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

National Storage Affiliates Trust (NYSE:NSA) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.41, Zacks reports. National Storage Affiliates Trust had a return on equity of 10.35% and a net margin of 20.59%. National Storage Affiliates Trust updated its FY 2025 guidance to 2.300-2.380 EPS.

National Storage Affiliates Trust Stock Down 1.6 %

Shares of National Storage Affiliates Trust stock traded down $0.63 during trading on Wednesday, hitting $38.23. 560,716 shares of the stock were exchanged, compared to its average volume of 457,982. The company has a debt-to-equity ratio of 2.35, a current ratio of 0.72 and a quick ratio of 0.72. The firm’s 50-day moving average price is $37.39 and its 200 day moving average price is $42.12. The stock has a market cap of $2.91 billion, a price-to-earnings ratio of 22.36 and a beta of 1.03. National Storage Affiliates Trust has a 12-month low of $34.50 and a 12-month high of $49.44.

National Storage Affiliates Trust Dividend Announcement

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

Analysts Set New Price Targets

NSA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and cut their price target for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Wells Fargo & Company cut their target price on shares of National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research note on Friday, February 21st. Robert W. Baird increased their target price on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Finally, Barclays dropped their price target on shares of National Storage Affiliates Trust from $46.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.56.

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.