GAMMA Investing LLC Has $2.24 Million Position in National Storage Affiliates Trust (NYSE:NSA)

GAMMA Investing LLC raised its stake in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) by 4,261.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,736 shares of the real estate investment trust's stock after buying an additional 55,435 shares during the period. GAMMA Investing LLC owned approximately 0.07% of National Storage Affiliates Trust worth $2,235,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of NSA. Balyasny Asset Management L.P. bought a new position in shares of National Storage Affiliates Trust during the 4th quarter valued at about $51,081,000. Norges Bank bought a new position in shares of National Storage Affiliates Trust during the 4th quarter valued at about $26,737,000. Wasatch Advisors LP boosted its position in shares of National Storage Affiliates Trust by 8.2% during the 4th quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust's stock valued at $253,208,000 after purchasing an additional 506,398 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of National Storage Affiliates Trust during the 4th quarter valued at about $13,354,000. Finally, TimesSquare Capital Management LLC boosted its position in shares of National Storage Affiliates Trust by 39.7% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust's stock valued at $42,110,000 after purchasing an additional 315,474 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

National Storage Affiliates Trust Trading Down 2.8%

Shares of NSA traded down $0.95 during midday trading on Friday, hitting $32.95. The stock had a trading volume of 906,247 shares, compared to its average volume of 689,454. National Storage Affiliates Trust has a fifty-two week low of $30.88 and a fifty-two week high of $49.44. The business has a 50-day simple moving average of $35.19 and a two-hundred day simple moving average of $37.42. The firm has a market cap of $2.52 billion, a P/E ratio of 19.27 and a beta of 1.14. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The company had revenue of $188.35 million for the quarter, compared to analyst estimates of $184.65 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business's revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.60 earnings per share. As a group, equities analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 13th will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.92%. The ex-dividend date is Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio is currently 386.44%.

Wall Street Analysts Forecast Growth

NSA has been the subject of several research reports. Morgan Stanley lowered shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price objective for the company. in a research report on Tuesday, May 27th. Truist Financial set a $37.00 price objective on shares of National Storage Affiliates Trust and gave the company a "hold" rating in a research report on Monday, May 19th. Mizuho initiated coverage on shares of National Storage Affiliates Trust in a research report on Wednesday, April 9th. They set a "neutral" rating and a $35.00 price objective for the company. Robert W. Baird decreased their target price on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company decreased their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a report on Friday, February 21st. Three research 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.com, National Storage Affiliates Trust 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.