National Storage Affiliates

First Trust Capital Management established a new position in National Storage Affiliates Trust, acquiring 1,814,200 shares valued at about $61.29 million (3.6% of the fund's 13F AUM) with a quarter-end value of $68.47 million. The stake comes as NSA is set to be acquired by Public Storage in a roughly $10.5 billion transaction. NSA reported solid operating results, with Q1 net income up 42% year‑over‑year, Core FFO per share up 5.6%, and occupancy rising to 84.5% (84.9% by April 30). The move appears to be a play on the planned consolidation rather than a bet on rapid organic growth. » More on finance.yahoo.com

The stock of National Storage Affiliates Trust rose to a new 52-week high of $41.46. Over the past year the shares gained 31%, and since the start of the year even 48%, with a market capitalization of roughly $5.29 billion and a current dividend yield of 5.56%. The increase was driven by strong demand for storage solutions, strategic expansions and a merger. For Q4 2025 the company reported earnings per share of $0.23 (expectation $0.17) and revenue of $187.03 million (expectation $183.8 million), after which Evercore ISI raised its rating to "In Line" and adjusted the price target to $41. » More on de.investing.com

The share of National Storage Affiliates Trust hit a new 52-week low of 28.01 USD and is about 24.95% below last year’s price (YTD -19.66%). Despite the price decline, InvestingPro rates the stock as undervalued relative to its fair value and it offers a dividend yield of 8.03% with eleven years of dividend growth. For Q3 2025 the company reported EPS of 0.17 USD (expectation 0.15 USD), while revenue of 170.25 million USD missed forecasts. Morgan Stanley raised the rating to Equalweight and the price target from 30 to 32 USD, noting that the storage REIT’s challenges are now partly reflected in the valuation. » More on de.investing.com