National Storage Affiliates Trust (NYSE:NSA) Releases FY 2024 Earnings Guidance

National Storage Affiliates Trust (NYSE:NSA) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 2.360-2.440 for the period, compared to the consensus estimate of 2.410. The company issued revenue guidance of -.

National Storage Affiliates Trust Trading Down 0.1 %

Shares of NSA opened at $42.44 on Thursday. The firm’s fifty day moving average is $45.90 and its two-hundred day moving average is $41.90. The stock has a market cap of $3.18 billion, a PE ratio of 23.71 and a beta of 0.98. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 2.28. National Storage Affiliates Trust has a 52-week low of $27.96 and a 52-week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.47). The business had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. National Storage Affiliates Trust’s revenue was down 11.6% compared to the same quarter last year. During the same period last year, the business earned $0.68 EPS. Research analysts forecast that National Storage Affiliates Trust will post 2.41 earnings per share for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were paid a dividend of $0.56 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.24 annualized dividend and a dividend yield of 5.28%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 125.14%.

Analyst Ratings Changes

Several research firms have issued reports on NSA. Evercore ISI boosted their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Robert W. Baird boosted their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 6th. Citigroup increased their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. KeyCorp downgraded National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Finally, Barclays increased their price objective on National Storage Affiliates Trust from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday. Three 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 data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.83.

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.