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

Thrivent Financial for Lutherans lifted its stake in shares of National Storage Affiliates Trust (NYSE:NSA) by 0.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,548,145 shares of the real estate investment trust’s stock after acquiring an additional 10,783 shares during the period. Thrivent Financial for Lutherans’ holdings in National Storage Affiliates Trust were worth $96,600,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Loomis Sayles & Co. L P bought a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth about $25,000. Versant Capital Management Inc boosted its position in shares of National Storage Affiliates Trust by 233.6% during the 4th quarter. Versant Capital Management Inc now owns 734 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 514 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of National Storage Affiliates Trust by 48.9% during the 4th quarter. Venturi Wealth Management LLC now owns 2,161 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 710 shares in the last quarter. KBC Group NV boosted its position in shares of National Storage Affiliates Trust by 94.3% during the 4th quarter. KBC Group NV now owns 3,851 shares of the real estate investment trust’s stock worth $146,000 after purchasing an additional 1,869 shares in the last quarter. Finally, Johnson & White Wealth Management LLC bought a new position in shares of National Storage Affiliates Trust during the 4th quarter worth about $228,000. Institutional investors own 99.97% of the company’s stock.

Insider Buying and Selling at National Storage Affiliates Trust

In related news, Director Michael J. Schall acquired 4,000 shares of the company’s stock in a transaction dated Thursday, March 6th. The stock was bought at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now owns 6,000 shares of the company’s stock, valued at approximately $231,240. The trade was a 200.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 13.00% of the company’s stock.

National Storage Affiliates Trust Trading Up 2.0 %

NYSE:NSA opened at $38.00 on Wednesday. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 22.22 and a beta of 1.07. National Storage Affiliates Trust has a 52 week low of $34.59 and a 52 week high of $49.44. The firm has a 50-day moving average price of $37.49 and a two-hundred day moving average price of $41.46.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.19 by $0.41. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The firm had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. On average, equities analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a $0.57 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 200.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price target for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Barclays dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. Robert W. Baird dropped their price target on shares of National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Thursday, March 13th. Finally, Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Two 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target 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.