Thrivent Financial for Lutherans Has $75.42 Million Position in National Storage Affiliates Trust $NSA

Thrivent Financial for Lutherans decreased its position in shares of National Storage Affiliates Trust (NYSE:NSA) by 13.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,357,487 shares of the real estate investment trust’s stock after selling 359,205 shares during the quarter. Thrivent Financial for Lutherans’ holdings in National Storage Affiliates Trust were worth $75,416,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Balyasny Asset Management L.P. increased its stake in shares of National Storage Affiliates Trust by 172.0% in the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock valued at $100,670,000 after buying an additional 1,989,965 shares during the period. Long Pond Capital LP bought a new position in National Storage Affiliates Trust in the second quarter valued at about $79,936,000. Prudential Financial Inc. boosted its holdings in National Storage Affiliates Trust by 50.0% in the second quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust’s stock valued at $66,844,000 after acquiring an additional 696,067 shares during the last quarter. Jennison Associates LLC increased its position in National Storage Affiliates Trust by 38.5% in the second quarter. Jennison Associates LLC now owns 1,485,145 shares of the real estate investment trust’s stock worth $47,510,000 after purchasing an additional 413,173 shares during the period. Finally, Geode Capital Management LLC raised its holdings in National Storage Affiliates Trust by 0.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,435,046 shares of the real estate investment trust’s stock worth $45,912,000 after purchasing an additional 12,737 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NSA has been the topic of several recent research reports. Wall Street Zen raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Morgan Stanley upgraded shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $30.00 to $32.00 in a report on Friday, December 5th. KeyCorp reaffirmed a “sector weight” rating on shares of National Storage Affiliates Trust in a report on Tuesday, November 4th. National Bankshares set a $32.00 target price on shares of National Storage Affiliates Trust in a research report on Friday, December 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of National Storage Affiliates Trust in a research note on Wednesday, October 8th. Ten investment analysts have rated the stock with a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $33.27.

National Storage Affiliates Trust Stock Up 0.0%

Shares of NYSE NSA opened at $29.76 on Monday. National Storage Affiliates Trust has a 52-week low of $28.02 and a 52-week high of $41.76. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a market cap of $2.29 billion, a P/E ratio of 48.79 and a beta of 1.19. The firm has a 50 day moving average price of $30.10 and a 200 day moving average price of $31.14.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.01. National Storage Affiliates Trust had a net margin of 8.94% and a return on equity of 5.09%. The company had revenue of $188.70 million for the quarter, compared to analyst estimates of $184.04 million. During the same period last year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. Analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 15th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, December 15th. National Storage Affiliates Trust’s dividend payout ratio is 373.77%.

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.