Equities research analysts forecast that National Storage Affiliates Trust (NYSE:NSA – Get Rating) will post sales of $182.85 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for National Storage Affiliates Trust’s earnings. The lowest sales estimate is $176.26 million and the highest is $187.60 million. National Storage Affiliates Trust reported sales of $122.99 million during the same quarter last year, which indicates a positive year-over-year growth rate of 48.7%. The company is expected to report its next quarterly earnings results after the market closes on Monday, January 1st.
According to Zacks, analysts expect that National Storage Affiliates Trust will report full-year sales of $754.57 million for the current year, with estimates ranging from $709.50 million to $782.40 million. For the next fiscal year, analysts forecast that the company will report sales of $814.92 million, with estimates ranging from $723.55 million to $853.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow National Storage Affiliates Trust.
National Storage Affiliates Trust (NYSE:NSA – Get Rating) last released its quarterly earnings results on Monday, February 21st. The real estate investment trust reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.10). National Storage Affiliates Trust had a net margin of 17.97% and a return on equity of 5.92%. The business had revenue of $173.59 million during the quarter, compared to analysts’ expectations of $162.50 million. During the same quarter last year, the business posted $0.46 earnings per share. The company’s quarterly revenue was up 52.1% compared to the same quarter last year.
In related news, Chairman Arlen Dale Nordhagen sold 170,000 shares of the firm’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $60.71, for a total transaction of $10,320,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 11.80% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of NSA. BlackRock Inc. grew its holdings in National Storage Affiliates Trust by 22.7% in the third quarter. BlackRock Inc. now owns 12,153,577 shares of the real estate investment trust’s stock valued at $641,586,000 after purchasing an additional 2,246,466 shares during the period. Invesco Ltd. grew its holdings in National Storage Affiliates Trust by 113.8% in the third quarter. Invesco Ltd. now owns 2,331,889 shares of the real estate investment trust’s stock valued at $123,101,000 after purchasing an additional 1,241,456 shares during the period. Norges Bank acquired a new stake in National Storage Affiliates Trust in the fourth quarter valued at approximately $50,878,000. Goldman Sachs Group Inc. grew its holdings in National Storage Affiliates Trust by 97.4% in the third quarter. Goldman Sachs Group Inc. now owns 1,134,920 shares of the real estate investment trust’s stock valued at $59,912,000 after purchasing an additional 559,937 shares during the period. Finally, Geode Capital Management LLC grew its holdings in 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 valued at $121,794,000 after purchasing an additional 487,999 shares during the period. 83.50% of the stock is currently owned by hedge funds and other institutional investors.
National Storage Affiliates Trust stock opened at $55.34 on Wednesday. National Storage Affiliates Trust has a one year low of $41.10 and a one year high of $70.04. The stock has a market cap of $5.06 billion, a PE ratio of 58.25, a price-to-earnings-growth ratio of 2.52 and a beta of 0.60. 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 of $61.50 and a two-hundred day moving average of $62.33.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.61%. 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. National Storage Affiliates Trust’s dividend payout ratio (DPR) 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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