Proficio Capital Partners LLC Buys Shares of 20,964 National Storage Affiliates Trust (NYSE:NSA)

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

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Natixis Advisors LLC grew its holdings in shares of National Storage Affiliates Trust by 5.1% in the 3rd quarter. Natixis Advisors LLC now owns 75,724 shares of the real estate investment trust's stock worth $3,650,000 after acquiring an additional 3,657 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in National Storage Affiliates Trust by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 989,045 shares of the real estate investment trust's stock valued at $47,672,000 after buying an additional 43,074 shares in the last quarter. Raymond James Trust N.A. boosted its holdings in shares of National Storage Affiliates Trust by 9.8% in the third quarter. Raymond James Trust N.A. now owns 8,427 shares of the real estate investment trust's stock worth $406,000 after buying an additional 751 shares during the period. Citigroup Inc. increased its position in shares of National Storage Affiliates Trust by 238.9% in the third quarter. Citigroup Inc. now owns 108,734 shares of the real estate investment trust's stock worth $5,241,000 after acquiring an additional 76,652 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of National Storage Affiliates Trust by 35.7% during the third quarter. Cerity Partners LLC now owns 47,784 shares of the real estate investment trust's stock valued at $2,303,000 after acquiring an additional 12,583 shares during the period. Institutional investors own 99.97% of the company's stock.

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National Storage Affiliates Trust Stock Down 0.7 %

NYSE:NSA traded down $0.26 during mid-day trading on Tuesday, reaching $38.49. The stock had a trading volume of 49,866 shares, compared to its average volume of 625,330. The stock has a market cap of $2.94 billion, a P/E ratio of 22.54 and a beta of 1.07. The business's 50 day moving average is $37.63 and its 200 day moving average is $41.23. 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 fifty-two week low of $34.59 and a fifty-two week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly 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 company had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. As a group, sell-side analysts predict that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

National Storage Affiliates Trust Dividend Announcement

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 paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust's payout ratio is 200.00%.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall bought 4,000 shares of the stock in a transaction that occurred on Thursday, March 6th. The shares were acquired at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now owns 6,000 shares of the company's stock, valued at $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 13.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on NSA shares. Robert W. Baird lowered their price objective on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Thursday, March 13th. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price target for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Wells Fargo & Company decreased their price objective on 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. Finally, Barclays dropped 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 report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $42.06.

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.