GAMMA Investing LLC Buys 55,435 Shares of National Storage Affiliates Trust (NYSE:NSA)

GAMMA Investing LLC grew its holdings in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 4,261.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,736 shares of the real estate investment trust's stock after acquiring an additional 55,435 shares during the quarter. GAMMA Investing LLC owned 0.07% of National Storage Affiliates Trust worth $2,235,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Empowered Funds LLC lifted its stake in shares of National Storage Affiliates Trust by 9.4% in the 4th quarter. Empowered Funds LLC now owns 60,200 shares of the real estate investment trust's stock valued at $2,282,000 after acquiring an additional 5,184 shares during the last quarter. Van ECK Associates Corp raised its position in National Storage Affiliates Trust by 16.6% in the fourth quarter. Van ECK Associates Corp now owns 13,874 shares of the real estate investment trust's stock valued at $526,000 after purchasing an additional 1,975 shares during the last quarter. Asset Management One Co. Ltd. raised its position in National Storage Affiliates Trust by 4.9% in the fourth quarter. Asset Management One Co. Ltd. now owns 104,118 shares of the real estate investment trust's stock valued at $3,924,000 after purchasing an additional 4,843 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of National Storage Affiliates Trust by 8.9% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 47,449 shares of the real estate investment trust's stock valued at $1,799,000 after purchasing an additional 3,863 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its holdings in shares of National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after purchasing an additional 710 shares during the last quarter. Institutional investors own 99.97% of the company's stock.

National Storage Affiliates Trust Trading Down 0.6%

NYSE NSA traded down $0.21 during mid-day trading on Tuesday, reaching $32.91. 1,730,030 shares of the stock were exchanged, compared to its average volume of 695,185. The stock has a market cap of $2.52 billion, a P/E ratio of 55.78 and a beta of 1.14. The company has a debt-to-equity ratio of 2.54, a current ratio of 0.22 and a quick ratio of 0.22. National Storage Affiliates Trust has a one year low of $30.88 and a one year high of $49.44. The stock has a 50 day simple moving average of $35.18 and a 200-day simple moving average of $37.11.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts' consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. The business had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. During the same quarter in the previous year, the business posted $0.60 earnings per share. The business's revenue was down 4.0% on a year-over-year basis. On average, analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 13th will be issued a $0.57 dividend. The ex-dividend date is Friday, June 13th. This represents a $2.28 dividend on an annualized basis and a yield of 6.93%. National Storage Affiliates Trust's payout ratio is currently 386.44%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NSA shares. Barclays dropped their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a report on Wednesday, March 12th. Morgan Stanley downgraded shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target for the company. in a research note on Tuesday, May 27th. Wells Fargo & Company cut their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a report on Friday, February 21st. Truist Financial set a $37.00 price objective on shares of National Storage Affiliates Trust and gave the stock a "hold" rating in a research note on Monday, May 19th. Finally, Robert W. Baird lowered their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday, March 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.75.

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.