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

National Storage Affiliates Trust (NYSE:NSA) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 2.360-2.440 for the period, compared to the consensus earnings per share estimate of 2.480. The company issued revenue guidance of -.

National Storage Affiliates Trust Trading Down 0.7 %

Shares of National Storage Affiliates Trust stock traded down $0.29 during trading on Wednesday, hitting $42.04. The stock had a trading volume of 1,263,666 shares, compared to its average volume of 790,838. National Storage Affiliates Trust has a 1 year low of $27.86 and a 1 year high of $46.84. The stock has a 50 day simple moving average of $41.47 and a 200 day simple moving average of $38.49. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $3.15 billion, a PE ratio of 22.01 and a beta of 0.95.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.47). The firm had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.30% and a net margin of 22.07%. The company’s revenue for the quarter was down 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.68 earnings per share. On average, research analysts expect that National Storage Affiliates Trust will post 2.49 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 5.33%. The ex-dividend date was Friday, June 14th. National Storage Affiliates Trust’s payout ratio is 117.28%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NSA. Wells Fargo & Company upped their target price on National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an underweight rating in a report on Friday, July 26th. Robert W. Baird increased their target price on shares of National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock a neutral rating in a research report on Tuesday. Finally, Evercore ISI boosted their price target on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an underperform rating in a report on Monday, July 15th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of Hold and a consensus price target of $37.60.

Insider Transactions at National Storage Affiliates Trust

In other National Storage Affiliates Trust news, Director Chad Leroy Meisinger acquired 18,405 shares of National Storage Affiliates Trust stock in a transaction that occurred on Friday, June 7th. The stock was acquired at an average price of $37.74 per share, with a total value of $694,604.70. Following the purchase, the director now owns 114,155 shares in the company, valued at $4,308,209.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 13.00% of the stock is currently owned by company insiders.

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.