National Storage Affiliates Trust (NYSE:NSA) Issues Earnings Results, Misses Estimates By $0.32 EPS

National Storage Affiliates Trust (NYSE:NSA) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.32), FiscalAI reports. The firm had revenue of $187.03 million for the quarter, compared to analysts’ expectations of $187.24 million. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%. National Storage Affiliates Trust updated its FY 2026 guidance to 2.130-2.250 EPS.

National Storage Affiliates Trust Stock Performance

NSA traded down $0.32 during midday trading on Wednesday, reaching $34.29. The company’s stock had a trading volume of 1,379,926 shares, compared to its average volume of 1,631,028. The company has a fifty day simple moving average of $31.44 and a 200 day simple moving average of $30.83. The stock has a market cap of $2.64 billion, a P/E ratio of 56.20 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 twelve month low of $27.43 and a twelve month high of $40.62.

National Storage Affiliates Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 13th will be paid a dividend of $0.57 per share. The ex-dividend date is Friday, March 13th. This represents a $2.28 annualized dividend and a yield of 6.7%. National Storage Affiliates Trust’s dividend payout ratio is presently 373.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NSA. Royal Bank of Canada lifted its holdings in shares of National Storage Affiliates Trust by 0.8% during the 1st quarter. Royal Bank of Canada now owns 110,289 shares of the real estate investment trust’s stock worth $4,345,000 after acquiring an additional 898 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of National Storage Affiliates Trust in the 1st quarter valued at $32,000. Jones Financial Companies Lllp grew its stake in National Storage Affiliates Trust by 207.3% during the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 821 shares during the last quarter. Goldman Sachs Group Inc. grew its position in National Storage Affiliates Trust by 42.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 92,309 shares of the real estate investment trust’s stock worth $3,637,000 after acquiring an additional 27,546 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of National Storage Affiliates Trust by 2.0% during the first quarter. Empowered Funds LLC now owns 61,409 shares of the real estate investment trust’s stock worth $2,420,000 after purchasing an additional 1,209 shares during the last quarter. 99.97% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NSA. Wolfe Research raised National Storage Affiliates Trust from an “underperform” rating to a “peer perform” rating in a research note on Monday, January 26th. Truist Financial increased their price target on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Zacks Research upgraded shares of National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 14th. Finally, Mizuho increased their target price on shares of National Storage Affiliates Trust from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Monday, January 12th. Ten analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, National Storage Affiliates Trust presently has a consensus rating of “Reduce” and an average price target of $32.30.

About National Storage Affiliates Trust

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.