National Storage Affiliates Trust (NYSE:NSA) Releases Earnings Results, Beats Expectations By $0.41 EPS

National Storage Affiliates Trust (NYSE:NSA) issued 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%. National Storage Affiliates Trust updated its FY 2025 guidance to 2.300-2.380 EPS.

National Storage Affiliates Trust Trading Down 1.6 %

NSA traded down $0.63 on Wednesday, hitting $38.23. The company had a trading volume of 560,716 shares, compared to its average volume of 457,982. The company’s fifty day moving average price is $37.39 and its 200 day moving average price is $42.12. National Storage Affiliates Trust has a 1 year low of $34.50 and a 1 year high of $49.44. 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 firm has a market cap of $2.91 billion, a P/E ratio of 22.36 and a beta of 1.03.

National Storage Affiliates Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

A number of analysts have commented on the stock. Robert W. Baird increased their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the company a “neutral” rating in a report on Wednesday, November 6th. Wells Fargo & Company cut their price target on 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. Barclays lowered their price objective on 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. Finally, Deutsche Bank Aktiengesellschaft raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their target price for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target 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.