National Storage Affiliates Trust Plans Quarterly Dividend of $0.57 (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) declared a quarterly dividend on Thursday, February 12th. Shareholders of record on Friday, March 13th will be given a dividend of 0.57 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Friday, March 13th.

National Storage Affiliates Trust has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. National Storage Affiliates Trust has a dividend payout ratio of 268.2% indicating that 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 Price Performance

Shares of National Storage Affiliates Trust stock opened at $33.14 on Friday. The business has a 50 day moving average of $30.64 and a 200 day moving average of $30.59. The company has a market cap of $2.55 billion, a PE ratio of 54.33 and a beta of 1.19. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62.

Analyst Ratings Changes

A number of equities analysts have issued reports on NSA shares. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wolfe Research upgraded shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. National Bank Financial set a $32.00 price target on shares of National Storage Affiliates Trust in a report on Friday, December 5th. KeyCorp restated a “sector weight” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, November 4th. Finally, Wall Street Zen cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Ten analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $32.30.

National Storage Affiliates Trust Company Profile

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.