National Storage Affiliates Trust Plans Quarterly Dividend of $0.57 (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) declared a quarterly dividend on Thursday, May 14th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.57 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Monday, June 15th.

National Storage Affiliates Trust has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. National Storage Affiliates Trust has a dividend payout ratio of 268.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect National Storage Affiliates Trust to earn $2.28 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 100.0%.

National Storage Affiliates Trust Price Performance

NYSE NSA traded down $1.55 during trading on Friday, reaching $40.98. The company’s stock had a trading volume of 434,954 shares, compared to its average volume of 1,715,752. The firm has a fifty day moving average of $39.57 and a 200 day moving average of $33.92. National Storage Affiliates Trust has a one year low of $27.43 and a one year high of $44.01. The company has a debt-to-equity ratio of 3.02, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $3.16 billion, a PE ratio of 54.64 and a beta of 1.07.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.38). National Storage Affiliates Trust had a return on equity of 6.46% and a net margin of 10.48%.The firm had revenue of $185.40 million during the quarter, compared to analysts’ expectations of $181.69 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. National Storage Affiliates Trust’s revenue for the quarter was down 1.6% compared to the same quarter last year. Analysts expect that National Storage Affiliates Trust will post 2.21 EPS for the current fiscal year.

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.