National Storage Affiliates Trust (NYSE:NSA) was the recipient of a significant decrease in short interest in December. As of December 15th, there was short interest totalling 1,891,936 shares, a decrease of 48.4% from the November 30th total of 3,667,205 shares. Based on an average daily volume of 943,022 shares, the short-interest ratio is currently 2.0 days. Approximately 4.3% of the company’s stock are sold short.

Shares of National Storage Affiliates Trust (NSA) opened at $26.96 on Thursday. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.12. National Storage Affiliates Trust has a fifty-two week low of $21.17 and a fifty-two week high of $28.55. The stock has a market cap of $1,340.00 and a PE ratio of 141.89.

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.15%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Thursday, December 14th. National Storage Affiliates Trust’s dividend payout ratio is 589.47%.

A number of brokerages recently issued reports on NSA. Wells Fargo & Co upgraded shares of National Storage Affiliates Trust from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a report on Tuesday, December 19th. B. Riley set a $23.00 price objective on shares of National Storage Affiliates Trust and gave the stock a “hold” rating in a report on Tuesday. Robert W. Baird reiterated a “buy” rating and issued a $29.00 price objective on shares of National Storage Affiliates Trust in a report on Wednesday, November 29th. Jefferies Group set a $31.00 price objective on shares of National Storage Affiliates Trust and gave the stock a “buy” rating in a report on Tuesday, November 28th. Finally, SunTrust Banks reiterated a “hold” rating and issued a $24.00 price objective on shares of National Storage Affiliates Trust in a report on Friday, November 24th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. National Storage Affiliates Trust has a consensus rating of “Hold” and a consensus target price of $26.67.

Hedge funds have recently added to or reduced their stakes in the business. Nationwide Fund Advisors boosted its holdings in National Storage Affiliates Trust by 16.8% during the second quarter. Nationwide Fund Advisors now owns 52,892 shares of the real estate investment trust’s stock valued at $1,222,000 after acquiring an additional 7,592 shares during the period. Northern Trust Corp boosted its holdings in National Storage Affiliates Trust by 12.5% during the second quarter. Northern Trust Corp now owns 742,941 shares of the real estate investment trust’s stock valued at $17,170,000 after acquiring an additional 82,530 shares during the period. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in National Storage Affiliates Trust by 15.5% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 126,655 shares of the real estate investment trust’s stock valued at $2,927,000 after acquiring an additional 17,030 shares during the period. Municipal Employees Retirement System of Michigan bought a new stake in National Storage Affiliates Trust during the third quarter valued at about $403,000. Finally, Numeric Investors LLC bought a new stake in National Storage Affiliates Trust during the second quarter valued at about $1,195,000. Institutional investors own 83.92% of the company’s stock.

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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.

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