Analysts Anticipate National Storage Affiliates Trust (NYSE:NSA) Will Post Earnings of $0.67 Per Share

Equities analysts expect National Storage Affiliates Trust (NYSE:NSAGet Rating) to report $0.67 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for National Storage Affiliates Trust’s earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.69. National Storage Affiliates Trust reported earnings of $0.49 per share during the same quarter last year, which would indicate a positive year over year growth rate of 36.7%. The business is expected to issue its next earnings report after the market closes on Monday, January 1st.

On average, analysts expect that National Storage Affiliates Trust will report full year earnings of $2.77 per share for the current fiscal year, with EPS estimates ranging from $2.73 to $2.84. For the next year, analysts expect that the firm will post earnings of $2.91 per share, with EPS estimates ranging from $2.79 to $3.12. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow National Storage Affiliates Trust.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.10). The firm had revenue of $173.59 million during the quarter, compared to the consensus estimate of $162.50 million. National Storage Affiliates Trust had a return on equity of 5.92% and a net margin of 17.97%. The company’s revenue for the quarter was up 52.1% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share.

A number of brokerages have recently issued reports on NSA. Morgan Stanley upped their price target on National Storage Affiliates Trust from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Friday, February 25th. StockNews.com initiated coverage on shares of National Storage Affiliates Trust in a report on Thursday, March 31st. They issued a “hold” rating for the company. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $60.78.

In other National Storage Affiliates Trust news, Chairman Arlen Dale Nordhagen sold 170,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $60.71, for a total transaction of $10,320,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 11.80% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the company. Ahrens Investment Partners LLC purchased a new position in shares of National Storage Affiliates Trust in the first quarter valued at $42,000. PNC Financial Services Group Inc. boosted its stake in National Storage Affiliates Trust by 23.1% during the 3rd quarter. PNC Financial Services Group Inc. now owns 841 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 158 shares during the last quarter. HM Payson & Co. bought a new position in National Storage Affiliates Trust during the 4th quarter valued at $68,000. Point72 Asset Management L.P. bought a new position in National Storage Affiliates Trust during the 4th quarter valued at $69,000. Finally, Covestor Ltd bought a new position in National Storage Affiliates Trust during the 4th quarter valued at $75,000. Institutional investors and hedge funds own 84.93% of the company’s stock.

Shares of NYSE NSA opened at $56.60 on Monday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of 59.58, a PEG ratio of 2.74 and a beta of 0.55. National Storage Affiliates Trust has a 52-week low of $41.10 and a 52-week high of $70.04. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.47 and a current ratio of 0.47. The stock has a 50 day moving average price of $61.60 and a 200 day moving average price of $62.38.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were given a dividend of $0.50 per share. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, March 14th. This represents a $2.00 annualized dividend and a yield of 3.53%. National Storage Affiliates Trust’s dividend payout ratio is 210.53%.

About National Storage Affiliates Trust (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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