National Storage Affiliates Trust (NYSE:NSA) Updates FY 2024 Earnings Guidance

National Storage Affiliates Trust (NYSE:NSA) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 2.360-2.440 for the period, compared to the consensus earnings per share estimate of 2.410. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several research firms have recently commented on NSA. KeyCorp lowered shares of National Storage Affiliates Trust from an “overweight” rating to a “sector weight” rating in a research report on Monday, September 9th. Evercore ISI boosted their price objective on National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an “underperform” rating in a research report on Monday, September 16th. Citigroup boosted their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a “neutral” rating in a report on Friday, August 30th. Barclays boosted their target price on National Storage Affiliates Trust from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Jefferies Financial Group upped their target price on shares of National Storage Affiliates Trust from $47.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, National Storage Affiliates Trust currently has an average rating of “Hold” and an average price target of $42.83.

National Storage Affiliates Trust Trading Down 1.3 %

Shares of NYSE:NSA traded down $0.53 on Friday, hitting $41.62. 672,235 shares of the company’s stock were exchanged, compared to its average volume of 729,059. The business’s 50 day simple moving average is $45.77 and its two-hundred day simple moving average is $41.94. The company has a debt-to-equity ratio of 2.28, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 24.35 and a beta of 0.98. National Storage Affiliates Trust has a 12 month low of $29.13 and a 12 month high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.42). The company had revenue of $174.80 million for the quarter, compared to the consensus estimate of $185.45 million. National Storage Affiliates Trust had a net margin of 20.59% and a return on equity of 10.10%. The company’s quarterly revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.67 EPS. Analysts anticipate that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 130.99%.

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.