National Storage Affiliates Trust (NYSE:NSA) Issues Quarterly Earnings Results

National Storage Affiliates Trust (NYSE:NSA) released its earnings results on Wednesday. The real estate investment trust reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02, Zacks reports. National Storage Affiliates Trust had a return on equity of 5.09% and a net margin of 8.94%.The company had revenue of $187.03 million during the quarter, compared to the consensus estimate of $187.24 million. During the same quarter in the previous year, the company posted $0.60 EPS. National Storage Affiliates Trust’s quarterly revenue was down 1.6% compared to the same quarter last year. National Storage Affiliates Trust updated its FY 2026 guidance to 2.130-2.250 EPS.

National Storage Affiliates Trust Stock Down 0.9%

Shares of NYSE:NSA traded down $0.32 on Wednesday, hitting $34.29. 1,379,980 shares of the company traded hands, compared to its average volume of 1,646,829. The stock has a 50 day simple moving average of $31.55 and a 200-day simple moving average of $30.85. The company has a market cap of $2.64 billion, a PE ratio of 56.20 and a beta of 1.19. National Storage Affiliates Trust has a 52 week low of $27.43 and a 52 week high of $40.62. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 2.74.

National Storage Affiliates Trust Dividend Announcement

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

Hedge Funds Weigh In On National Storage Affiliates Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. UMB Bank n.a. boosted its stake in shares of National Storage Affiliates Trust by 650.0% during the 4th quarter. UMB Bank n.a. now owns 1,125 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 975 shares during the period. Advisors Asset Management Inc. purchased a new stake in National Storage Affiliates Trust in the 1st quarter worth approximately $32,000. Parallel Advisors LLC raised its position in shares of National Storage Affiliates Trust by 42.5% in the third quarter. Parallel Advisors LLC now owns 1,421 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 424 shares during the last quarter. Jones Financial Companies Lllp grew its position in National Storage Affiliates Trust by 207.3% in the first quarter. Jones Financial Companies Lllp now owns 1,217 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 821 shares during the period. Finally, Global Retirement Partners LLC grew its stake in shares of National Storage Affiliates Trust by 247.5% in the fourth quarter. Global Retirement Partners LLC now owns 1,828 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,302 shares in the last quarter. 99.97% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NSA has been the topic of several analyst reports. Wall Street Zen raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 14th. Zacks Research raised National Storage Affiliates Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Mizuho increased their price objective on National Storage Affiliates Trust from $30.00 to $32.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. KeyCorp reaffirmed a “sector weight” rating on shares of National Storage Affiliates Trust in a research note on Tuesday, November 4th. Finally, Truist Financial upped their price target on shares of National Storage Affiliates Trust from $30.00 to $33.00 and gave the company a “hold” rating in a report on Tuesday, January 20th. Ten equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, National Storage Affiliates Trust has a consensus rating of “Reduce” and an average price target 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.