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

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Citigroup raised their price objective on shares of National Storage Affiliates Trust from $36.00 to $44.50 and gave the company a “neutral” rating in a research note on Friday, August 30th. Jefferies Financial Group lifted their price objective on National Storage Affiliates Trust from $47.00 to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Truist Financial increased their target price on National Storage Affiliates Trust from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Friday, August 16th. Evercore ISI boosted their target price on National Storage Affiliates Trust from $40.00 to $41.00 and gave the stock an “underperform” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company increased their price target on shares of National Storage Affiliates Trust from $40.00 to $42.00 and gave the company an “underweight” rating in a research report on Monday, October 21st. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $42.83.

National Storage Affiliates Trust Stock Down 0.1 %

Shares of National Storage Affiliates Trust stock traded down $0.06 during trading on Wednesday, reaching $42.44. The stock had a trading volume of 498,712 shares, compared to its average volume of 728,886. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 2.28. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 23.73 and a beta of 0.98. The stock has a fifty day moving average price of $45.93 and a two-hundred day moving average price of $41.90. National Storage Affiliates Trust has a 52 week low of $27.96 and a 52 week high of $49.44.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.47). The firm had revenue of $190.50 million for the quarter, compared to analyst estimates of $186.37 million. National Storage Affiliates Trust had a return on equity of 10.43% and a net margin of 21.23%. The company’s revenue was down 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.68 EPS. Sell-side analysts predict that National Storage Affiliates Trust will post 2.41 EPS for the current fiscal year.

National Storage Affiliates Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend was Friday, September 13th. National Storage Affiliates Trust’s dividend payout ratio is currently 125.14%.

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.