Thrivent Financial for Lutherans Has $103.67 Million Stake in National Storage Affiliates Trust (NYSE:NSA)

Thrivent Financial for Lutherans boosted its holdings in shares of National Storage Affiliates Trust (NYSE:NSA) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,514,908 shares of the real estate investment trust’s stock after buying an additional 90,925 shares during the period. Thrivent Financial for Lutherans’ holdings in National Storage Affiliates Trust were worth $103,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of NSA. Sei Investments Co. grew its stake in shares of National Storage Affiliates Trust by 9.1% in the 2nd quarter. Sei Investments Co. now owns 388,995 shares of the real estate investment trust’s stock valued at $16,034,000 after purchasing an additional 32,544 shares during the period. Intech Investment Management LLC bought a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $1,197,000. XTX Topco Ltd acquired a new stake in National Storage Affiliates Trust in the 2nd quarter valued at $495,000. Hsbc Holdings PLC grew its position in National Storage Affiliates Trust by 12.9% in the second quarter. Hsbc Holdings PLC now owns 50,224 shares of the real estate investment trust’s stock valued at $2,070,000 after acquiring an additional 5,729 shares during the period. Finally, Axxcess Wealth Management LLC raised its stake in National Storage Affiliates Trust by 10.1% during the second quarter. Axxcess Wealth Management LLC now owns 56,842 shares of the real estate investment trust’s stock worth $2,343,000 after acquiring an additional 5,193 shares in the last quarter. Institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Price Performance

NSA opened at $48.57 on Friday. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $3.64 billion, a P/E ratio of 25.43 and a beta of 0.98. The company’s 50 day simple moving average is $44.92 and its 200-day simple moving average is $40.45. National Storage Affiliates Trust has a one year low of $27.86 and a one year high of $49.25.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). The firm had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.68 EPS. Sell-side analysts anticipate that National Storage Affiliates Trust will post 2.39 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be issued a $0.56 dividend. This represents a $2.24 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio is 117.28%.

Wall Street Analysts Forecast Growth

NSA has been the topic of several recent analyst reports. Barclays boosted their target price on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th. Jefferies Financial Group upped their price objective on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday. Truist Financial lifted their target price on shares of National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Finally, Robert W. Baird increased their price target on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $42.50.

National Storage Affiliates Trust 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.