National Storage Affiliates Trust to Issue Special Dividend of $0.03 (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) announced a special dividend on Friday, July 10th. Stockholders of record on Tuesday, July 21st will be paid 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 payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive 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. Research 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 Trading Down 2.0%

Shares of NYSE:NSA opened at $44.55 on Friday. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $46.47. The company has a market capitalization of $3.44 billion, a P/E ratio of 59.40 and a beta of 1.03. The company has a 50-day simple moving average of $43.99 and a 200 day simple moving average of $38.65. The company has a debt-to-equity ratio of 3.02, a quick ratio of 0.29 and a current ratio of 0.29.

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

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.