National Storage Affiliates Trust (NSA) To Go Ex-Dividend on June 15th

National Storage Affiliates Trust (NYSE:NSA) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Monday, June 15th will be given a dividend of 0.57 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend is Monday, June 15th.

National Storage Affiliates Trust has raised its dividend by an average of 0.1%per year 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. Equities analysts expect National Storage Affiliates Trust to earn $2.28 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 100.0%.

National Storage Affiliates Trust Price Performance

NSA opened at $45.66 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 3.02. National Storage Affiliates Trust has a 52-week low of $27.43 and a 52-week high of $46.47. The company has a 50 day moving average of $42.50 and a two-hundred day moving average of $35.87. The company has a market cap of $3.53 billion, a P/E ratio of 60.88 and a beta of 1.05.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The business had revenue of $185.40 million for the quarter, compared to analysts’ expectations of $181.69 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. National Storage Affiliates Trust’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, analysts expect that National Storage Affiliates Trust will post 2.22 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NSA. Royal Bank of Canada lifted its position in shares of National Storage Affiliates Trust by 0.8% during the first quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock worth $4,345,000 after purchasing an additional 898 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in National Storage Affiliates Trust during the 1st quarter worth $32,000. Jones Financial Companies Lllp increased its position in shares of National Storage Affiliates Trust by 207.3% in the 1st quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 821 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of National Storage Affiliates Trust by 42.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock worth $3,637,000 after purchasing an additional 27,546 shares during the last quarter. Finally, Empowered Funds LLC increased its position in shares of National Storage Affiliates Trust by 2.0% in the 1st quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock worth $2,420,000 after purchasing an additional 1,209 shares during the last quarter. 99.97% of the stock is owned by institutional investors and hedge funds.

About National Storage Affiliates Trust

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.