National Storage Affiliates Trust (NSA) to Issue Quarterly Dividend of $0.57 on March 31st

National Storage Affiliates Trust (NYSE:NSA) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.57 per share by the real estate investment trust on Monday, March 31st. This represents a $2.28 annualized dividend and a dividend yield of 6.03%. The ex-dividend date of this dividend is Friday, March 14th.

National Storage Affiliates Trust has raised its dividend payment by an average of 6.4% per year over the last three years. National Storage Affiliates Trust has a dividend payout ratio of 345.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect National Storage Affiliates Trust to earn $2.40 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 95.0%.

National Storage Affiliates Trust Trading Down 4.4 %

Shares of National Storage Affiliates Trust stock opened at $37.84 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.35. The firm has a market cap of $2.89 billion, a PE ratio of 22.13 and a beta of 1.07. The business’s fifty day moving average is $37.54 and its two-hundred day moving average is $41.77. National Storage Affiliates Trust has a fifty-two week low of $34.59 and a fifty-two week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.41. The business had revenue of $190.12 million for the quarter, compared to the consensus estimate of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. Analysts anticipate that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on NSA. Wells Fargo & Company lowered their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Friday, February 21st. Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Barclays dropped their price target on National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Two 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 stock. Based on data from MarketBeat.com, National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus price target of $42.56.

Insider Activity

In other National Storage Affiliates Trust news, Director Michael J. Schall acquired 4,000 shares of the company’s stock in a transaction on Thursday, March 6th. The stock was acquired at an average price of $38.54 per share, for a total transaction of $154,160.00. Following the purchase, the director now directly owns 6,000 shares of the company’s stock, valued at $231,240. This trade represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 12.20% of the stock is owned by corporate insiders.

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.