National Storage Affiliates Trust (NYSE:NSA) declared a quarterly dividend on Friday, May 24th, Wall Street Journal reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.32 per share by the real estate investment trust on Friday, June 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend is Thursday, June 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.30.
National Storage Affiliates Trust has raised its dividend payment by an average of 29.0% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. National Storage Affiliates Trust has a payout ratio of 94.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect National Storage Affiliates Trust to earn $1.59 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 80.5%.
Shares of NYSE:NSA traded up $0.14 during trading on Wednesday, reaching $29.76. 15,096 shares of the company were exchanged, compared to its average volume of 334,558. The firm has a market cap of $1.69 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 3.89 and a beta of 0.41. National Storage Affiliates Trust has a 12-month low of $24.44 and a 12-month high of $32.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.52 and a current ratio of 0.52.
National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.28). The company had revenue of $90.57 million for the quarter, compared to analysts’ expectations of $93.25 million. National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The business’s revenue was up 18.4% compared to the same quarter last year. During the same period last year, the business posted $0.32 earnings per share. Equities research analysts predict that National Storage Affiliates Trust will post 1.51 EPS for the current fiscal year.
A number of brokerages have recently commented on NSA. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. ValuEngine lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. National Storage Affiliates Trust has a consensus rating of “Hold” and a consensus target price of $30.33.
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National Storage Affiliates Trust Company Profile
National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.
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