JPMorgan Chase & Co. Has $3.29 Million Holdings in National Storage Affiliates Trust (NSA)

JPMorgan Chase & Co. lessened its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 13.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,227 shares of the real estate investment trust’s stock after selling 22,406 shares during the period. JPMorgan Chase & Co. owned 0.32% of National Storage Affiliates Trust worth $3,287,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in NSA. BlackRock Inc. grew its holdings in National Storage Affiliates Trust by 9,245.1% during the first quarter. BlackRock Inc. now owns 3,920,662 shares of the real estate investment trust’s stock valued at $93,703,000 after purchasing an additional 3,878,708 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its holdings in National Storage Affiliates Trust by 65.8% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,504,950 shares of the real estate investment trust’s stock valued at $34,779,000 after purchasing an additional 597,325 shares during the last quarter. Renaissance Technologies LLC grew its holdings in National Storage Affiliates Trust by 108.7% during the first quarter. Renaissance Technologies LLC now owns 747,100 shares of the real estate investment trust’s stock valued at $17,856,000 after purchasing an additional 389,200 shares during the last quarter. Driehaus Capital Management LLC acquired a new position in National Storage Affiliates Trust during the first quarter valued at approximately $8,828,000. Finally, Bank of New York Mellon Corp grew its holdings in National Storage Affiliates Trust by 102.5% during the second quarter. Bank of New York Mellon Corp now owns 667,195 shares of the real estate investment trust’s stock valued at $15,419,000 after purchasing an additional 337,738 shares during the last quarter. Institutional investors own 97.38% of the company’s stock.

In other National Storage Affiliates Trust news, CEO Arlen Dale Nordhagen sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $22.06, for a total transaction of $661,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 17.70% of the stock is owned by insiders.

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Several equities analysts have commented on the company. FBR & Co set a $23.00 price target on National Storage Affiliates Trust and gave the company a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird reiterated a “buy” rating and set a $27.00 price target on shares of National Storage Affiliates Trust in a report on Wednesday, October 4th. BidaskClub upgraded National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a report on Friday, August 25th. KeyCorp reiterated a “hold” rating on shares of National Storage Affiliates Trust in a report on Friday, August 25th. Finally, Jefferies Group LLC lowered their price target on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.75.

National Storage Affiliates Trust (NYSE:NSA) opened at 24.38 on Wednesday. The firm’s 50-day moving average price is $24.00 and its 200 day moving average price is $24.00. The firm has a market cap of $1.08 billion, a P/E ratio of 93.41 and a beta of 0.79. National Storage Affiliates Trust has a one year low of $18.91 and a one year high of $24.86.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Thursday, September 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 800.06%.

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

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