Zacks: Analysts Anticipate National Storage Affiliates Trust (NYSE:NSA) to Post $0.38 EPS

Equities research analysts expect National Storage Affiliates Trust (NYSE:NSA) to report earnings of $0.38 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for National Storage Affiliates Trust’s earnings, with estimates ranging from $0.32 to $0.42. National Storage Affiliates Trust also posted earnings per share of $0.38 during the same quarter last year. The business is expected to announce its next quarterly earnings results on Thursday, August 6th.

According to Zacks, analysts expect that National Storage Affiliates Trust will report full-year earnings of $1.59 per share for the current financial year, with EPS estimates ranging from $1.48 to $1.68. For the next year, analysts expect that the business will report earnings of $1.64 per share, with EPS estimates ranging from $1.46 to $1.80. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Monday, May 11th. The real estate investment trust reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.33). National Storage Affiliates Trust had a net margin of 0.80% and a return on equity of 0.29%. The firm had revenue of $104.20 million during the quarter, compared to analyst estimates of $101.65 million. During the same period in the prior year, the firm earned $0.37 earnings per share. The business’s revenue was up 15.0% compared to the same quarter last year.

Several equities analysts have recently issued reports on the company. Robert W. Baird cut National Storage Affiliates Trust from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $30.00 in a research note on Tuesday, April 14th. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 21st. Stifel Nicolaus dropped their price objective on shares of National Storage Affiliates Trust from $41.00 to $26.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Morgan Stanley reduced their price objective on shares of National Storage Affiliates Trust from $32.00 to $24.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 28th. Finally, TheStreet upgraded shares of National Storage Affiliates Trust from a “d+” rating to a “c-” rating in a research note on Friday, June 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $29.56.

NSA traded up $0.09 on Friday, hitting $30.05. 276,316 shares of the company were exchanged, compared to its average volume of 475,102. The firm has a 50-day moving average price of $28.91 and a two-hundred day moving average price of $31.19. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 1.51. National Storage Affiliates Trust has a twelve month low of $19.34 and a twelve month high of $38.22. The company has a market cap of $2.04 billion, a price-to-earnings ratio of -150.24 and a beta of 0.29.

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, June 12th. This represents a $1.32 annualized dividend and a yield of 4.39%. National Storage Affiliates Trust’s dividend payout ratio is currently 85.71%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FMR LLC increased its position in National Storage Affiliates Trust by 137.8% during the fourth quarter. FMR LLC now owns 830 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 481 shares during the period. Global Retirement Partners LLC acquired a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at $41,000. USA Financial Portformulas Corp acquired a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at $42,000. Tower Research Capital LLC TRC boosted its stake in National Storage Affiliates Trust by 844.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,511 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,351 shares during the period. Finally, Marshall Wace North America L.P. grew its position in National Storage Affiliates Trust by 21.6% during the 1st quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 335 shares during the last quarter. Institutional investors own 81.83% of the company’s stock.

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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Earnings History and Estimates for National Storage Affiliates Trust (NYSE:NSA)

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