Venturi Wealth Management LLC Buys 1,215 Shares of National Storage Affiliates Trust (NYSE:NSA)

Venturi Wealth Management LLC boosted its position in National Storage Affiliates Trust (NYSE:NSA) by 514.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,451 shares of the real estate investment trust’s stock after buying an additional 1,215 shares during the period. Venturi Wealth Management LLC’s holdings in National Storage Affiliates Trust were worth $70,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. D. Scott Neal Inc. grew its stake in National Storage Affiliates Trust by 20.3% in 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 acquiring an additional 46,848 shares during the period. Cetera Investment Advisers grew its position in National Storage Affiliates Trust by 371.6% in the 1st quarter. Cetera Investment Advisers now owns 83,867 shares of the real estate investment trust’s stock valued at $3,284,000 after purchasing an additional 66,082 shares during the period. Thrivent Financial for Lutherans increased its stake 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 position in National Storage Affiliates Trust during the second quarter worth $1,553,000. Finally, Swedbank AB bought a new position in shares of National Storage Affiliates Trust in the first quarter valued at $16,056,000. 99.97% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Jefferies Financial Group boosted their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. Citigroup raised their target price on National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a report on Friday, August 30th. Wells Fargo & Company upped their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. Evercore ISI lifted their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 16th. Finally, Barclays increased their target price on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Three equities research 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 data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Stock Performance

Shares of NSA stock opened at $42.33 on Friday. National Storage Affiliates Trust has a 52 week low of $32.42 and a 52 week high of $49.44. The firm’s 50-day simple moving average is $45.22 and its two-hundred day simple moving average is $42.40. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 24.75 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

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

National Storage Affiliates Trust 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.