National Storage Affiliates Trust (NYSE:NSA) Shares Sold by LS Investment Advisors LLC
LS Investment Advisors LLC trimmed its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 21.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,375 shares of the real estate investment trust’s stock after selling 2,630 shares during the period. LS Investment Advisors LLC’s holdings in National Storage Affiliates Trust were worth $256,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NSA. Pinebridge Investments L.P. purchased a new position in shares of National Storage Affiliates Trust in the 3rd quarter worth $133,000. Schroder Investment Management Group purchased a new position in National Storage Affiliates Trust in the third quarter valued at about $155,000. Teachers Retirement System of The State of Kentucky purchased a new position in National Storage Affiliates Trust in the second quarter valued at about $164,000. Orinda Asset Management LLC purchased a new position in National Storage Affiliates Trust in the fourth quarter valued at about $204,000. Finally, Gilman Hill Asset Management LLC purchased a new position in National Storage Affiliates Trust in the fourth quarter valued at about $208,000. Institutional investors and hedge funds own 93.35% of the company’s stock.
Shares of National Storage Affiliates Trust (NYSE NSA) traded down $0.25 on Thursday, hitting $25.57. 377,222 shares of the stock were exchanged, compared to its average volume of 344,207. The firm has a market capitalization of $1,270.00 and a price-to-earnings ratio of 1,278.50. National Storage Affiliates Trust has a 1-year low of $21.17 and a 1-year high of $28.55. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.67 and a quick ratio of 0.67.
A number of analysts have recently issued reports on NSA shares. B. Riley set a $23.00 target price on National Storage Affiliates Trust and gave the stock a “hold” rating in a research report on Wednesday, November 15th. SunTrust Banks restated a “hold” rating and issued a $24.00 target price on shares of National Storage Affiliates Trust in a research note on Friday, November 24th. Jefferies Group set a $31.00 price target on National Storage Affiliates Trust and gave the company a “buy” rating in a report on Tuesday, November 28th. Robert W. Baird reissued a “buy” rating and set a $29.00 target price on shares of National Storage Affiliates Trust in a report on Wednesday, November 29th. Finally, Wells Fargo & Co raised National Storage Affiliates Trust from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a report on Tuesday, December 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $26.29.
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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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