Shares of National Storage Affiliates Trust (NYSE:NSA) have received a consensus recommendation of “Reduce” from analysts at thirteen brokerages currently covering the company, according to Marketbeat Ratings. This sentiment reflects a cautious outlook, with four analysts assigning a sell rating and nine issuing a hold rating on the stock. The average one-year price target among these brokerages is set at $32.50, suggesting limited growth potential in the near term.
Analysts have recently published various reports regarding the stock’s prospects. For instance, National Bankshares established a target price of $32.00 in a report released on December 5, 2023. Following this, Truist Financial raised its price target from $30.00 to $33.00 while maintaining a “hold” rating. Similarly, Barclays set a price objective of $33.00 in a report dated January 13, 2024. In contrast, UBS Group lowered its target from $30.00 to $29.00 and assigned a “neutral” rating on January 8, 2024. Additionally, Zacks Research upgraded the stock from a “strong sell” to a “hold” rating on December 8, 2023.
Current Market Performance and Financial Overview
On the trading front, National Storage Affiliates Trust opened at $33.00 on Friday. The company boasts a market capitalization of $2.54 billion, a price-to-earnings (PE) ratio of 54.10, and a beta of 1.18. Its financial metrics reveal a debt-to-equity ratio of 2.74, alongside quick and current ratios both at 0.25. Over the past year, the stock has fluctuated between a low of $27.43 and a high of $40.62. As for moving averages, the 50-day average stands at $29.53, while the 200-day average is at $30.50.
In its most recent earnings report, released on November 3, 2023, the real estate investment trust (REIT) announced earnings per share (EPS) of $0.57, slightly above analysts’ expectations of $0.56. The company reported a net margin of 8.94% and a return on equity of 5.09%, with revenues totaling $188.70 million—surpassing the consensus estimate of $184.04 million. Compared to the same quarter last year, revenue decreased by 2.6%. For fiscal year 2025, the company has projected an EPS between $2.170 and $2.230. Analysts currently anticipate 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, paid on December 31, 2023. This dividend reflects an annualized yield of 6.9%, with an ex-dividend date of December 15, 2023. The company’s dividend payout ratio currently stands at a high 373.77%, indicating a significant return to shareholders despite recent financial challenges.
Founded in August 2015, National Storage Affiliates Trust focuses on owning and operating self-storage properties throughout the United States. The Trust has pursued a growth strategy centered on strategic acquisitions and partnerships, establishing a diverse portfolio supported by a centralized operational platform. This model enables the company to combine the national reach of a REIT with the localized expertise of its affiliate operators, catering to both individual and commercial customers seeking flexible storage solutions.
