18,982 Shares in National Storage Affiliates Trust $NSA Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of National Storage Affiliates Trust (NYSE:NSA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 18,982 shares of the real estate investment trust’s stock, valued at approximately $716,000.

Other institutional investors have also modified their holdings of the company. UBS Group AG grew its stake in National Storage Affiliates Trust by 32.8% during the 4th quarter. UBS Group AG now owns 880,134 shares of the real estate investment trust’s stock worth $24,829,000 after purchasing an additional 217,234 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of National Storage Affiliates Trust by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,095,158 shares of the real estate investment trust’s stock worth $30,894,000 after buying an additional 48,418 shares during the period. Exchange Traded Concepts LLC lifted its stake in National Storage Affiliates Trust by 664.8% in the fourth quarter. Exchange Traded Concepts LLC now owns 185,423 shares of the real estate investment trust’s stock worth $5,231,000 after acquiring an additional 161,179 shares during the last quarter. Hsbc Holdings PLC grew its holdings in National Storage Affiliates Trust by 26.5% during the 4th quarter. Hsbc Holdings PLC now owns 202,877 shares of the real estate investment trust’s stock worth $5,724,000 after acquiring an additional 42,533 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of National Storage Affiliates Trust by 30.6% in the 1st quarter. Jennison Associates LLC now owns 1,274,412 shares of the real estate investment trust’s stock valued at $48,096,000 after purchasing an additional 298,602 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $43.41 on Friday. The stock’s 50 day moving average price is $44.08 and its 200 day moving average price is $39.19. The company has a market capitalization of $3.35 billion, a PE ratio of 57.88 and a beta of 1.03. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $46.47.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). The firm had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. National Storage Affiliates Trust’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 EPS. On average, research analysts anticipate that National Storage Affiliates Trust will post 2.22 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed 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 of this dividend was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 304.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on NSA. Barclays lifted their price objective on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Monday, April 20th. Citigroup upped their price objective on National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research report on Tuesday, May 12th. UBS Group boosted their target price on 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. 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 raised their price objective 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 investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Reduce” and a consensus target price of $38.60.

About National Storage Affiliates Trust

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.