National Storage Affiliates Trust (NYSE:NSA) Shares Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC boosted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 15.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 71,770 shares of the real estate investment trust’s stock after buying an additional 9,813 shares during the quarter. Aptus Capital Advisors LLC’s holdings in National Storage Affiliates Trust were worth $3,459,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D. Scott Neal Inc. lifted its stake in shares of National Storage Affiliates Trust by 20.3% during the second quarter. D. Scott Neal Inc. now owns 277,176 shares of the real estate investment trust’s stock valued at $11,425,000 after buying an additional 46,848 shares during the period. Cetera Investment Advisers increased its position in shares of National Storage Affiliates Trust by 371.6% in the first quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust’s stock worth $3,284,000 after acquiring an additional 66,082 shares in the last quarter. Thrivent Financial for Lutherans grew its holdings in National Storage Affiliates Trust by 3.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock valued at $103,665,000 after purchasing an additional 90,925 shares in the last quarter. Caxton Associates LP acquired a new stake in National Storage Affiliates Trust during the 2nd quarter valued at $1,553,000. Finally, Swedbank AB acquired a new stake in National Storage Affiliates Trust during the 1st quarter valued at $16,056,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

NSA has been the topic of a number of research analyst reports. Robert W. Baird increased their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, November 6th. Evercore ISI raised their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Truist Financial increased their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research note on Monday, September 9th. Finally, Jefferies Financial Group upped their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research note on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $43.17.

National Storage Affiliates Trust Stock Up 1.2 %

National Storage Affiliates Trust stock opened at $42.96 on Thursday. The company’s 50 day simple moving average is $45.22 and its 200 day simple moving average is $42.40. National Storage Affiliates Trust has a fifty-two week low of $31.26 and a fifty-two week high of $49.44. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 25.12 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The company had revenue of $174.80 million during the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The business’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.67 EPS. As a group, sell-side analysts anticipate that National Storage Affiliates Trust will post 2.4 EPS for the current year.

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 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.