National Storage Affiliates Trust (NYSE:NSA) Issues Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• National Storage Affiliates Trust (NYSE:NSA) reported an earnings per share (EPS) of $0.55, which missed estimates by $0.03.
• The company's stock price fell 0.3% to $29.51 following the earnings announcement, with a noted market cap of $2.26 billion.
• National Storage Affiliates Trust announced a quarterly dividend of $0.57 per share, reflecting a 7.7% yield, despite having a high dividend payout ratio of 386.44%.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) posted its earnings results on Monday. The real estate investment trust reported $0.55 EPS for the quarter, missing the consensus estimate of $0.58 by ($0.03), Zacks reports. National Storage Affiliates Trust had a return on equity of 4.59% and a net margin of 8.59%. National Storage Affiliates Trust updated its FY 2025 guidance to 2.170-2.230 EPS.

National Storage Affiliates Trust Stock Down 0.3%

NSA stock traded down $0.09 during mid-day trading on Monday, hitting $29.51. 1,137,841 shares of the company were exchanged, compared to its average volume of 861,212. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.22 and a current ratio of 0.22. The firm has a market cap of $2.26 billion, a P/E ratio of 50.02 and a beta of 1.10. The firm's 50 day simple moving average is $32.54 and its 200 day simple moving average is $35.39. National Storage Affiliates Trust has a 1-year low of $29.02 and a 1-year high of $49.44.

National Storage Affiliates Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 13th were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 7.7%. The ex-dividend date was Friday, June 13th. National Storage Affiliates Trust's dividend payout ratio (DPR) is 386.44%.

Institutional Trading of National Storage Affiliates Trust

Several hedge funds and other institutional investors have recently modified their holdings of NSA. Advisors Asset Management Inc. acquired a new stake in shares of National Storage Affiliates Trust in the 1st quarter valued at about $32,000. Jones Financial Companies Lllp raised its holdings in shares of National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust's stock valued at $48,000 after purchasing an additional 821 shares during the last quarter. Empowered Funds LLC raised its holdings in shares of National Storage Affiliates Trust by 2.0% in the first quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust's stock valued at $2,420,000 after purchasing an additional 1,209 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of National Storage Affiliates Trust by 42.5% in the first quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust's stock valued at $3,637,000 after purchasing an additional 27,546 shares during the last quarter. Finally, Royal Bank of Canada raised its holdings in shares of National Storage Affiliates Trust by 0.8% in the first quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust's stock valued at $4,345,000 after purchasing an additional 898 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NSA shares. Morgan Stanley downgraded shares of National Storage Affiliates Trust from an "equal weight" rating to an "underweight" rating and set a $30.00 price target on the stock. in a research note on Tuesday, May 27th. Truist Financial set a $37.00 price objective on National Storage Affiliates Trust and gave the company a "hold" rating in a report on Monday, May 19th. BNP Paribas raised National Storage Affiliates Trust to a "strong sell" rating in a report on Tuesday, June 24th. Wall Street Zen downgraded shares of National Storage Affiliates Trust from a "hold" rating to a "sell" rating in a research note on Friday, June 27th. Finally, Mizuho assumed coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, April 9th. They issued a "neutral" rating and a $35.00 target price on the stock. Six research analysts have rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $38.38.

National Storage Affiliates Trust Company Profile

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.

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