National Storage Affiliates Trust (NSA) To Go Ex-Dividend on July 21st

National Storage Affiliates Trust (NYSE:NSA) declared a special dividend on Friday, July 10th. Shareholders of record on Tuesday, July 21st will be given a dividend of 0.0336 per share by the real estate investment trust on Wednesday, July 22nd. The ex-dividend date of this dividend is Tuesday, July 21st.

National Storage Affiliates Trust has raised its dividend by an average of 0.1%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 268.2% meaning 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 $2.27 per share next year, which means the company may not be able to cover its $2.28 annual dividend with an expected future payout ratio of 100.4%.

National Storage Affiliates Trust Price Performance

Shares of National Storage Affiliates Trust stock opened at $44.55 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 3.02. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 59.40 and a beta of 1.03. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $46.47. The firm’s 50-day moving average price is $43.99 and its two-hundred day moving average price is $38.65.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). The firm had revenue of $185.40 million during the quarter, compared to the consensus estimate of $181.69 million. National Storage Affiliates Trust had a net margin of 10.48% and a return on equity of 6.46%. The business’s revenue was down 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. On average, equities analysts predict that National Storage Affiliates Trust will post 2.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of NSA. Handelsbanken Fonder AB lifted its holdings in National Storage Affiliates Trust by 6.1% during the 2nd quarter. Handelsbanken Fonder AB now owns 24,216 shares of the real estate investment trust’s stock worth $1,077,000 after buying an additional 1,400 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of National Storage Affiliates Trust by 22.6% in the 2nd quarter. GAMMA Investing LLC now owns 3,610 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 665 shares during the period. Versant Capital Management Inc raised its position in shares of National Storage Affiliates Trust by 167.9% during the second quarter. Versant Capital Management Inc now owns 1,235 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 774 shares during the last quarter. Alpine Woods Capital Investors LLC bought a new stake in shares of National Storage Affiliates Trust during the first quarter worth $249,000. Finally, Amundi lifted its stake in shares of National Storage Affiliates Trust by 7.2% during the first quarter. Amundi now owns 39,868 shares of the real estate investment trust’s stock valued at $1,505,000 after acquiring an additional 2,686 shares during the period. Institutional investors own 99.97% of the company’s stock.

About National Storage Affiliates Trust

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.