National Storage Affiliates Trust (NYSE:NSA) Issues Quarterly Earnings Results

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.41, Zacks reports. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. The company had revenue of $190.12 million for the quarter, compared to analysts' expectations of $185.37 million. National Storage Affiliates Trust updated its FY 2025 guidance to 2.300-2.380 EPS.

National Storage Affiliates Trust Stock Performance

National Storage Affiliates Trust stock traded down $0.39 during trading hours on Friday, hitting $38.61. The stock had a trading volume of 1,703,542 shares, compared to its average volume of 496,475. The company has a 50-day moving average of $37.42 and a two-hundred day moving average of $42.03. 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 company has a market cap of $2.94 billion, a PE ratio of 22.58 and a beta of 1.03. National Storage Affiliates Trust has a fifty-two week low of $34.50 and a fifty-two week high of $49.44.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, March 14th. This represents a $2.28 annualized dividend and a yield of 5.90%. National Storage Affiliates Trust's payout ratio is 200.00%.

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Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on NSA. Robert W. Baird upped their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 6th. Barclays cut their target price on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and dropped their price target for the company from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Wells Fargo & Company dropped their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an "underweight" rating on the stock in a research note on Friday, February 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $42.56.

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.