M&T Bank Corp Takes $414,000 Position in National Storage Affiliates Trust $NSA

M&T Bank Corp bought a new stake in National Storage Affiliates Trust (NYSE:NSA) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 14,659 shares of the real estate investment trust’s stock, valued at approximately $414,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. UBS Group AG boosted its stake in shares of National Storage Affiliates Trust by 32.8% in the 4th quarter. UBS Group AG now owns 880,134 shares of the real estate investment trust’s stock valued at $24,829,000 after purchasing an additional 217,234 shares in the last quarter. Peregrine Capital Management LLC lifted its position in National Storage Affiliates Trust by 7.6% during the 4th quarter. Peregrine Capital Management LLC now owns 173,758 shares of the real estate investment trust’s stock worth $4,902,000 after buying an additional 12,234 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in National Storage Affiliates Trust by 125.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 459,793 shares of the real estate investment trust’s stock worth $13,001,000 after buying an additional 255,999 shares in the last quarter. Evergreen Capital Management LLC lifted its position in National Storage Affiliates Trust by 77.3% during the 4th quarter. Evergreen Capital Management LLC now owns 14,449 shares of the real estate investment trust’s stock worth $408,000 after buying an additional 6,300 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in National Storage Affiliates Trust by 5.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,249 shares of the real estate investment trust’s stock worth $1,333,000 after buying an additional 2,440 shares in the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $42.60 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. National Storage Affiliates Trust has a 1 year low of $27.43 and a 1 year high of $44.01. The company has a market cap of $3.29 billion, a PE ratio of 56.79 and a beta of 1.07. The company’s 50-day moving average is $39.41 and its two-hundred day moving average is $33.84.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). The business had revenue of $185.40 million for the quarter, compared to analyst estimates of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The business’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.54 earnings per share. Equities analysts anticipate that National Storage Affiliates Trust will post 2.21 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Truist Financial upped their price target on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Citigroup upped their price target on shares of National Storage Affiliates Trust from $33.50 to $43.62 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $35.00 to $33.00 and set an “underweight” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings upgraded shares of National Storage Affiliates Trust from a “hold (c-)” rating to a “hold (c)” rating in a research report on Friday, May 1st. Finally, Evercore upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 17th. Thirteen research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $34.78.

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.