National Storage Affiliates Trust (NYSE:NSA) Releases FY24 Earnings Guidance

National Storage Affiliates Trust (NYSE:NSA) updated its FY24 earnings guidance on Monday. The company provided earnings per share guidance of $2.36-2.44 for the period, compared to the consensus earnings per share estimate of $2.48.

National Storage Affiliates Trust Stock Performance

NYSE NSA traded down $0.60 during trading on Monday, hitting $42.43. The company’s stock had a trading volume of 947,396 shares, compared to its average volume of 780,484. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 2.05. National Storage Affiliates Trust has a 52 week low of $27.86 and a 52 week high of $46.84. The firm has a 50 day moving average price of $41.06 and a 200 day moving average price of $38.39. The firm has a market cap of $3.18 billion, a P/E ratio of 22.21 and a beta of 0.95.

National Storage Affiliates Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.56 dividend. The ex-dividend date was Friday, June 14th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 5.28%. National Storage Affiliates Trust’s dividend payout ratio is currently 117.28%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the stock an underperform rating in a research report on Monday, July 15th. Wells Fargo & Company increased their price objective on shares of National Storage Affiliates Trust from $36.00 to $40.00 and gave the company an underweight rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and a consensus price target of $37.44.

Insider Activity

In other news, Director Chad Leroy Meisinger purchased 18,405 shares of National Storage Affiliates Trust stock in a transaction on Friday, June 7th. The stock was purchased at an average price of $37.74 per share, with a total value of $694,604.70. Following the transaction, the director now directly owns 114,155 shares in the company, valued at approximately $4,308,209.70. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 13.00% of the company’s stock.

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.