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

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

National Storage Affiliates Trust Stock Up 2.0 %

Shares of NYSE:NSA opened at $39.01 on Friday. The company’s fifty day moving average is $37.41 and its two-hundred day moving average is $42.07. The company has a debt-to-equity ratio of 2.35, a quick ratio of 0.72 and a current ratio of 0.72. National Storage Affiliates Trust has a 1-year low of $34.50 and a 1-year high of $49.44. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 22.75 and a beta of 1.03.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 14th will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date is Friday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 133.33%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on National Storage Affiliates Trust from $40.00 to $38.00 and set an “underweight” rating on the stock in a research report on Friday, February 21st. Robert W. Baird lifted their price objective on National Storage Affiliates Trust from $39.00 to $42.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Barclays reduced their target price on 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. Finally, Deutsche Bank Aktiengesellschaft raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating and decreased their price target for the stock from $40.00 to $38.00 in a research report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus 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.