the quarter, compared to analyst estimates of $181.69 million. During the same quarter in the prior year, the company earned $0.54 EPS. The business’s revenue was down 1.6% on a year-over-year basis. As a group, equities analysts forecast that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a special dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 21st were issued a $0.0336 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio is 304.00%.

National Storage Affiliates Trust Company Profile

(Free Report)

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.

See Also

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