National Storage Affiliates Trust (NYSE:NSA) Director Michael J. Schall Acquires 4,000 Shares

National Storage Affiliates Trust (NYSE:NSA) Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the purchase, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

National Storage Affiliates Trust Price Performance

NSA stock traded up $0.01 during mid-day trading on Monday, hitting $39.54. The stock had a trading volume of 1,023,872 shares, compared to its average volume of 527,648. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market capitalization of $3.02 billion, a P/E ratio of 23.12 and a beta of 1.07. The firm has a fifty day simple moving average of $37.50 and a 200 day simple moving average of $41.87. National Storage Affiliates Trust has a 52 week low of $34.58 and a 52 week high of $49.44.

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

National Storage Affiliates Trust Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Loomis Sayles & Co. L P acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at approximately $25,000. Ashton Thomas Securities LLC acquired a new stake in National Storage Affiliates Trust in the third quarter valued at approximately $29,000. Versant Capital Management Inc boosted its position in National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 514 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter worth $28,000. Finally, Quarry LP increased its holdings in shares of National Storage Affiliates Trust by 444.7% during the fourth quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after buying an additional 756 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

Wall Street Analyst Weigh In

NSA has been the subject of a number of recent research reports. Wells Fargo & Company reduced their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Barclays decreased their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus target price of $42.56.

National Storage Affiliates Trust Company Profile

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.