National Storage Affiliates Trust (NSA) To Go Ex-Dividend on December 15th

by · The Cerbat Gem

National Storage Affiliates Trust (NYSE:NSA – Get Free Report) announced a quarterly dividend on Thursday, November 13th. Shareholders of record on Monday, December 15th will be paid a dividend of 0.57 per share by the real estate investment trust on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, December 15th.

National Storage Affiliates Trust has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. 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

NYSE NSA traded up $0.01 on Friday, hitting $29.76. 780,760 shares of the company’s stock were exchanged, compared to its average volume of 1,005,442. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 48.79 and a beta of 1.19. The firm’s 50-day moving average price is $30.10 and its two-hundred day moving average price is $31.18. National Storage Affiliates Trust has a fifty-two week low of $28.02 and a fifty-two week high of $41.76. The company has a debt-to-equity ratio of 2.74, a current ratio of 0.25 and a quick ratio of 0.25.

National Storage Affiliates Trust (NYSE:NSA – Get Free Report) last posted its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.56 by $0.01. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The business had revenue of $188.70 million during the quarter, compared to analysts’ expectations of $184.04 million. During the same period last year, the firm earned $0.62 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. National Storage Affiliates Trust has set its FY 2025 guidance at 2.170-2.230 EPS. On average, research analysts expect that National Storage Affiliates Trust will post 2.4 EPS for the current year.

Institutional Investors Weigh In On National Storage Affiliates Trust

Large investors have recently bought and sold shares of the stock. Long Pond Capital LP acquired a new position in shares of National Storage Affiliates Trust in the second quarter worth $79,936,000. Balyasny Asset Management L.P. increased its position in National Storage Affiliates Trust by 172.0% during the 2nd quarter. Balyasny Asset Management L.P. now owns 3,146,936 shares of the real estate investment trust’s stock worth $100,670,000 after purchasing an additional 1,989,965 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in National Storage Affiliates Trust by 723.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 1,067,548 shares of the real estate investment trust’s stock valued at $32,261,000 after purchasing an additional 937,939 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of National Storage Affiliates Trust by 159.2% during the 3rd quarter. Bank of America Corp DE now owns 1,163,764 shares of the real estate investment trust’s stock worth $35,169,000 after purchasing an additional 714,840 shares during the last quarter. Finally, Prudential Financial Inc. boosted 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 purchasing an additional 696,067 shares during the last quarter. Institutional investors and hedge funds own 99.97% of the company’s stock.

About National Storage Affiliates Trust

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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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