KeyCorp Comments on National Storage Affiliates Trust’s FY2020 Earnings (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) – Equities researchers at KeyCorp upped their FY2020 EPS estimates for National Storage Affiliates Trust in a report issued on Monday, June 10th, according to Zacks Investment Research. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings per share of $1.60 for the year, up from their prior estimate of $1.56.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.00.

NSA traded up $0.27 on Wednesday, hitting $29.34. 150,055 shares of the company were exchanged, compared to its average volume of 516,122. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.17. The business has a fifty day moving average price of $29.63. National Storage Affiliates Trust has a fifty-two week low of $24.44 and a fifty-two week high of $32.28. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 3.76 and a beta of 0.35.

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

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were given a dividend of $0.32 per share. The ex-dividend date was Thursday, June 13th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 4.36%. National Storage Affiliates Trust’s dividend payout ratio is 92.75%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tompkins Financial Corp bought a new position in National Storage Affiliates Trust during the first quarter worth $29,000. FMR LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth $32,000. Quantamental Technologies LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth $44,000. Advisory Alpha LLC acquired a new position in shares of National Storage Affiliates Trust in the first quarter worth $45,000. Finally, NumerixS Investment Technologies Inc grew its stake in shares of National Storage Affiliates Trust by 1,700.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,700 shares in the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

National Storage Affiliates Trust Company Profile

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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