Q1 2022 EPS Estimates for National Storage Affiliates Trust Raised by Jefferies Financial Group (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSAGet Rating) – Equities research analysts at Jefferies Financial Group upped their Q1 2022 earnings per share estimates for shares of National Storage Affiliates Trust in a research report issued to clients and investors on Thursday, April 14th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will post earnings of $0.65 per share for the quarter, up from their previous forecast of $0.64. Jefferies Financial Group also issued estimates for National Storage Affiliates Trust’s Q2 2023 earnings at $0.69 EPS and Q3 2023 earnings at $0.72 EPS.

National Storage Affiliates Trust (NYSE:NSAGet Rating) last issued its earnings results on Monday, February 21st. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.10). The firm had revenue of $173.59 million for the quarter, compared to analyst estimates of $162.50 million. National Storage Affiliates Trust had a return on equity of 5.92% and a net margin of 17.97%. National Storage Affiliates Trust’s quarterly revenue was up 52.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 earnings per share.

Several other research firms also recently commented on NSA. Morgan Stanley upped their price objective on shares of National Storage Affiliates Trust from $57.00 to $60.00 and gave the company an “equal weight” rating in a report on Friday, February 25th. StockNews.com assumed coverage on shares of National Storage Affiliates Trust in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $60.78.

Shares of NSA opened at $63.17 on Friday. The company has a market cap of $5.78 billion, a price-to-earnings ratio of 66.50, a PEG ratio of 2.88 and a beta of 0.55. National Storage Affiliates Trust has a 1-year low of $41.10 and a 1-year high of $70.04. The company’s fifty day simple moving average is $61.03 and its 200 day simple moving average is $61.61. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 1.30.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in National Storage Affiliates Trust by 5.5% during the fourth quarter. BlackRock Inc. now owns 12,820,230 shares of the real estate investment trust’s stock worth $887,159,000 after purchasing an additional 666,653 shares during the period. State Street Corp lifted its position in National Storage Affiliates Trust by 7.9% during the fourth quarter. State Street Corp now owns 4,245,677 shares of the real estate investment trust’s stock worth $293,801,000 after purchasing an additional 310,112 shares during the period. Invesco Ltd. lifted its position in National Storage Affiliates Trust by 7.9% during the fourth quarter. Invesco Ltd. now owns 2,515,838 shares of the real estate investment trust’s stock worth $174,097,000 after purchasing an additional 183,949 shares during the period. Geode Capital Management LLC lifted its holdings in shares of National Storage Affiliates Trust by 26.8% in the third quarter. Geode Capital Management LLC now owns 2,307,156 shares of the real estate investment trust’s stock worth $121,794,000 after acquiring an additional 487,999 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of National Storage Affiliates Trust by 13.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,744,964 shares of the real estate investment trust’s stock worth $120,752,000 after acquiring an additional 200,891 shares during the last quarter. 84.93% of the stock is owned by institutional investors and hedge funds.

In related news, Chairman Arlen Dale Nordhagen sold 170,000 shares of the company’s stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $60.71, for a total value of $10,320,700.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 12.20% of the company’s stock.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 14th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.17%. National Storage Affiliates Trust’s dividend payout ratio is 210.53%.

National Storage Affiliates Trust Company Profile (Get Rating)

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. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.

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Earnings History and Estimates for National Storage Affiliates Trust (NYSE:NSA)

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