Proficio Capital Partners LLC Invests $795,000 in National Storage Affiliates Trust (NYSE:NSA)

Proficio Capital Partners LLC bought a new position in National Storage Affiliates Trust (NYSE:NSA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 20,964 shares of the real estate investment trust’s stock, valued at approximately $795,000.

Several other hedge funds have also recently modified their holdings of the stock. Loomis Sayles & Co. L P bought a new position in National Storage Affiliates Trust during the third quarter valued at $25,000. Versant Capital Management Inc increased its position in 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 acquiring an additional 514 shares during the last quarter. Venturi Wealth Management LLC increased 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 valued at $82,000 after acquiring an additional 710 shares during the last quarter. KBC Group NV increased 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 valued at $146,000 after acquiring an additional 1,869 shares during the last quarter. Finally, Johnson & White Wealth Management LLC bought a new position in National Storage Affiliates Trust during the fourth quarter valued at $228,000. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

Shares of NYSE:NSA opened at $38.20 on Friday. National Storage Affiliates Trust has a twelve month low of $34.59 and a twelve month high of $49.44. The company’s 50 day moving average is $37.58 and its 200 day moving average is $41.32. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The company has a market cap of $2.92 billion, a PE ratio of 22.34 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results 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. The company had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. On average, sell-side analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.97%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 200.00%.

Wall Street Analysts Forecast Growth

NSA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the stock from $40.00 to $38.00 in a report on Friday, January 10th. 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 for the company in a research note on Thursday, March 13th. Barclays lowered their price objective on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 12th. Finally, Wells Fargo & Company lowered their price objective on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus price target of $42.06.

Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall bought 4,000 shares of the firm’s stock in a transaction dated Thursday, March 6th. The shares were purchased at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the transaction, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $231,240. This represents a 200.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 13.00% of the company’s stock.

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.