KeyCorp Comments on National Storage Affiliates Trust’s Q3 2019 Earnings (NYSE:NSA)
National Storage Affiliates Trust (NYSE:NSA) – KeyCorp raised their Q3 2019 earnings per share estimates for National Storage Affiliates Trust in a research report issued on Sunday, August 18th, Zacks Investment Research reports. KeyCorp analyst T. Thomas now forecasts that the real estate investment trust will post earnings of $0.40 per share for the quarter, up from their previous estimate of $0.39. KeyCorp also issued estimates for National Storage Affiliates Trust’s Q4 2019 earnings at $0.38 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.41 EPS and Q3 2020 earnings at $0.43 EPS.
Other analysts have also recently issued research reports about the company. Stifel Nicolaus assumed coverage on National Storage Affiliates Trust in a research report on Monday, August 19th. They issued a “buy” rating and a $36.00 price objective for the company. Zacks Investment Research cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, August 30th. ValuEngine cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. BMO Capital Markets set a $26.00 price objective on National Storage Affiliates Trust and gave the stock a “hold” rating in a research report on Friday, August 2nd. Finally, Wells Fargo & Co raised their price objective on National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $32.86.
National Storage Affiliates Trust stock opened at $34.14 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 4.37 and a beta of 0.32. National Storage Affiliates Trust has a 1-year low of $24.44 and a 1-year high of $34.80. The business has a fifty day moving average price of $31.67 and a 200-day moving average price of $29.66.
National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.57). The company had revenue of $95.42 million for the quarter, compared to the consensus estimate of $95.75 million. National Storage Affiliates Trust had a negative net margin of 1.41% and a negative return on equity of 0.41%. The firm’s revenue was up 19.7% compared to the same quarter last year. During the same period last year, the business posted $0.34 EPS.
A number of hedge funds have recently modified their holdings of NSA. Tompkins Financial Corp purchased a new position in National Storage Affiliates Trust in the 1st quarter worth $29,000. FMR LLC purchased a new position in shares of National Storage Affiliates Trust during the 1st quarter valued at about $32,000. Quantamental Technologies LLC purchased a new position in shares of National Storage Affiliates Trust during the 1st quarter valued at about $44,000. Advisory Alpha LLC purchased a new position in shares of National Storage Affiliates Trust during the 1st quarter valued at about $45,000. Finally, Marshall Wace North America L.P. raised its stake in shares of 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 valued at $54,000 after buying an additional 335 shares during the last quarter. Institutional investors own 89.27% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be paid a $0.32 dividend. The ex-dividend date is Thursday, September 12th. This represents a $1.28 dividend on an annualized basis and a yield of 3.75%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 92.75%.
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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