Analysts Anticipate National Storage Affiliates Trust (NYSE:NSA) Will Announce Earnings of $0.38 Per Share
Brokerages expect that National Storage Affiliates Trust (NYSE:NSA) will report earnings of $0.38 per share for the current quarter, according to Zacks Investment Research. Three analysts have made 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 in the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The company is scheduled to report its next earnings results on Monday, August 5th.
According to Zacks, analysts expect that National Storage Affiliates Trust will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.50 to $1.54. For the next year, analysts expect that the firm will report earnings of $1.59 per share, with EPS estimates ranging from $1.55 to $1.64. Zacks Investment Research’s EPS calculations are a mean 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 data on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). The company had revenue of $90.57 million for the quarter, compared to analysts’ expectations of $93.25 million. National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS.
NSA has been the topic of several recent research reports. Zacks Investment Research raised shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, June 12th. ValuEngine downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. National Storage Affiliates Trust currently has an average rating of “Buy” and an average price target of $31.00.
NSA stock traded up $0.42 during trading on Thursday, reaching $28.34. 4,374 shares of the company were exchanged, compared to its average volume of 425,159. The stock has a market cap of $1.60 billion, a P/E ratio of 20.54, a P/E/G ratio of 3.71 and a beta of 0.42. National Storage Affiliates Trust has a 52-week low of $24.44 and a 52-week high of $32.28. The firm’s 50 day moving average is $29.76. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.17.
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders 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 4.52%. The ex-dividend date is Thursday, June 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. National Storage Affiliates Trust’s dividend payout ratio is 92.75%.
Several hedge funds and other institutional investors have recently made changes to their positions in NSA. Amundi Pioneer Asset Management Inc. lifted its stake in shares of National Storage Affiliates Trust by 10.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 85,306 shares of the real estate investment trust’s stock valued at $2,431,000 after buying an additional 8,230 shares during the period. First Trust Advisors LP lifted its stake in shares of National Storage Affiliates Trust by 625.5% during the first quarter. First Trust Advisors LP now owns 78,207 shares of the real estate investment trust’s stock valued at $2,230,000 after buying an additional 67,428 shares during the period. FMR LLC purchased a new position in shares of National Storage Affiliates Trust during the first quarter valued at approximately $32,000. Nordea Investment Management AB purchased a new position in shares of National Storage Affiliates Trust during the first quarter valued at approximately $4,473,000. Finally, Marshall Wace North America L.P. lifted its stake in shares of 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 buying an additional 335 shares during the period. 91.99% of the stock is currently owned by 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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