GAMMA Investing LLC Increases Stake in National Storage Affiliates Trust (NYSE:NSA)

GAMMA Investing LLC lifted its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 174.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,457 shares of the real estate investment trust’s stock after acquiring an additional 927 shares during the quarter. GAMMA Investing LLC’s holdings in National Storage Affiliates Trust were worth $70,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in NSA. Northwestern Mutual Wealth Management Co. purchased a new stake in National Storage Affiliates Trust in the 2nd quarter valued at approximately $33,000. Ashton Thomas Private Wealth LLC acquired a new position in National Storage Affiliates Trust during the second quarter worth $39,000. Rothschild Investment LLC purchased a new position in National Storage Affiliates Trust in the second quarter worth $59,000. Signaturefd LLC lifted its holdings in National Storage Affiliates Trust by 48.1% in the second quarter. Signaturefd LLC now owns 2,035 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 661 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of National Storage Affiliates Trust during the 1st quarter worth $113,000. 99.97% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on NSA shares. Robert W. Baird lifted their price objective on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Barclays increased their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Citigroup lifted their target price on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Jefferies Financial Group raised their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, Truist Financial upped their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus price target of $42.50.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $44.80 on Wednesday. The business’s 50-day moving average price is $45.78 and its 200 day moving average price is $41.50. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $49.44. The company has a market capitalization of $3.36 billion, a PE ratio of 23.46 and a beta of 0.98.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.47). The company had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The company’s revenue was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.68 earnings per share. On average, research analysts predict that National Storage Affiliates Trust will post 2.41 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date was Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 117.28%.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a real estate investment trust headquartered in Greenwood Village, Colorado, focused on the ownership, operation and acquisition of self storage properties predominantly located within the top 100 metropolitan statistical areas throughout the United States. As of December 31, 2023, the Company held ownership interests in and operated 1,050 self storage properties, located in 42 states and Puerto Rico with approximately 68.6 million rentable square feet, which excludes 39 self storage properties classified as held for sale to be sold to a third party.