National Storage Affiliates Trust Declares Quarterly Dividend of $0.57 (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) announced a quarterly dividend on Thursday, February 13th,Wall Street Journal reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.57 per share by the real estate investment trust on Monday, March 31st. This represents a $2.28 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date is Friday, March 14th.

National Storage Affiliates Trust has increased its dividend by an average of 6.4% annually over the last three years. National Storage Affiliates Trust has a dividend payout ratio of 325.7% 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 $2.41 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 94.6%.

National Storage Affiliates Trust Trading Up 1.0 %

NYSE:NSA traded up $0.39 on Tuesday, reaching $37.77. 44,798 shares of the stock traded hands, compared to its average volume of 449,642. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 22.10 and a beta of 1.03. The company's 50 day moving average is $37.86 and its 200-day moving average is $42.31. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. National Storage Affiliates Trust has a 1-year low of $34.50 and a 1-year high of $49.44.

Wall Street Analyst Weigh In

A number of analysts have weighed in on NSA shares. Wells Fargo & Company increased their target price on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an "underweight" rating in a research report on Monday, October 21st. Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a "sell" rating to a "hold" rating and decreased their target price for the company from $40.00 to $38.00 in a research report on Friday, January 10th. Barclays cut 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 report on Monday, January 13th. Finally, Robert W. Baird increased their price target on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a "neutral" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $43.06.

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.