National Storage Affiliates Trust $NSA Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC lessened its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 43.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,536 shares of the real estate investment trust’s stock after selling 30,498 shares during the period. Gabelli Funds LLC owned 0.05% of National Storage Affiliates Trust worth $1,492,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Advisors Asset Management Inc. acquired a new stake in National Storage Affiliates Trust during the first quarter worth about $32,000. UMB Bank n.a. raised its stake in 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 period. Parallel Advisors LLC boosted its holdings in National Storage Affiliates Trust by 42.5% in the 3rd quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after purchasing an additional 424 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares during the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of National Storage Affiliates Trust by 247.5% in the 4th quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,302 shares during the period. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $43.41 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02. The stock has a market capitalization of $3.35 billion, a PE ratio of 57.88 and a beta of 1.03. National Storage Affiliates Trust has a twelve month low of $27.43 and a twelve month high of $46.47. The stock has a fifty day simple moving average of $44.17 and a 200-day simple moving average of $39.56.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm had revenue of $185.40 million for the quarter, compared to analyst estimates of $181.69 million. During the same period in the previous year, the company posted $0.54 EPS. National Storage Affiliates Trust’s revenue was down 1.6% on a year-over-year basis. On average, equities analysts forecast that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a special dividend, which was paid on Wednesday, July 22nd. Shareholders of record on Tuesday, July 21st were paid a dividend of $0.0336 per share. The ex-dividend date was Tuesday, July 21st. National Storage Affiliates Trust’s dividend payout ratio is 304.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Barclays raised their price target on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Monday, April 20th. UBS Group upped their price objective on National Storage Affiliates Trust from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, July 10th. Evercore set a $46.00 price objective on National Storage Affiliates Trust and gave the stock a “cautious” rating in a research report on Monday, July 6th. Weiss Ratings raised 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 lifted their target price on National Storage Affiliates Trust from $38.00 to $45.00 and gave the company a “hold” rating in a research report on Tuesday, June 23rd. Twelve analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Reduce” and a consensus target price of $38.60.

National Storage Affiliates Trust Company 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.