$0.35 EPS Expected for National Storage Affiliates Trust (NSA) This Quarter

Equities analysts forecast that National Storage Affiliates Trust (NYSE:NSA) will post earnings of $0.35 per share for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for National Storage Affiliates Trust’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.34. National Storage Affiliates Trust reported earnings of $0.32 per share during the same quarter last year, which would suggest a positive year over year growth rate of 9.4%. The firm is expected to issue its next earnings report on Monday, February 25th.

On average, analysts expect that National Storage Affiliates Trust will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.35 to $1.37. For the next fiscal year, analysts forecast that the business will report earnings of $1.48 per share, with EPS estimates ranging from $1.44 to $1.51. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Friday, November 2nd. The real estate investment trust reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.31). National Storage Affiliates Trust had a net margin of 5.37% and a return on equity of 1.48%. The business had revenue of $85.38 million during the quarter, compared to analyst estimates of $86.37 million. During the same quarter last year, the company posted $0.33 earnings per share. The company’s revenue was up 24.0% on a year-over-year basis.

Several equities analysts recently commented on NSA shares. Jefferies Financial Group upgraded shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $31.00 in a research note on Thursday, October 4th. Citigroup decreased their price target on shares of National Storage Affiliates Trust from $30.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday, October 5th. ValuEngine downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $29.00.

Shares of NSA stock traded down $0.13 on Monday, hitting $29.50. The company’s stock had a trading volume of 467,327 shares, compared to its average volume of 312,900. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.55. National Storage Affiliates Trust has a fifty-two week low of $23.10 and a fifty-two week high of $32.28. The company has a market capitalization of $1.68 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.73 and a beta of 0.36.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be given a dividend of $0.30 per share. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.20 annualized dividend and a yield of 4.07%. National Storage Affiliates Trust’s dividend payout ratio is currently 93.55%.

In other news, CEO Arlen Dale Nordhagen acquired 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 5th. The stock was acquired at an average price of $26.30 per share, with a total value of $526,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Tamara D. Fischer acquired 1,200 shares of the business’s stock in a transaction that occurred on Friday, November 30th. The shares were purchased at an average cost of $23.80 per share, with a total value of $28,560.00. The disclosure for this purchase can be found here. Insiders have purchased 31,200 shares of company stock valued at $822,560 in the last ninety days. 13.10% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of NSA. Principal Financial Group Inc. lifted its holdings in shares of National Storage Affiliates Trust by 3.8% in the first quarter. Principal Financial Group Inc. now owns 394,009 shares of the real estate investment trust’s stock worth $9,881,000 after acquiring an additional 14,514 shares during the last quarter. Amalgamated Bank bought a new position in shares of National Storage Affiliates Trust in the second quarter worth about $230,000. Dupont Capital Management Corp lifted its holdings in shares of National Storage Affiliates Trust by 8.6% in the second quarter. Dupont Capital Management Corp now owns 45,298 shares of the real estate investment trust’s stock worth $1,396,000 after acquiring an additional 3,568 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of National Storage Affiliates Trust by 43.1% in the second quarter. Wells Fargo & Company MN now owns 385,038 shares of the real estate investment trust’s stock worth $11,867,000 after acquiring an additional 115,958 shares during the last quarter. Finally, Wasatch Advisors Inc. lifted its holdings in shares of National Storage Affiliates Trust by 15.6% in the second quarter. Wasatch Advisors Inc. now owns 605,187 shares of the real estate investment trust’s stock worth $18,652,000 after acquiring an additional 81,852 shares during the last quarter. 92.54% of the stock is owned by hedge funds and other institutional investors.

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 669 self storage properties located in 34 states and Puerto Rico with approximately 42.5 million rentable square feet.

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