Proficio Capital Partners LLC Invests $795,000 in National Storage Affiliates Trust (NYSE:NSA)

Proficio Capital Partners LLC acquired a new position in shares of National Storage Affiliates Trust (NYSE:NSA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 20,964 shares of the real estate investment trust's stock, valued at approximately $795,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust in the 3rd quarter valued at $25,000. Versant Capital Management Inc raised its stake 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 purchasing an additional 514 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in National Storage Affiliates Trust during the third quarter worth about $29,000. Venturi Wealth Management LLC boosted its position in shares of National Storage Affiliates Trust by 514.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 1,215 shares in the last quarter. Finally, KBC Group NV increased its stake in National Storage Affiliates Trust by 94.3% in the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock valued at $146,000 after acquiring an additional 1,869 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

Insider Buying and Selling

In related news, Director Michael J. Schall purchased 4,000 shares of the firm's stock in a transaction dated Thursday, March 6th. The stock was bought 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 owns 6,000 shares in the company, valued at approximately $231,240. This represents a 200.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 12.20% of the stock is owned by corporate insiders.

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Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NSA shares. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their target price for the company from $40.00 to $38.00 in a report on Friday, January 10th. Barclays decreased their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company dropped 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 report on Friday, February 21st. Two 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 company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $42.44.

National Storage Affiliates Trust Trading Down 1.6 %

Shares of NYSE:NSA traded down $0.61 during midday trading on Wednesday, hitting $37.19. 415,073 shares of the stock were exchanged, compared to its average volume of 628,813. The business's 50-day moving average price is $37.54 and its 200 day moving average price is $41.77. National Storage Affiliates Trust has a 12 month low of $34.59 and a 12 month 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 stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 21.75 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its earnings results 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 net margin of 20.59% and a return on equity of 10.35%. The business had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. Analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.13%. National Storage Affiliates Trust's payout ratio is 200.00%.

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.