Insider Buying: National Storage Affiliates Trust (NYSE:NSA) Director Acquires $154,160.00 in Stock

National Storage Affiliates Trust (NYSE:NSA) Director Michael J. Schall acquired 4,000 shares of the firm’s stock in a transaction that occurred on 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 purchase, the director now owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

National Storage Affiliates Trust Trading Down 1.7 %

Shares of National Storage Affiliates Trust stock opened at $37.15 on Thursday. 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 has a 1 year low of $34.59 and a 1 year high of $49.44. The firm has a market cap of $2.84 billion, a PE ratio of 21.73 and a beta of 1.07. The company has a 50 day simple moving average of $37.53 and a two-hundred day simple moving average of $41.74.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data 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. The company had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a dividend yield of 6.14%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analysts Forecast Growth

NSA has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Barclays cut their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Hold” and a consensus price target of $42.44.

Hedge Funds Weigh In On National Storage Affiliates Trust

Large investors have recently modified their holdings of the company. Loomis Sayles & Co. L P bought a new position in National Storage Affiliates Trust during the third quarter valued at approximately $25,000. Versant Capital Management Inc boosted its stake in shares of National Storage Affiliates Trust by 233.6% in the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares in the last quarter. Fourth Dimension Wealth LLC bought a new position in shares of National Storage Affiliates Trust during the 4th quarter valued at $28,000. Ashton Thomas Securities LLC purchased a new position in National Storage Affiliates Trust in the 3rd quarter worth $29,000. Finally, Quarry LP raised its position in National Storage Affiliates Trust by 444.7% in the 4th quarter. Quarry LP now owns 926 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 756 shares during the period. 99.97% of the stock is owned by hedge funds and other 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.