Alberta Investment Management Corp Invests $7.25 Million in National Storage Affiliates Trust $NSA

Alberta Investment Management Corp purchased a new position in National Storage Affiliates Trust (NYSE:NSA) in the fourth quarter, HoldingsChannel reports. The fund purchased 257,000 shares of the real estate investment trust’s stock, valued at approximately $7,250,000.

Several other institutional investors have also recently added to or reduced their stakes in NSA. Advisors Asset Management Inc. bought a new position in National Storage Affiliates Trust during the 1st quarter valued at $32,000. UMB Bank n.a. increased its position in shares of National Storage Affiliates Trust by 650.0% in the 4th quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 975 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of National Storage Affiliates Trust by 81.8% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,302 shares of the real estate investment trust’s stock worth $40,000 after purchasing an additional 586 shares during the last quarter. Parallel Advisors LLC raised its stake 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 purchasing an additional 424 shares in the last quarter. Finally, Global Retirement Partners LLC raised its stake in shares of National Storage Affiliates Trust by 247.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,302 shares in the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NSA shares. Weiss Ratings upgraded National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. UBS Group upped their price objective on National Storage Affiliates Trust from $29.00 to $42.00 and gave the company a “neutral” rating in a research note on Monday, May 18th. Citigroup increased their target price on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Barclays lifted their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Finally, Evercore upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Tuesday, March 17th. Thirteen research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $35.97.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $44.72 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. National Storage Affiliates Trust has a fifty-two week low of $27.43 and a fifty-two week high of $46.47. The firm has a 50-day simple moving average of $42.72 and a 200 day simple moving average of $36.14. The company has a market cap of $3.45 billion, a PE ratio of 59.63 and a beta of 1.05.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $185.40 million for the quarter, compared to analyst estimates of $181.69 million. During the same quarter last year, the company earned $0.54 EPS. National Storage Affiliates Trust’s revenue was down 1.6% compared to the same quarter last year. On average, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.22 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Monday, June 15th. National Storage Affiliates Trust’s dividend payout ratio is presently 304.00%.

National Storage Affiliates Trust Profile

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.