Insider Buying: National Storage Affiliates Trust (NYSE:NSA) Director Acquires 4,000 Shares of Stock

National Storage Affiliates Trust (NYSE:NSA) Director Michael J. Schall bought 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the transaction, the director now owns 6,000 shares of the company’s stock, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock opened at $39.54 on Tuesday. The firm has a market capitalization of $3.02 billion, a P/E ratio of 23.12 and a beta of 1.07. The stock has a fifty day moving average price of $37.55 and a two-hundred day moving average price of $41.83. National Storage Affiliates Trust has a 52-week low of $34.59 and a 52-week high of $49.44. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million during the quarter, compared to analysts’ expectations of $185.37 million. As a group, analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 200.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NSA shares. Wells Fargo & Company decreased their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a report on Friday, February 21st. Barclays reduced their target price on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, January 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price target for the company from $40.00 to $38.00 in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $42.56.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of large investors have recently bought and sold shares of the business. Fisher Asset Management LLC boosted its stake in National Storage Affiliates Trust by 6.5% in the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 616 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in shares of National Storage Affiliates Trust by 9.3% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust’s stock valued at $3,406,000 after buying an additional 7,655 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in National Storage Affiliates Trust during the 4th quarter worth about $795,000. Hancock Whitney Corp grew its holdings in National Storage Affiliates Trust by 1,760.2% during the 3rd quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust’s stock worth $10,035,000 after acquiring an additional 197,003 shares during the last quarter. Finally, Cerity Partners LLC increased its position in National Storage Affiliates Trust by 35.7% in the 3rd quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust’s stock valued at $2,303,000 after acquiring an additional 12,583 shares in the last quarter. 99.97% of the stock is currently owned by institutional investors.

About National Storage Affiliates Trust

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.