National Storage Affiliates Trust (NYSE:NSA) Stake Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Get Rating) by 96.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,093 shares of the real estate investment trust's stock after selling 483,840 shares during the period. Victory Capital Management Inc.'s holdings in National Storage Affiliates Trust were worth $779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Point72 Hong Kong Ltd bought a new stake in National Storage Affiliates Trust during the first quarter worth approximately $48,000. Mendota Financial Group LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter worth approximately $29,000. Belpointe Asset Management LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter worth approximately $42,000. Kistler Tiffany Companies LLC acquired a new position in National Storage Affiliates Trust in the fourth quarter worth approximately $54,000. Finally, Signaturefd LLC grew its position in National Storage Affiliates Trust by 111.1% in the fourth quarter. Signaturefd LLC now owns 1,543 shares of the real estate investment trust's stock worth $56,000 after buying an additional 812 shares during the last quarter. Institutional investors own 85.26% of the company's stock.

In other news, insider Arlen Dale Nordhagen acquired 25,000 shares of the firm's stock in a transaction on Friday, May 26th. The shares were purchased at an average cost of $36.92 per share, with a total value of $923,000.00. Following the completion of the purchase, the insider now owns 4,012,684 shares of the company's stock, valued at $148,148,293.28. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 13.00% of the company's stock.

NSA has been the topic of several research analyst reports. Bank of America cut shares of National Storage Affiliates Trust from a "neutral" rating to an "underperform" rating and lowered their price objective for the stock from $48.00 to $38.00 in a research report on Monday, May 8th. Wolfe Research cut shares of National Storage Affiliates Trust from a "peer perform" rating to an "underperform" rating in a research report on Wednesday, April 12th. Finally, StockNews.com assumed coverage on shares of National Storage Affiliates Trust in a research note on Thursday, May 18th. They set a "hold" rating for the company. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, National Storage Affiliates Trust has a consensus rating of "Hold" and an average target price of $46.90.

NYSE NSA opened at $37.85 on Monday. The stock has a market cap of $3.34 billion, a P/E ratio of 37.85, a PEG ratio of 9.23 and a beta of 0.72. The company's 50-day simple moving average is $38.93 and its 200 day simple moving average is $39.31. National Storage Affiliates Trust has a twelve month low of $34.90 and a twelve month high of $58.31. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.76.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 5.92%. This is a boost from National Storage Affiliates Trust's previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Wednesday, June 14th. National Storage Affiliates Trust's dividend payout ratio is currently 220.00%.

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

Want to see what other hedge funds are holding NSA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for National Storage Affiliates Trust (NYSE:NSA - Get Rating).

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