Scott Smith Acquires 25,000 Shares of National Storage REIT (ASX:NSR) Stock

National Storage REIT (ASX:NSR) insider Scott Smith bought 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of A$2.13 ($1.35) per share, with a total value of A$53,200.00 ($33,670.89).

National Storage REIT Stock Performance

The company has a market capitalization of $3.07 billion, a PE ratio of 13.16 and a beta of 0.69. The company has a current ratio of 1.54, a quick ratio of 0.80 and a debt-to-equity ratio of 487.84.

National Storage REIT Increases Dividend

The business also recently declared a Interim dividend, which was paid on Sunday, March 2nd. Investors of record on Saturday, March 2nd were given a dividend of $0.055 per share. The ex-dividend date of this dividend was Sunday, December 29th. This is a positive change from National Storage REIT’s previous Interim dividend of $0.05. This represents a yield of 2.33%. National Storage REIT’s payout ratio is 64.71%.

About National Storage REIT

National Storage is the largest self-storage provider in Australia and New Zealand, with over 225 centres providing tailored storage solutions to over 90,000 residential and commercial customers. NSR is the first independent, internally managed and fully integrated owner and operator of self-storage centres to be listed on the Australian Securities Exchange (ASX).