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

Aptus Capital Advisors LLC raised its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 15.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,770 shares of the real estate investment trust’s stock after purchasing an additional 9,813 shares during the period. Aptus Capital Advisors LLC owned 0.09% of National Storage Affiliates Trust worth $3,459,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Thrivent Financial for Lutherans increased its position in shares of National Storage Affiliates Trust by 3.8% during the second quarter. Thrivent Financial for Lutherans now owns 2,514,908 shares of the real estate investment trust’s stock worth $103,665,000 after purchasing an additional 90,925 shares in the last quarter. Leeward Investments LLC MA increased its position in shares of National Storage Affiliates Trust by 30.9% in the 2nd quarter. Leeward Investments LLC MA now owns 414,734 shares of the real estate investment trust’s stock valued at $17,095,000 after acquiring an additional 97,786 shares during the period. Swedbank AB acquired a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at $16,056,000. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust in the 2nd quarter valued at $16,198,000. Finally, Sei Investments Co. increased its position in shares of National Storage Affiliates Trust by 9.1% in the 2nd quarter. Sei Investments Co. now owns 388,995 shares of the real estate investment trust’s stock valued at $16,034,000 after acquiring an additional 32,544 shares during the period. 99.97% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Evercore ISI increased their price target on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Robert W. Baird increased their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Wells Fargo & Company increased their price target on National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a research report on Monday, October 21st. Finally, Truist Financial increased their price target on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Friday, August 16th. Three investment 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, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.17.

National Storage Affiliates Trust Stock Up 1.2 %

Shares of NYSE NSA opened at $42.96 on Thursday. The company has a 50 day simple moving average of $45.22 and a 200-day simple moving average of $42.40. The company has a market capitalization of $3.28 billion, a P/E 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 has a 1 year low of $31.26 and a 1 year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results 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 business had revenue of $174.80 million during the quarter, compared to analysts’ expectations of $185.45 million. During the same period in the prior year, the business earned $0.67 EPS. The business’s quarterly revenue was down 20.2% on a year-over-year basis. On average, equities research analysts predict 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.