National Storage Affiliates Trust $NSA Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans reduced its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 29.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,654,857 shares of the real estate investment trust’s stock after selling 702,630 shares during the period. Thrivent Financial for Lutherans owned about 2.16% of National Storage Affiliates Trust worth $50,010,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in National Storage Affiliates Trust by 339.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 822 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 635 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of National Storage Affiliates Trust during the first quarter worth about $32,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of National Storage Affiliates Trust in the third quarter valued at approximately $41,000. Jones Financial Companies Lllp boosted its stake in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock valued at $48,000 after purchasing an additional 821 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of National Storage Affiliates Trust by 43.5% in the second quarter. Osaic Holdings Inc. now owns 1,786 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 541 shares in the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

National Storage Affiliates Trust Stock Performance

NYSE:NSA opened at $31.72 on Tuesday. National Storage Affiliates Trust has a 12 month low of $27.43 and a 12 month high of $40.62. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25. The firm has a market capitalization of $2.44 billion, a PE ratio of 52.00 and a beta of 1.19. The business’s fifty day moving average price is $30.13 and its 200 day moving average price is $30.51.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The company had revenue of $188.70 million during the quarter, compared to the consensus estimate of $184.04 million. During the same period in the previous year, the business earned $0.62 EPS. National Storage Affiliates Trust’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, sell-side 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 15th were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend was Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is 373.77%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays set a $33.00 target price on shares of National Storage Affiliates Trust in a report on Tuesday, January 13th. Truist Financial upped their price objective on National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. UBS Group decreased their target price on National Storage Affiliates Trust from $30.00 to $29.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Wolfe Research upgraded National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday, January 26th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research report on Thursday, January 22nd. Ten equities research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $32.50.

National Storage Affiliates Trust Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.