$0.38 EPS Expected for National Storage Affiliates Trust (NYSE:NSA) This Quarter

Analysts expect that National Storage Affiliates Trust (NYSE:NSA) will announce earnings per share of $0.38 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for National Storage Affiliates Trust’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.37. National Storage Affiliates Trust posted earnings per share of $0.34 during the same quarter last year, which would suggest a positive year over year growth rate of 11.8%. The firm is scheduled to report its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that National Storage Affiliates Trust will report full year earnings of $1.52 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.54. For the next fiscal year, analysts expect that the company will report earnings of $1.59 per share, with EPS estimates ranging from $1.55 to $1.64. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.28). National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The firm had revenue of $90.57 million for the quarter, compared to analyst estimates of $93.25 million. During the same period in the prior year, the firm posted $0.32 EPS. The business’s revenue was up 18.4% compared to the same quarter last year.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, February 13th. ValuEngine cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. National Storage Affiliates Trust has an average rating of “Hold” and an average price target of $30.17.

NSA traded up $0.08 on Tuesday, reaching $30.06. 517,509 shares of the stock were exchanged, compared to its average volume of 322,693. National Storage Affiliates Trust has a fifty-two week low of $24.44 and a fifty-two week high of $32.28. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a market cap of $1.71 billion, a P/E ratio of 21.78, a P/E/G ratio of 3.89 and a beta of 0.42.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Thursday, June 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. National Storage Affiliates Trust’s payout ratio is 86.96%.

Hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC lifted its holdings in shares of National Storage Affiliates Trust by 539.4% in the 4th quarter. Squarepoint Ops LLC now owns 65,927 shares of the real estate investment trust’s stock valued at $1,744,000 after buying an additional 55,616 shares during the period. Comerica Bank lifted its holdings in shares of National Storage Affiliates Trust by 1.1% in the 4th quarter. Comerica Bank now owns 55,233 shares of the real estate investment trust’s stock valued at $1,558,000 after buying an additional 619 shares during the period. Virginia Retirement Systems ET AL raised its holdings in National Storage Affiliates Trust by 46.0% in the 4th quarter. Virginia Retirement Systems ET AL now owns 255,600 shares of the real estate investment trust’s stock worth $6,763,000 after purchasing an additional 80,500 shares during the period. Anchor Capital Advisors LLC raised its holdings in National Storage Affiliates Trust by 564.8% in the 4th quarter. Anchor Capital Advisors LLC now owns 110,220 shares of the real estate investment trust’s stock worth $2,916,000 after purchasing an additional 93,640 shares during the period. Finally, D. E. Shaw & Co. Inc. raised its holdings in National Storage Affiliates Trust by 53.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,141 shares of the real estate investment trust’s stock worth $5,375,000 after purchasing an additional 70,761 shares during the period. 92.20% of the stock is owned by institutional investors and hedge funds.

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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