Shares of National Storage Affiliates Trust (NYSE: NSA) have garnered a consensus recommendation of “Reduce” from the thirteen brokerages currently monitoring the company, according to Marketbeat Ratings. Among these, four analysts have rated the stock as a sell, while nine have issued a hold rating. The average 1-year price target across these brokerages stands at approximately $32.50.
Several financial institutions have recently provided updates on National Storage Affiliates Trust. On December 5, 2023, National Bankshares established a target price of $32.00 for the stock. Subsequently, on December 12, Truist Financial raised its price target from $30.00 to $33.00 while maintaining a hold rating. Barclays also set a price objective of $33.00 earlier this week. In contrast, UBS Group lowered its price target from $30.00 to $29.00 and assigned a neutral rating. Additionally, Zacks Research upgraded the stock from a “strong sell” to a “hold” rating on December 8, 2023.
Current Stock Performance and Financials
As of December 15, 2023, National Storage Affiliates Trust opened at $33.00 per share. The company boasts a market capitalization of $2.54 billion, with a price-to-earnings (P/E) ratio of 54.10 and a beta of 1.18. Its financial metrics reveal a debt-to-equity ratio of 2.74, alongside both a quick and current ratio of 0.25. Over the past year, the stock has experienced a low of $27.43 and a high of $40.62. The 50-day and 200-day simple moving averages stand at $29.53 and $30.50, respectively.
The Trust recently reported its earnings results on November 3, 2023. The real estate investment trust (REIT) announced earnings of $0.57 per share for the quarter, surpassing consensus estimates of $0.56 by a margin of $0.01. The firm recorded a net margin of 8.94% and a return on equity of 5.09%. Revenue reached $188.70 million, exceeding expectations of $184.04 million. Compared to the same period last year, revenue declined by 2.6%. For the fiscal year 2025, the Trust has guided earnings per share (EPS) between $2.170 and $2.230. Analysts forecast an average EPS of $2.40 for the current year.
Dividend Announcement and Company Profile
Recently, National Storage Affiliates Trust declared a quarterly dividend of $0.57 per share, which was paid on December 31, 2023. The dividend, which annualizes to $2.28, provides a yield of 6.9%. The ex-dividend date was set for December 15, 2023. Currently, the company’s dividend payout ratio stands at an elevated 373.77%.
National Storage Affiliates Trust is a publicly traded REIT focused on owning and operating self-storage properties across the United States. Since its initial public offering in August 2015, the Trust has pursued a growth strategy centered on strategic acquisitions and partnerships. This approach has allowed it to build a diversified portfolio of assets backed by a centralized support platform. The company combines the scalability of a national REIT with local expertise from affiliate operators, providing flexible storage solutions for both individual and commercial customers.
