Thrivent Financial for Lutherans Purchases 10,783 Shares of National Storage Affiliates Trust (NYSE:NSA)

Thrivent Financial for Lutherans lifted its stake in National Storage Affiliates Trust (NYSE:NSA) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,548,145 shares of the real estate investment trust’s stock after buying an additional 10,783 shares during the period. Thrivent Financial for Lutherans owned approximately 3.34% of National Storage Affiliates Trust worth $96,600,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Loomis Sayles & Co. L P bought a new stake in National Storage Affiliates Trust during the third quarter worth $25,000. Versant Capital Management Inc increased its holdings in shares of National Storage Affiliates Trust by 233.6% during the fourth quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 514 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of National Storage Affiliates Trust by 48.9% during the fourth quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 710 shares in the last quarter. KBC Group NV increased its holdings in shares of National Storage Affiliates Trust by 94.3% during the fourth 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 in the last quarter. Finally, Johnson & White Wealth Management LLC acquired a new position in shares of National Storage Affiliates Trust during the fourth quarter worth $228,000. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Performance

NYSE NSA opened at $38.00 on Wednesday. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 22.22 and a beta of 1.07. National Storage Affiliates Trust has a twelve month low of $34.59 and a twelve month high of $49.44. The stock has a fifty day simple moving average of $37.49 and a 200 day simple moving average of $41.46. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35.

National Storage Affiliates Trust (NYSE:NSA) last issued 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. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The firm had revenue of $190.12 million during the quarter, compared to the consensus estimate of $185.37 million. Sell-side analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 6.00%. National Storage Affiliates Trust’s payout ratio is currently 200.00%.

Insiders Place Their Bets

In other National Storage Affiliates Trust news, Director Michael J. Schall purchased 4,000 shares of the firm’s stock in a transaction on Thursday, March 6th. The stock was purchased at an average cost of $38.54 per share, for a total transaction of $154,160.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 13.00% of the company’s stock.

Analysts Set New Price Targets

NSA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and lowered their price target for the stock from $40.00 to $38.00 in a report on Friday, January 10th. Barclays lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Robert W. Baird lowered their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Thursday, March 13th. Finally, Wells Fargo & Company lowered 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 report on Friday, February 21st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus target price of $42.06.

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.