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

National Storage Affiliates Trust (NYSE:NSA) declared a quarterly dividend on Thursday, February 12th. Stockholders of record on Friday, March 13th will be given a dividend of 0.57 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, March 13th.

National Storage Affiliates Trust has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. National Storage Affiliates Trust has a dividend payout ratio of 268.2% meaning 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 opened at $32.66 on Friday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 53.71 and a beta of 1.19. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 2.74. National Storage Affiliates Trust has a 1-year low of $27.43 and a 1-year high of $40.62. The stock’s 50-day moving average is $30.64 and its 200 day moving average is $30.59.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on NSA shares. Wolfe Research raised shares of National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a report on Monday, January 26th. Barclays set a $33.00 price objective on National Storage Affiliates Trust in a research note on Tuesday, January 13th. Zacks Research upgraded National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Mizuho raised their price target on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a report on Monday, January 12th. Finally, Morgan Stanley upgraded shares of National Storage Affiliates Trust from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $30.00 to $32.00 in a research report on Friday, December 5th. Ten investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, National Storage Affiliates Trust has a consensus rating of “Reduce” and a consensus target price of $32.30.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is a publicly traded real estate investment trust (REIT) focused on the ownership and operation of self-storage properties in the United States. Since its initial public offering in August 2015, NSA has pursued a growth strategy built on strategic acquisitions and partnerships, establishing a diversified portfolio of assets backed by a centralized support platform. The Trust’s model combines the scalability of a national REIT with the local expertise of affiliate operators.

The company’s core business involves providing flexible storage solutions to both individual and commercial customers.