National Storage Affiliates Trust (NYSE:NSA) Expected to Earn Q2 2019 Earnings of $0.38 Per Share

National Storage Affiliates Trust (NYSE:NSA) – Analysts at Jefferies Financial Group lifted their Q2 2019 EPS estimates for shares of National Storage Affiliates Trust in a report issued on Monday, July 15th, Zacks Investment Research reports. Jefferies Financial Group analyst O. Okusanya now anticipates that the real estate investment trust will post earnings of $0.38 per share for the quarter, up from their previous forecast of $0.37. Jefferies Financial Group also issued estimates for National Storage Affiliates Trust’s Q1 2020 earnings at $0.39 EPS, Q3 2020 earnings at $0.40 EPS and Q2 2021 earnings at $0.40 EPS.

NSA has been the subject of a number of other research reports. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Zacks Investment Research cut shares of Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday, July 18th.

NYSE:NSA opened at $29.18 on Tuesday. The company has a market cap of $1.64 billion, a P/E ratio of 20.00, a PEG ratio of 3.71 and a beta of 0.35. National Storage Affiliates Trust has a 12 month low of $24.44 and a 12 month high of $30.49. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50 day moving average of $29.48.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $93.25 million. During the same period in the previous year, the firm posted $0.32 earnings per share. The business’s revenue was up 18.4% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently modified their holdings of NSA. Squarepoint Ops LLC grew its holdings in National Storage Affiliates Trust by 539.4% during the 4th quarter. Squarepoint Ops LLC now owns 65,927 shares of the real estate investment trust’s stock worth $1,744,000 after acquiring an additional 55,616 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of National Storage Affiliates Trust by 53.5% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 203,141 shares of the real estate investment trust’s stock valued at $5,375,000 after buying an additional 70,761 shares in the last quarter. BlackRock Inc. raised its position in National Storage Affiliates Trust by 2.0% in the 1st quarter. BlackRock Inc. now owns 10,656,928 shares of the real estate investment trust’s stock valued at $303,829,000 after purchasing an additional 206,357 shares during the last quarter. Millennium Management LLC raised its position in National Storage Affiliates Trust by 19.2% during the 4th quarter. Millennium Management LLC now owns 505,434 shares of the real estate investment trust’s stock worth $13,374,000 after buying an additional 81,264 shares during the last quarter. Finally, Amalgamated Bank purchased a new position in shares of National Storage Affiliates Trust in the 4th quarter valued at about $220,000. Institutional investors and hedge funds own 91.81% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend was Thursday, June 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. National Storage Affiliates Trust’s payout ratio is currently 92.75%.

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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