National Storage Affiliates Trust (NSA) To Go Ex-Dividend on June 13th

National Storage Affiliates Trust (NYSE:NSA) announced a quarterly dividend on Friday, May 16th, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.57 per share by the real estate investment trust on Monday, June 30th. This represents a $2.28 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date is Friday, June 13th.

National Storage Affiliates Trust has increased its dividend by an average of 6.4% annually over the last three years and has increased its dividend every year for the last 1 years. National Storage Affiliates Trust has a payout ratio of 325.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Performance

NSA stock opened at $36.71 on Friday. The firm has a market cap of $2.81 billion, a PE ratio of 21.47 and a beta of 1.20. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.35. The stock has a 50-day moving average price of $36.49 and a 200-day moving average price of $38.56. National Storage Affiliates Trust has a 1-year low of $30.88 and a 1-year high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. The business had revenue of $188.35 million during the quarter, compared to the consensus estimate of $184.65 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. The company’s revenue for the quarter was down 4.0% compared to the same quarter last year. As a group, equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on NSA shares. Wells Fargo & Company reduced their price target on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Friday, February 21st. Mizuho started coverage on National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a “neutral” rating and a $35.00 target price for the company. Robert W. Baird dropped their price target on National Storage Affiliates Trust from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Thursday, March 13th. Finally, Barclays cut their price target on National Storage Affiliates Trust from $42.00 to $41.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.28.

Insider Activity at National Storage Affiliates Trust

In other news, Director Michael J. Schall acquired 4,000 shares of the business’s stock in a transaction on Thursday, March 6th. The shares were purchased at an average cost of $38.54 per share, with a total value of $154,160.00. Following the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at $231,240. The trade was a 200.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 13.70% of the stock is owned by insiders.

Institutional Trading of National Storage Affiliates Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisors Asset Management Inc. bought a new stake in National Storage Affiliates Trust in the 1st quarter worth about $32,000. Jones Financial Companies Lllp boosted its stake in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 821 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of National Storage Affiliates Trust by 2.0% in the first quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock valued at $2,420,000 after acquiring an additional 1,209 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of National Storage Affiliates Trust by 42.5% during the first quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock valued at $3,637,000 after acquiring an additional 27,546 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of National Storage Affiliates Trust by 0.8% during the first quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock valued at $4,345,000 after acquiring an additional 898 shares during the last quarter. Hedge funds and other institutional investors own 99.97% of the company’s stock.

About National Storage Affiliates Trust

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.