National Storage Affiliates Trust Declares Quarterly Dividend of $0.26 (NSA)
National Storage Affiliates Trust (NYSE:NSA) announced a quarterly dividend on Friday, August 25th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.26 per share by the real estate investment trust on Friday, September 29th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, September 14th.
National Storage Affiliates Trust has a dividend payout ratio of 82.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect National Storage Affiliates Trust to earn $0.10 per share next year, which means the company may not be able to cover its $1.04 annual dividend with an expected future payout ratio of 1,040.0%.
Shares of National Storage Affiliates Trust (NYSE NSA) traded down 1.39% during midday trading on Friday, hitting $22.07. The company had a trading volume of 165,195 shares. The company has a 50-day moving average of $22.21 and a 200-day moving average of $23.42. The company has a market capitalization of $975.98 million, a PE ratio of 84.56 and a beta of 0.74. National Storage Affiliates Trust has a 12 month low of $18.81 and a 12 month high of $26.15.
Several brokerages have recently issued reports on NSA. BidaskClub raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research note on Friday. KeyCorp reissued a “hold” rating on shares of National Storage Affiliates Trust in a research note on Friday. Jefferies Group LLC lowered their price objective on shares of National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a research note on Friday, August 18th. Zacks Investment Research cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, FBR & Co reissued a “hold” rating and set a $23.00 price objective on shares of National Storage Affiliates Trust in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $25.00.
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In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of National Storage Affiliates Trust stock in a transaction on Monday, August 7th. The shares were sold at an average price of $22.06, for a total transaction of $661,800.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 17.70% of the company’s stock.
National Storage Affiliates Trust Company Profile
National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s operating partnership subsidiary is NSA OP, LP.
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