Venturi Wealth Management LLC Grows Stock Position in National Storage Affiliates Trust (NYSE:NSA)

Venturi Wealth Management LLC boosted its position in National Storage Affiliates Trust (NYSE:NSA) by 48.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,161 shares of the real estate investment trust’s stock after purchasing an additional 710 shares during the period. Venturi Wealth Management LLC’s holdings in National Storage Affiliates Trust were worth $82,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Loomis Sayles & Co. L P purchased a new stake in National Storage Affiliates Trust in the third quarter worth $25,000. Ashton Thomas Securities LLC purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at $29,000. Versant Capital Management Inc grew its position in shares of National Storage Affiliates Trust by 233.6% in the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 514 shares in the last quarter. Bellevue Asset Management LLC purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at $39,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of National Storage Affiliates Trust by 29.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,764 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 626 shares in the last quarter. 99.97% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NSA shares. Barclays reduced their price target on 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. Robert W. Baird lifted their price objective on 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. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price objective on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday. Two investment 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 data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.56.

National Storage Affiliates Trust Trading Up 1.0 %

Shares of NSA stock opened at $38.10 on Tuesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The business has a 50-day moving average price of $37.43 and a two-hundred day moving average price of $42.15. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44. The firm has a market cap of $2.90 billion, a P/E ratio of 22.28 and a beta of 1.03.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 5.99%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 133.33%.

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.