GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in shares of National Storage Affiliates Trust (NYSE:NSA – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 18,982 shares of the real estate investment trust’s stock, valued at approximately $716,000.
Other hedge funds also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. purchased a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at approximately $32,000. UMB Bank n.a. raised its stake in shares of National Storage Affiliates Trust by 650.0% during the fourth quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 975 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 821 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 42.5% during the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 424 shares during the period. Finally, Osaic Holdings Inc. lifted its holdings in shares of National Storage Affiliates Trust by 43.5% during the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 541 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have issued reports on NSA. Evercore set a $46.00 price objective on shares of National Storage Affiliates Trust and gave the company a “cautious” rating in a research note on Monday, July 6th. UBS Group raised their target price on shares of National Storage Affiliates Trust from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, July 10th. Citigroup lifted their target price on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the company a “neutral” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, May 1st. Finally, Truist Financial increased their price target on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, June 23rd. Twelve equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $38.60.
National Storage Affiliates Trust Stock Performance
NYSE:NSA opened at $43.41 on Friday. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $46.47. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.29 and a current ratio of 0.29. The stock has a fifty day moving average price of $44.08 and a two-hundred day moving average price of $39.19. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 57.88 and a beta of 1.03.
National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.38). The company had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $181.69 million. National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.National Storage Affiliates Trust’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.
National Storage Affiliates Trust Announces Dividend
The business also recently announced a special dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 21st were given a dividend of $0.0336 per share. The ex-dividend date was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio is presently 304.00%.
National Storage Affiliates Trust Profile
National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.
The company’s core business involves providing flexible storage solutions to both individual and commercial customers.
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