5 Best Warehouse and Self Storage Stocks to Buy

4. AMERCO (NASDAQ:UHAL)

Number of Hedge Fund Holders: 21

AMERCO (NASDAQ:UHAL) is an American provider of property insurance, moving, and storage facilities. The Reno-based company facilitates customers with the rental of trucks, trailers, portable moving and storage units, specialty rental items, and self storage spaces. With 30,000 employees across several states, AMERCO (NASDAQ:UHAL) is the fourth stock on our list of the top 5 warehouse and self storage stocks to buy. 

Of the 873 hedge funds in Insider Monkey’s comprehensive database, 21 were long AMERCO (NASDAQ:UHAL), with reported stakes worth $817.1 million, down from 23 hedge funds in the previous quarter. David Abrams’ Abrams Capital Management is the largest stakeholder in AMERCO (NASDAQ:UHAL), with 561,258 shares worth $330.8 million. AMERCO (NASDAQ:UHAL) represents 7.35% of Abrams’ 13F portfolio. 

On August 4, the company announced its earnings for the second quarter of 2021. AMERCO (NASDAQ:UHAL) reported earnings per share of $17.6, beating analysts’ consensus estimates by $9.54. The actual revenue for the company also surpassed analyst estimates by $235.82 million at $1.47 billion. 

AMERCO (NASDAQ:UHAL) declared a special dividend on common stock of $0.50 per share on October 8. This dividend would be payable on October 29. 

Smead Value Fund, managed by Smead Capital Management, mentioned AMERCO (NASDAQ:UHAL) in their Q2 2021 investor letter. The fund stated that REITs like AMERCO (NASDAQ:UHAL) are heavily underestimated by analysts, which is disrespectful to the top performing stocks. Here is what they said: 

“AMERCO (UHAL) backed off from terrific 12-month performance. Let them know if you’d like to rent a vehicle to go to Los Angeles from Phoenix. It only costs $189 to go to LA, but it cost $1,200 to rent the same vehicle in LA and drive it to Phoenix. These results can be directly tied to holding shares which are heavily under-owned by most institutions and professionals. Many of our companies are under-followed or downright disrespected by the analysts which are paid to research them. We hope we are still in an era where stock picking can shine.”