National Storage Affiliates Trust (NYSE:NSA) Director Michael J. Schall Acquires 4,000 Shares

National Storage Affiliates Trust (NYSE:NSA) Director Michael J. Schall purchased 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now directly owns 6,000 shares in the company, valued at approximately $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

National Storage Affiliates Trust Stock Up 0.0 %

NSA traded up $0.01 during trading on Monday, reaching $39.54. 1,023,872 shares of the stock were exchanged, compared to its average volume of 527,648. The stock has a market cap of $3.02 billion, a P/E ratio of 23.12 and a beta of 1.07. 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’s 50 day moving average price is $37.50 and its two-hundred day moving average price is $41.87. National Storage Affiliates Trust has a twelve month low of $34.58 and a twelve month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share 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. Equities analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a $0.57 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.77%. National Storage Affiliates Trust’s payout ratio is 200.00%.

Wall Street Analyst Weigh In

NSA has been the topic of a number of recent research reports. Wells Fargo & Company dropped 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 report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price objective for the company from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Barclays reduced their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $42.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. GF Fund Management CO. LTD. bought a new position in National Storage Affiliates Trust during the fourth quarter worth $50,000. Fourth Dimension Wealth LLC acquired a new stake in shares of National Storage Affiliates Trust during the 4th quarter worth about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of National Storage Affiliates Trust by 3.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 434,213 shares of the real estate investment trust’s stock worth $16,461,000 after buying an additional 13,052 shares during the period. Woodline Partners LP acquired a new position in National Storage Affiliates Trust in the 4th quarter valued at about $11,464,000. Finally, State of Wyoming bought a new position in National Storage Affiliates Trust in the 4th quarter valued at about $93,000. 99.97% of the stock is currently owned by institutional investors.

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.