Proficio Capital Partners LLC Buys New Stake in National Storage Affiliates Trust (NYSE:NSA)

Proficio Capital Partners LLC bought a new stake in National Storage Affiliates Trust (NYSE:NSA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 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 modified their holdings of the company. Thrivent Financial for Lutherans boosted its stake in shares of National Storage Affiliates Trust by 0.9% during the third quarter. Thrivent Financial for Lutherans now owns 2,537,362 shares of the real estate investment trust’s stock valued at $122,301,000 after purchasing an additional 22,454 shares during the period. FMR LLC boosted its stake in shares of National Storage Affiliates Trust by 27.5% during the third quarter. FMR LLC now owns 1,664,182 shares of the real estate investment trust’s stock valued at $80,214,000 after purchasing an additional 358,449 shares during the period. Geode Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 1,333,260 shares of the real estate investment trust’s stock valued at $64,277,000 after purchasing an additional 4,897 shares during the period. TimesSquare Capital Management LLC boosted its stake in shares of National Storage Affiliates Trust by 39.7% during the fourth quarter. TimesSquare Capital Management LLC now owns 1,110,784 shares of the real estate investment trust’s stock valued at $42,110,000 after purchasing an additional 315,474 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of 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 purchasing an additional 43,074 shares during the period. 99.97% of the stock is owned by hedge funds and other institutional investors.

National Storage Affiliates Trust Trading Up 1.8 %

Shares of NSA opened at $39.48 on Friday. National Storage Affiliates Trust has a 52-week low of $34.59 and a 52-week high of $49.44. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm’s fifty day moving average is $37.50 and its two-hundred day moving average is $41.88. The stock has a market cap of $3.02 billion, a PE ratio of 23.08 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.41. The firm had revenue of $190.12 million for the quarter, compared to analysts’ expectations of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Research analysts forecast that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 5.78%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 200.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. 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 report on Friday, February 21st. Deutsche Bank Aktiengesellschaft upgraded National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $38.00 in a report on Friday, January 10th. Finally, Barclays decreased their price objective on 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 equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $42.56.

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.