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

National Storage Affiliates Trust (NYSE:NSA) announced a quarterly dividend on Thursday, November 14th,Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.57 per share by the real estate investment trust on Tuesday, December 31st. This represents a $2.28 annualized dividend and a yield of 5.29%. The ex-dividend date is Friday, December 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.56.

National Storage Affiliates Trust has increased its dividend payment by an average of 31.0% annually over the last three years. National Storage Affiliates Trust has a dividend payout ratio of 355.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect National Storage Affiliates Trust to earn $2.45 per share next year, which means the company should continue to be able to cover its $2.24 annual dividend with an expected future payout ratio of 91.4%.

National Storage Affiliates Trust Trading Up 1.9 %

National Storage Affiliates Trust stock opened at $43.14 on Friday. National Storage Affiliates Trust has a 1 year low of $32.42 and a 1 year high of $49.44. The firm’s 50 day moving average price is $45.14 and its two-hundred day moving average price is $42.40. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 25.23 and a beta of 0.99. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The company had revenue of $174.80 million during the quarter, compared to analyst estimates of $185.45 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The business’s revenue was down 20.2% compared to the same quarter last year. On average, research analysts predict that National Storage Affiliates Trust will post 2.4 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on NSA shares. Wells Fargo & Company upped their price objective on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research note on Monday, October 21st. KeyCorp downgraded shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Barclays lifted their price objective on shares of National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Evercore ISI increased their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 16th. Finally, Robert W. Baird raised their target price on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, National Storage Affiliates Trust presently has a consensus rating of “Hold” and a consensus target price of $43.17.

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.