Proficio Capital Partners LLC acquired a new stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 20,964 shares of the real estate investment trust's stock, valued at approximately $795,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P acquired a new position in National Storage Affiliates Trust during the 3rd quarter worth approximately $25,000. Versant Capital Management Inc grew its holdings in National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust's stock worth $28,000 after acquiring an additional 514 shares in the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $29,000. Venturi Wealth Management LLC lifted its position in shares of National Storage Affiliates Trust by 514.8% during the 3rd quarter. Venturi Wealth Management LLC now owns 1,451 shares of the real estate investment trust's stock worth $70,000 after buying an additional 1,215 shares during the last quarter. Finally, KBC Group NV lifted its position in shares of National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust's stock worth $146,000 after buying an additional 1,869 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.
NSA traded up $0.72 during trading on Friday, hitting $39.48. The stock had a trading volume of 678,249 shares, compared to its average volume of 627,541. 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 firm has a market capitalization of $3.02 billion, a P/E ratio of 23.08 and a beta of 1.07. The company's 50-day moving average price is $37.50 and its 200 day moving average price is $41.88. National Storage Affiliates Trust has a twelve month low of $34.59 and a twelve month high of $49.44.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.41. The business 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%. On average, equities research analysts forecast that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be issued a $0.57 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 5.78%. National Storage Affiliates Trust's payout ratio is 200.00%.
Several research firms recently commented on NSA. Barclays reduced their price target on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, February 21st. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and reduced their price target for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $42.56.
Check Out Our Latest Stock Report on 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 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.
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