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) in the fourth quarter, according to its most recent Form 13F 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.

Other institutional investors have 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 about $25,000. Versant Capital Management Inc lifted its stake in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock valued at $28,000 after buying an additional 514 shares during the period. Venturi Wealth Management LLC boosted its position in National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust's stock worth $82,000 after acquiring an additional 710 shares during the last quarter. KBC Group NV boosted its position in National Storage Affiliates Trust by 94.3% during the fourth quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after acquiring an additional 1,869 shares during the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new position in National Storage Affiliates Trust in the 4th quarter valued at $228,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Thursday, March 6th. The stock was purchased at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the acquisition, the director now owns 6,000 shares of the company's stock, valued at approximately $231,240. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 13.00% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. 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, March 12th. 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 report on Friday, February 21st. Robert W. Baird cut 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 report on Thursday, March 13th. Finally, 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 research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $42.06.

National Storage Affiliates Trust Stock Up 1.3 %

National Storage Affiliates Trust stock traded up $0.47 during trading on Wednesday, reaching $38.11. 353,475 shares of the company's stock were exchanged, compared to its average volume of 624,240. The company's 50-day moving average is $37.67 and its two-hundred day moving average is $41.17. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 22.29 and a beta of 1.07. 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.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its 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. The business had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. On average, 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date is Friday, March 14th. 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.