National Storage Affiliates Trust (NYSE:NSA) Issues FY 2024 Earnings Guidance

National Storage Affiliates Trust (NYSE:NSA) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.360-2.440 for the period, compared to the consensus estimate of 2.410. The company issued revenue guidance of -.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock traded down $0.06 during mid-day trading on Wednesday, reaching $42.44. The company had a trading volume of 498,712 shares, compared to its average volume of 728,886. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. The firm has a market cap of $3.18 billion, a price-to-earnings ratio of 23.73 and a beta of 0.98. The company has a 50 day moving average of $45.93 and a 200-day moving average of $41.90. National Storage Affiliates Trust has a 52 week low of $27.96 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The firm had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. During the same period last year, the business earned $0.68 earnings per share. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, sell-side analysts expect that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 13th were given a $0.56 dividend. The ex-dividend date was Friday, September 13th. This represents a $2.24 annualized dividend and a yield of 5.28%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 125.14%.

Wall Street Analyst Weigh In

NSA has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the stock an “underweight” rating in a report on Monday, October 21st. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Barclays upped their price target on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday. Citigroup increased their price objective on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Evercore ISI boosted their target price on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $42.83.

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.