Shares of National Storage Affiliates Trust (NYSE:NSA) received a consensus recommendation of “Reduce” from the thirteen brokerages currently covering the company, as reported by Marketbeat Ratings. This outlook includes four analysts issuing sell ratings and nine assigning a hold rating. The average price target among these brokerages stands at $32.50 for the next year.
Several analysts recently updated their assessments of NSA. On December 5, National Bankshares set a target price of $32.00. Following that, on December 12, Truist Financial raised its target from $30.00 to $33.00 while maintaining a hold rating. In addition, Barclays set a price objective of $33.00 on January 13, 2024. Conversely, UBS Group reduced its price objective from $30.00 to $29.00 and issued a neutral rating on January 8. Zacks Research upgraded its rating from a strong sell to hold on December 8.
Stock Performance and Financial Highlights
On the trading day prior to this report, shares of National Storage Affiliates Trust opened at $33.00. The company boasts a market capitalization of $2.54 billion, with a price-to-earnings (PE) ratio of 54.10 and a beta of 1.18. Financial metrics reveal a debt-to-equity ratio of 2.74, alongside both a quick ratio and current ratio of 0.25. Over the past year, shares have fluctuated between a low of $27.43 and a high of $40.62. The company’s 50-day and 200-day simple moving averages are approximately $29.53 and $30.50 respectively.
The firm disclosed its earnings results on November 3, 2023, reporting earnings per share (EPS) of $0.57, surpassing analyst expectations of $0.56 by $0.01. The company achieved a net margin of 8.94% and a return on equity of 5.09%. Revenue for the quarter reached $188.70 million, exceeding the consensus estimate of $184.04 million. This figure reflects a decline of 2.6% compared to the same period last year. For the fiscal year 2025, the company has projected EPS guidance between $2.170 and $2.230. Analysts predict that National Storage Affiliates Trust will record an EPS of $2.40 for the current year.
Dividend Announcement
Recently, National Storage Affiliates Trust declared a quarterly dividend of $0.57 per share, which was paid on December 31, 2023. This dividend signifies an annualized payout of $2.28 and yields approximately 6.9%. The record date for this dividend was December 15, 2023, with an ex-dividend date also set for December 15. The company’s current dividend payout ratio is notably high at 373.77%.
National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focusing on the ownership and management of self-storage properties across the United States. Since its initial public offering in August 2015, the Trust has implemented a growth strategy emphasizing strategic acquisitions and partnerships, establishing a diversified asset portfolio supported by a centralized operational platform. This model integrates the scalability of a national REIT with the localized expertise of its affiliate operators, catering to both individual and commercial storage needs.
