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

Thrivent Financial for Lutherans increased its stake in National Storage Affiliates Trust (NYSE:NSA - Free Report) by 0.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,548,145 shares of the real estate investment trust's stock after acquiring an additional 10,783 shares during the quarter. Thrivent Financial for Lutherans owned approximately 3.34% of National Storage Affiliates Trust worth $96,600,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Fisher Asset Management LLC raised its holdings in shares of National Storage Affiliates Trust by 6.5% during the fourth quarter. Fisher Asset Management LLC now owns 10,129 shares of the real estate investment trust's stock valued at $384,000 after acquiring an additional 616 shares during the period. Proficio Capital Partners LLC purchased a new position in National Storage Affiliates Trust during the 4th quarter worth approximately $795,000. Oppenheimer Asset Management Inc. raised its stake in National Storage Affiliates Trust by 9.3% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 89,852 shares of the real estate investment trust's stock valued at $3,406,000 after purchasing an additional 7,655 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of National Storage Affiliates Trust by 2.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,012,411 shares of the real estate investment trust's stock valued at $38,381,000 after purchasing an additional 23,366 shares in the last quarter. Finally, Hancock Whitney Corp boosted its position in shares of National Storage Affiliates Trust by 1,760.2% in the third quarter. Hancock Whitney Corp now owns 208,195 shares of the real estate investment trust's stock worth $10,035,000 after buying an additional 197,003 shares during the period. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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Insider Transactions at National Storage Affiliates Trust

In other news, Director Michael J. Schall purchased 4,000 shares of the company's stock in a transaction dated Thursday, March 6th. The shares were bought at an average price of $38.54 per share, with a total value of $154,160.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at $231,240. This trade represents a 200.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.00% of the stock is currently owned by corporate insiders.

National Storage Affiliates Trust Stock Down 0.5 %

NSA traded down $0.19 during midday trading on Friday, hitting $38.20. 1,361,166 shares of the company's stock traded hands, compared to its average volume of 625,072. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $2.92 billion, a PE ratio of 22.34 and a beta of 1.07. The stock's fifty day simple moving average is $37.58 and its 200-day simple moving average is $41.32. National Storage Affiliates Trust has a one year low of $34.59 and a one year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, topping 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 company had revenue of $190.12 million for the quarter, compared to analyst estimates of $185.37 million. As a group, equities analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be given a $0.57 dividend. The ex-dividend date is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.97%. National Storage Affiliates Trust's dividend payout ratio is currently 200.00%.

Analyst Ratings Changes

Several research firms recently weighed in on NSA. Wells Fargo & Company dropped their price target on 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. Barclays dropped their target price on National Storage Affiliates Trust from $42.00 to $41.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Robert W. Baird reduced 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 research report on Thursday, March 13th. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and lowered their price objective for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $42.06.

National Storage Affiliates Trust Company 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.