National Storage Affiliates Trust (NYSE:NSA) announced a quarterly dividend on Thursday, August 22nd, Zacks reports. Shareholders of record on Friday, September 13th will be given a dividend of 0.32 per share by the real estate investment trust on Monday, September 30th. This represents a $1.28 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Thursday, September 12th.
National Storage Affiliates Trust has raised its dividend payment by an average of 29.0% per year over the last three years and has increased its dividend every year for the last 3 years. National Storage Affiliates Trust has a dividend payout ratio of 94.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect National Storage Affiliates Trust to earn $1.62 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 79.0%.
Shares of NYSE NSA traded down $0.75 during mid-day trading on Tuesday, reaching $32.54. The company’s stock had a trading volume of 14,442 shares, compared to its average volume of 334,189. The stock has a fifty day moving average of $32.03 and a two-hundred day moving average of $29.77. The firm has a market capitalization of $2.01 billion, a PE ratio of 23.59, a P/E/G ratio of 4.34 and a beta of 0.32. National Storage Affiliates Trust has a 52 week low of $24.44 and a 52 week high of $34.80. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.37 and a quick ratio of 0.37.
A number of research analysts have weighed in on NSA shares. Zacks Investment Research cut shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. BMO Capital Markets set a $26.00 target price on National Storage Affiliates Trust and gave the stock a “hold” rating in a research report on Friday, August 2nd. Robert W. Baird set a $37.00 price target on shares of National Storage Affiliates Trust and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Finally, Wells Fargo & Co raised their price objective on shares of National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $32.86.
About National Storage Affiliates Trust
National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.
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