National Storage Affiliates Trust (NYSE:NSA) Plans $0.57 Quarterly Dividend

Key Points

• National Storage Affiliates Trust has declared a quarterly dividend of $0.57 per share, with shareholders of record on September 15 set to receive payment on September 30, representing an annualized dividend yield of 7.5%.
• The company has a high dividend payout ratio of 268.2%, indicating it is currently relying on its balance sheet rather than earnings to cover its dividend payments, but is expected to cover its annual dividend with an expected future payout ratio of 95.0%.
• Following its latest earnings report, where it posted $0.55 EPS, missing estimates, analysts have issued mixed ratings with a consensus rating of "Hold" and a target price averaging $37.54.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) declared a quarterly dividend on Friday, August 15th, Wall Street Journal reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.57 per share by the real estate investment trust on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, September 15th.

National Storage Affiliates Trust has a payout ratio of 268.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect National Storage Affiliates Trust to earn $2.40 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 95.0%.

National Storage Affiliates Trust Stock Performance

Shares of NYSE:NSA traded up $0.1780 during trading on Wednesday, hitting $31.3280. The stock had a trading volume of 1,009,918 shares, compared to its average volume of 1,087,533. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 2.62. National Storage Affiliates Trust has a 12-month low of $28.02 and a 12-month high of $49.44. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 50.53 and a beta of 1.10. The stock has a 50-day simple moving average of $31.57 and a two-hundred day simple moving average of $34.81.

National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.58 by ($0.03). National Storage Affiliates Trust had a net margin of 8.92% and a return on equity of 4.91%. The firm had revenue of $188.84 million during the quarter, compared to analysts' expectations of $185.91 million. During the same quarter in the prior year, the company earned $0.21 EPS. National Storage Affiliates Trust's quarterly revenue was down .8% on a year-over-year basis. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, equities research analysts expect that National Storage Affiliates Trust will post 2.4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On National Storage Affiliates Trust

A number of institutional investors have recently modified their holdings of the business. Long Pond Capital LP acquired a new position in National Storage Affiliates Trust in the 2nd quarter worth about $79,936,000. Balyasny Asset Management L.P. increased its position in shares of National Storage Affiliates Trust by 172.0% in the second quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust's stock valued at $100,670,000 after buying an additional 1,989,965 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of National Storage Affiliates Trust by 50.0% during the 2nd quarter. Prudential Financial Inc. now owns 2,089,543 shares of the real estate investment trust's stock worth $66,844,000 after buying an additional 696,067 shares during the period. Norges Bank acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $21,991,000. Finally, Nuveen LLC purchased a new position in shares of National Storage Affiliates Trust during the 1st quarter valued at approximately $23,134,000. 99.97% of the stock is currently owned by institutional investors and hedge funds.

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.