National Storage Affiliates Trust (NYSE:NSA) Expected to Announce Quarterly Sales of $94.58 Million

Wall Street analysts expect that National Storage Affiliates Trust (NYSE:NSA) will announce $94.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for National Storage Affiliates Trust’s earnings. The highest sales estimate is $96.84 million and the lowest is $91.59 million. National Storage Affiliates Trust reported sales of $79.72 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The firm is scheduled to report its next quarterly earnings report after the market closes on Thursday, August 1st.

On average, analysts expect that National Storage Affiliates Trust will report full-year sales of $382.73 million for the current fiscal year, with estimates ranging from $363.78 million to $409.00 million. For the next financial year, analysts forecast that the business will post sales of $422.27 million, with estimates ranging from $371.50 million to $501.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last posted 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). The company had revenue of $90.57 million during 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%. National Storage Affiliates Trust’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share.

NSA has been the topic of a number of research reports. Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

NYSE NSA opened at $29.02 on Monday. The stock has a 50 day moving average of $29.55. 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 stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 3.74 and a beta of 0.35. National Storage Affiliates Trust has a 52-week low of $24.44 and a 52-week high of $30.49.

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.32 dividend. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 4.41%. The ex-dividend date was Thursday, June 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 92.75%.

A number of hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. bought a new position in National Storage Affiliates Trust in the second quarter worth $3,288,000. Navellier & Associates Inc lifted its holdings in shares of National Storage Affiliates Trust by 3.2% during the second quarter. Navellier & Associates Inc now owns 35,943 shares of the real estate investment trust’s stock valued at $1,040,000 after acquiring an additional 1,123 shares during the period. Moseley Investment Management Inc. lifted its holdings in shares of National Storage Affiliates Trust by 5.7% during the second quarter. Moseley Investment Management Inc. now owns 39,997 shares of the real estate investment trust’s stock valued at $1,158,000 after acquiring an additional 2,139 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of National Storage Affiliates Trust by 1.8% during the second quarter. Oregon Public Employees Retirement Fund now owns 22,309 shares of the real estate investment trust’s stock valued at $646,000 after acquiring an additional 400 shares during the period. Finally, Nisa Investment Advisors LLC lifted its holdings in shares of National Storage Affiliates Trust by 89.3% during the second quarter. Nisa Investment Advisors LLC now owns 7,856 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 3,706 shares during the period. 91.80% of the stock is owned by hedge funds and other institutional investors.

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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