Thrivent Financial for Lutherans Purchases 22,454 Shares of National Storage Affiliates Trust (NYSE:NSA)

Thrivent Financial for Lutherans increased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 0.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,537,362 shares of the real estate investment trust’s stock after buying an additional 22,454 shares during the period. Thrivent Financial for Lutherans’ holdings in National Storage Affiliates Trust were worth $122,301,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ashton Thomas Securities LLC bought a new position in National Storage Affiliates Trust during the 3rd quarter worth about $29,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of National Storage Affiliates Trust in the 2nd quarter worth approximately $33,000. Ashton Thomas Private Wealth LLC bought a new position in shares of National Storage Affiliates Trust during the second quarter valued at approximately $39,000. Bellevue Asset Management LLC purchased a new position in National Storage Affiliates Trust during the third quarter valued at approximately $39,000. Finally, Rothschild Investment LLC bought a new position in National Storage Affiliates Trust in the second quarter worth approximately $59,000. 99.97% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust Stock Performance

Shares of National Storage Affiliates Trust stock opened at $43.13 on Friday. The company has a 50 day moving average price of $45.08 and a 200 day moving average price of $42.46. The firm has a market capitalization of $3.29 billion, a P/E ratio of 25.22 and a beta of 0.99. 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 has a 52 week low of $32.42 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company 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 posted $0.67 EPS. The company’s quarterly revenue was down 20.2% on a year-over-year basis. Sell-side analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $2.28 dividend on an annualized basis and a yield of 5.29%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.56. National Storage Affiliates Trust’s payout ratio is currently 130.99%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Jefferies Financial Group increased their target price on National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Wells Fargo & Company raised their price objective on National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. Barclays boosted their target price on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Robert W. Baird raised their price target on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Finally, Citigroup boosted their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $43.17.

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.