National Storage Affiliates Trust (NYSE:NSA - Get Free Report) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect National Storage Affiliates Trust to post earnings of $0.60 per share for the quarter. National Storage Affiliates Trust has set its FY24 guidance at $2.36-2.44 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.
National Storage Affiliates Trust (NYSE:NSA - Get Free Report) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.63 by ($0.47). National Storage Affiliates Trust had a net margin of 21.23% and a return on equity of 10.43%. The business had revenue of $190.50 million for the quarter, compared to the consensus estimate of $186.37 million. During the same quarter last year, the firm earned $0.68 EPS. The company's revenue for the quarter was down 11.6% on a year-over-year basis. On average, analysts expect National Storage Affiliates Trust to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of NSA opened at $42.97 on Wednesday. The stock has a 50 day simple moving average of $45.94 and a 200 day simple moving average of $41.73. National Storage Affiliates Trust has a 52-week low of $27.86 and a 52-week high of $49.44. The company has a debt-to-equity ratio of 2.28, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market capitalization of $3.22 billion, a PE ratio of 22.50 and a beta of 0.98.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were given a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a dividend yield of 5.21%. The ex-dividend date was Friday, September 13th. National Storage Affiliates Trust's dividend payout ratio is 117.28%.
Several research firms recently commented on NSA. Barclays boosted their price objective on shares of National Storage Affiliates Trust from $38.00 to $45.00 and gave the company an "equal weight" rating in a research report on Thursday, August 22nd. Truist Financial upped their price objective on National Storage Affiliates Trust from $38.00 to $41.00 and gave the stock a "hold" rating in a research report on Friday, August 16th. KeyCorp lowered National Storage Affiliates Trust from an "overweight" rating to a "sector weight" rating in a research report on Monday, September 9th. Citigroup upped their price target on National Storage Affiliates Trust from $36.00 to $44.50 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Finally, Evercore ISI lifted their price objective on shares of National Storage Affiliates Trust from $40.00 to $41.00 and gave the company an "underperform" rating in a report on Monday, September 16th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, National Storage Affiliates Trust currently has a consensus rating of "Hold" and a consensus target price of $42.72.
Read Our Latest Report on National Storage Affiliates Trust
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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