Anchor Capital Advisors LLC raised its holdings in National Storage Affiliates Trust (NYSE:NSA) by 64.6% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,580 shares of the real estate investment trust’s stock after purchasing an additional 6,510 shares during the quarter. Anchor Capital Advisors LLC’s holdings in National Storage Affiliates Trust were worth $511,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Neuburgh Advisers LLC bought a new position in National Storage Affiliates Trust in the 1st quarter valued at $105,000. Advisors Preferred LLC raised its position in National Storage Affiliates Trust by 105.7% in the 2nd quarter. Advisors Preferred LLC now owns 3,548 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,823 shares during the last quarter. Eii Capital Management Inc. bought a new position in National Storage Affiliates Trust in the 2nd quarter valued at $113,000. Riverhead Capital Management LLC bought a new position in National Storage Affiliates Trust in the 1st quarter valued at $118,000. Finally, Tyers Asset Management LLC bought a new position in National Storage Affiliates Trust in the 1st quarter valued at $133,000. Hedge funds and other institutional investors own 94.28% of the company’s stock.

Shares of National Storage Affiliates Trust stock opened at $29.30 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a market cap of $1.61 billion, a P/E ratio of 23.60, a P/E/G ratio of 2.63 and a beta of 0.50. National Storage Affiliates Trust has a 12 month low of $21.17 and a 12 month high of $32.28.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, August 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.27). The business had revenue of $79.72 million for the quarter, compared to the consensus estimate of $79.68 million. National Storage Affiliates Trust had a return on equity of 1.29% and a net margin of 4.63%. The business’s revenue was up 23.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.31 earnings per share. equities research analysts anticipate that National Storage Affiliates Trust will post 1.36 earnings per share for the current fiscal year.

NSA has been the subject of several research reports. Zacks Investment Research raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research note on Tuesday, July 31st. DA Davidson set a $37.00 target price on National Storage Affiliates Trust and gave the company a “buy” rating in a research note on Thursday, July 12th. ValuEngine raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, May 29th. TheStreet raised National Storage Affiliates Trust from a “d+” rating to a “c” rating in a research note on Monday, April 23rd. Finally, Morgan Stanley lifted their target price on National Storage Affiliates Trust from $26.00 to $27.00 and gave the company an “equal weight” rating in a research note on Thursday, June 14th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $28.36.

About National Storage Affiliates Trust

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.

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

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