National Storage Affiliates Trust (NYSE:NSA) shares sold by Principal Financial Group Inc.

As HoldingsChannel.com reports, Principal Financial Group Inc. decreased its stake in shares of National Storage Affiliates Trust (NYSE:NSA – Get Rating) by 13.2% during the second quarter. The fund held 416,459 shares of Real Estate Investment Trust stock after selling 63,499 shares during the quarter. Principal Financial Group Inc’s holding in National Storage Affiliates Trust was $20,852,000 as per its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. In the first quarter Vanguard Group Inc. raised its stake in National Storage Affiliates Trust by 1.4%. Vanguard Group Inc. of 13,004,835 shares of the real estate investment trust’s stock valued at $816,183,000 after purchasing an additional 179,504 shares during the period. BlackRock Inc. raised its stake in National Storage Affiliates Trust by 0.4% in the first quarter. After buying an additional 53,622 shares during this period, BlackRock Inc. holds 12,873,852 shares of real estate investment trust worth $807,965,000. State Street Corp boosted its stake in National Storage Affiliates Trust by 14.1% in the first quarter. State Street Corp owns 4,844,317 shares of the real estate investment trust valued at $304,029,000 after purchasing an additional 598,640 shares during the period. Invesco Ltd raised its stake in National Storage Affiliates Trust by 4.9% in the first quarter. Invesco Limited now holds 2,638,737 shares of the real estate investment trust valued at $165,608,000 after purchasing an additional 122,899 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in National Storage Affiliates Trust by 3.3% in the first quarter. Charles Schwab Investment Management Inc. after buying an additional 42,770 shares during the period. now owns 1,348,731 shares of real estate investment trust worth $84,647,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider buying and selling at National Storage Affiliates Trust

In other news, Chairman Arlen Dale Nordhagen acquired 53,000 shares of the firm’s stock in a transaction on Friday, November 4. The shares were purchased at an average price of $37.88 per share for a total transaction of $2,007,640.00. Following the acquisition, the chairman now owns 4,064,851 shares of the company’s stock, valued at approximately $153,976,555.88. The acquisition was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link. In other news, Chairman Arlen Dale Nordhagen acquired 53,000 shares of the firm’s stock in a transaction on Friday, November 4. The shares were purchased at an average price of $37.88 per share for a total transaction of $2,007,640.00. Following the acquisition, the chairman now owns 4,064,851 shares of the company’s stock, valued at approximately $153,976,555.88. The acquisition was disclosed in a document filed with the Securities and Exchange Commission, which is available at this link. In addition, Director Mauric Marc Van acquired 1,280 shares of the firm’s stock in a transaction on Friday, November 4. The stock was bought at an average price of $37.85 per share for a total transaction of $48,448.00. Following the acquisition, the director now directly owns 1,280 shares in the company, valued at approximately $48,448. Disclosure for this purchase can be found here. Over the past 90 days, insiders have bought 69,252 shares of company stock valued at $2,623,760. Corporate insiders hold 11.80% of the company’s stock.

National Storage Affiliates Trust Trading 0.5%

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Shares of the NYSE:NSA opened at $39.50 on Tuesday. The National Storage Affiliates Trust 1-Year Low is $36.75 and 1-Year High is $70.04. The firm has a market capitalization of $3.59 billion, a price-to-earnings ratio of 42.02, a price-to-earnings-growth ratio of 1.95, and a beta of 0.69. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.40 and a quick ratio of 0.40. The 50-day moving average price of the business is $41.20 and its 200-day moving average price is $47.90.

National Storage Affiliates Trust Declares Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 30. A $0.55 dividend will be issued to shareholders of record on Thursday, December 15th. The ex-dividend date for this dividend is Wednesday, December 14. This represents a $2.20 dividend and a yield of 5.57% on an annualized basis. The payout ratio for National Storage Affiliates Trust currently stands at 234.05%.

Wall Street analysts forecast growth

Several equity analysts weighed in on NSA shares recently. Stifel Nicolaus cut its price target on shares of National Storage Affiliates Trust from $73.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, October 24. BMO Capital Markets cut shares of National Storage Affiliates Trust to a “market perform” rating from an “outperform” rating and dropped its price objective for the stock from $48.00 to $42.00 in a research note on Tuesday, November 8. UBS Group initiated coverage on shares of National Storage Affiliates Trust in a research note on Monday, October 17. He set a “neutral” rating and $43.00 price objective on the stock. Evercore ISI cut its price objective on shares of National Storage Affiliates Trust from $58.00 to $56.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 27. Finally, Morgan Stanley cut its price objective on shares of National Storage Affiliates Trust from $52.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 13. One research analyst has rated the stock with a Sell rating, four have a Hold rating and three have a Buy rating on the company. The stock currently has an average rating of “Hold” and a consensus price target of $51.29, according to data from MarketBeat.

National Storage Affiliates Trust Profile

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National Storage Affiliates Trust is a Maryland real estate investment trust focused on owning, operating and acquiring self-storage properties located in the top 100 metropolitan statistical areas across the United States. As of September 30, 2020, the Company owned and operated 788 self-storage properties located in 35 states and Puerto Rico comprising approximately 49.5 million rentable square feet.

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

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