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

National Storage Affiliates Trust (NYSE:NSA) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.41, Zacks reports. The company had revenue of $190.12 million during the quarter, compared to analyst estimates of $185.37 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.35%. National Storage Affiliates Trust updated its FY 2025 guidance to 2.300-2.380 EPS.

National Storage Affiliates Trust Stock Up 0.2 %

NYSE NSA traded up $0.07 during trading hours on Thursday, reaching $38.30. 180,221 shares of the company’s stock were exchanged, compared to its average volume of 450,517. The company’s 50-day moving average is $37.37 and its two-hundred day moving average is $42.09. National Storage Affiliates Trust has a one year low of $34.50 and a one year high of $49.44. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of 22.38 and a beta of 1.03.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 14th will be paid a dividend of $0.57 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $2.28 dividend on an annualized basis and a yield of 5.95%. National Storage Affiliates Trust’s payout ratio is 133.33%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on NSA shares. Wells Fargo & Company lowered their price objective 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 boosted their price objective on shares of National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $38.00 in a research note on Friday, January 10th. Finally, Barclays reduced their price objective 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 research analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.