National Storage Affiliates Trust (NSA) Holdings Increased by Symphony Asset Management LLC

Symphony Asset Management LLC raised its holdings in National Storage Affiliates Trust (NYSE:NSA) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,377 shares of the real estate investment trust’s stock after acquiring an additional 708 shares during the period. Symphony Asset Management LLC’s holdings in National Storage Affiliates Trust were worth $424,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Martingale Asset Management L P raised its holdings in shares of National Storage Affiliates Trust by 11.2% in the 2nd quarter. Martingale Asset Management L P now owns 10,900 shares of the real estate investment trust’s stock valued at $252,000 after acquiring an additional 1,100 shares in the last quarter. Wells Fargo & Company MN raised its holdings in shares of National Storage Affiliates Trust by 36.9% in the 2nd quarter. Wells Fargo & Company MN now owns 158,975 shares of the real estate investment trust’s stock valued at $3,674,000 after acquiring an additional 42,851 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of National Storage Affiliates Trust by 15.5% in the 2nd 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 in the last quarter. State of Tennessee Treasury Department purchased a new stake in shares of National Storage Affiliates Trust in the 2nd quarter valued at about $965,000. Finally, Swiss National Bank raised its holdings in shares of National Storage Affiliates Trust by 4.7% in the 2nd quarter. Swiss National Bank now owns 73,079 shares of the real estate investment trust’s stock valued at $1,689,000 after acquiring an additional 3,300 shares in the last quarter. 97.38% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $22.06, for a total value of $661,800.00. The transaction was disclosed in a filing with the SEC, which is available through this link. 17.70% of the stock is currently owned by insiders.

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NSA has been the topic of several recent analyst reports. BidaskClub cut National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. KeyCorp reaffirmed a “hold” rating on shares of National Storage Affiliates Trust in a report on Friday, August 25th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $28.00 price target on shares of National Storage Affiliates Trust in a report on Monday, May 22nd. Finally, Zacks Investment Research cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $25.00.

Shares of National Storage Affiliates Trust (NYSE NSA) opened at 23.32 on Friday. National Storage Affiliates Trust has a 12-month low of $18.91 and a 12-month high of $24.86. The stock has a market cap of $1.03 billion, a PE ratio of 89.33 and a beta of 0.76. The firm has a 50 day moving average price of $23.46 and a 200 day moving average price of $23.98.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.46%. National Storage Affiliates Trust’s dividend payout ratio is currently 800.06%.

About National Storage Affiliates Trust

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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