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 the stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at $231,240. This represents a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.

National Storage Affiliates Trust Stock Performance

Shares of NYSE NSA opened at $39.54 on Tuesday. The business’s 50-day simple moving average is $37.55 and its 200-day simple moving average is $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 quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 23.12 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share 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. Shareholders of record on Friday, March 14th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.77%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is 200.00%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Balyasny Asset Management L.P. acquired a new position in shares of National Storage Affiliates Trust during the 4th quarter worth about $51,081,000. Norges Bank bought a new position in National Storage Affiliates Trust in the 4th quarter worth approximately $26,737,000. Wasatch Advisors LP lifted its holdings in shares of National Storage Affiliates Trust by 8.2% during the fourth quarter. Wasatch Advisors LP now owns 6,679,180 shares of the real estate investment trust’s stock worth $253,208,000 after buying an additional 506,398 shares during the last quarter. FMR LLC boosted its position in shares of National Storage Affiliates Trust by 27.5% in the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock valued at $80,214,000 after acquiring an additional 358,449 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of National Storage Affiliates Trust in the fourth quarter worth $13,354,000. 99.97% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NSA. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their target price for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Wells Fargo & Company lowered their price target on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Finally, Barclays cut their price objective 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 assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.56.

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.