Tamara D. Fischer Buys 608 Shares of National Storage Affiliates Trust (NYSE:NSA) Stock

National Storage Affiliates Trust (NYSE:NSA) insider Tamara D. Fischer bought 608 shares of National Storage Affiliates Trust stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of $29.68 per share, with a total value of $18,045.44. Following the purchase, the insider now owns 18,000 shares in the company, valued at $534,240. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

National Storage Affiliates Trust Trading Up 1.5 %

Shares of NSA opened at $33.63 on Thursday. The business’s 50-day moving average price is $31.49 and its 200-day moving average price is $33.92. National Storage Affiliates Trust has a twelve month low of $27.86 and a twelve month high of $44.78. The stock has a market cap of $2.79 billion, a PE ratio of 30.85, a P/E/G ratio of 6.13 and a beta of 0.77. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 2.12.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 6.66%. The ex-dividend date is Thursday, December 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 205.51%.

Institutional Investors Weigh In On National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Anchor Capital Advisors LLC increased its position in shares of National Storage Affiliates Trust by 1,165.6% in the second quarter. Anchor Capital Advisors LLC now owns 1,092,824 shares of the real estate investment trust’s stock worth $38,063,000 after purchasing an additional 1,006,474 shares during the last quarter. Norges Bank bought a new position in shares of National Storage Affiliates Trust in the fourth quarter worth approximately $33,132,000. Cincinnati Insurance Co. increased its position in shares of National Storage Affiliates Trust by 1,687.3% in the second quarter. Cincinnati Insurance Co. now owns 893,654 shares of the real estate investment trust’s stock worth $31,126,000 after purchasing an additional 843,654 shares during the last quarter. State Street Corp increased its position in shares of National Storage Affiliates Trust by 14.1% in the first quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust’s stock worth $304,029,000 after purchasing an additional 598,640 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of National Storage Affiliates Trust by 791.9% in the first quarter. LPL Financial LLC now owns 452,524 shares of the real estate investment trust’s stock worth $18,906,000 after purchasing an additional 401,787 shares during the last quarter. 83.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NSA. Morgan Stanley cut their price target on shares of National Storage Affiliates Trust from $42.00 to $32.00 and set an “equal weight” rating on the stock in a report on Thursday, September 21st. Citigroup cut their price target on shares of National Storage Affiliates Trust from $41.00 to $36.00 and set a “neutral” rating on the stock in a report on Thursday, August 24th. Truist Financial cut their price target on shares of National Storage Affiliates Trust from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Tuesday, August 29th. Stifel Nicolaus downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating and cut their price target for the stock from $47.00 to $35.00 in a report on Tuesday, August 8th. Finally, StockNews.com initiated coverage on shares of National Storage Affiliates Trust in a report on Thursday, October 5th. They set a “hold” rating on the stock. Three 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. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $36.14.

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 September 30, 2023, the Company held ownership interests in and operated 1,119 self storage properties located in 42 states and Puerto Rico with approximately 73.0 million rentable square feet.