$100.57 Million in Sales Expected for National Storage Affiliates Trust (NYSE:NSA) This Quarter

Brokerages expect that National Storage Affiliates Trust (NYSE:NSA) will post $100.57 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for National Storage Affiliates Trust’s earnings, with estimates ranging from $99.30 million to $101.80 million. National Storage Affiliates Trust reported sales of $89.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.6%. The company is expected to announce its next earnings report on Monday, February 24th.

According to Zacks, analysts expect that National Storage Affiliates Trust will report full-year sales of $387.80 million for the current financial year, with estimates ranging from $386.70 million to $389.20 million. For the next year, analysts forecast that the company will post sales of $421.39 million, with estimates ranging from $406.05 million to $439.60 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.59). The firm had revenue of $101.34 million during the quarter, compared to analysts’ expectations of $100.49 million. National Storage Affiliates Trust had a negative return on equity of 1.45% and a negative net margin of 4.87%. The business’s revenue for the quarter was up 18.7% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share.

NSA has been the subject of a number of analyst reports. Morgan Stanley increased their price objective on shares of National Storage Affiliates Trust from $27.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, September 16th. Zacks Investment Research cut shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, December 3rd. Wells Fargo & Co reissued a “buy” rating on shares of National Storage Affiliates Trust in a research note on Monday, December 9th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $26.00 price objective on shares of National Storage Affiliates Trust in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $33.83.

Shares of NYSE NSA traded up $0.81 during midday trading on Friday, reaching $34.18. The stock had a trading volume of 390,790 shares, compared to its average volume of 440,883. The stock has a 50-day moving average of $33.12 and a 200-day moving average of $32.34. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of 24.77, a price-to-earnings-growth ratio of 4.03 and a beta of 0.29. National Storage Affiliates Trust has a 12-month low of $25.11 and a 12-month high of $35.76.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.33 dividend. The ex-dividend date was Thursday, December 12th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.86%. National Storage Affiliates Trust’s dividend payout ratio is 95.65%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cutler Group LP purchased a new position in National Storage Affiliates Trust during the third quarter valued at $26,000. FMR LLC purchased a new position in National Storage Affiliates Trust during the first quarter valued at $32,000. Marshall Wace North America L.P. grew its stake in National Storage Affiliates Trust by 21.6% during the first quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 335 shares in the last quarter. Pearl River Capital LLC grew its stake in National Storage Affiliates Trust by 337.4% during the second quarter. Pearl River Capital LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 2,038 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in National Storage Affiliates Trust by 35.2% during the second quarter. Russell Investments Group Ltd. now owns 5,157 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 1,344 shares in the last quarter. 92.95% 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 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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