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

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) Director Michael J. Schall acquired 4,000 shares of the business's stock in a transaction dated Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company's stock, valued at $231,240. This represents a 200.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

National Storage Affiliates Trust Stock Performance

NSA stock traded up $0.36 during trading on Friday, reaching $36.43. The stock had a trading volume of 279,219 shares, compared to its average volume of 627,897. The stock's 50 day moving average is $37.51 and its two-hundred day moving average is $41.71. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44. The firm has a market cap of $2.78 billion, a PE ratio of 21.29 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping 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 firm had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

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National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 6.26%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Analyst Ratings Changes

Several analysts have weighed in on NSA shares. Barclays lowered their price objective on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating for the company in a research report on Wednesday. Robert W. Baird decreased their target price on National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Thursday. Wells Fargo & Company cut their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and cut their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $42.06.

Institutional Trading of National Storage Affiliates Trust

Institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC grew its position in shares of National Storage Affiliates Trust by 6.5% during 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. Proficio Capital Partners LLC purchased a new position in National Storage Affiliates Trust during the 4th quarter valued at approximately $795,000. Oppenheimer Asset Management Inc. grew its holdings in National Storage Affiliates Trust by 9.3% during the 4th 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 in the last quarter. 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 valued at $10,035,000 after buying an additional 197,003 shares in the last quarter. Finally, Cerity Partners LLC grew its holdings in National Storage Affiliates Trust by 35.7% during 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 buying an additional 12,583 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company's stock.

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.