National Storage Affiliates Trust (NYSE:NSA) Releases FY22 Earnings Guidance

National Storage Affiliates Trust (NYSE:NSAGet Rating) issued an update on its FY22 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.80-$2.85 for the period, compared to the consensus estimate of $2.76.

Shares of NSA traded down $2.65 during midday trading on Friday, hitting $52.46. The company’s stock had a trading volume of 956,869 shares, compared to its average volume of 783,553. National Storage Affiliates Trust has a one year low of $41.10 and a one year high of $70.04. The company’s fifty day simple moving average is $61.30 and its two-hundred day simple moving average is $62.19. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 52.46, a price-to-earnings-growth ratio of 2.54 and a beta of 0.60.

National Storage Affiliates Trust (NYSE:NSAGet Rating) last issued its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.43). National Storage Affiliates Trust had a net margin of 16.87% and a return on equity of 5.72%. The business had revenue of $187.20 million during the quarter, compared to the consensus estimate of $183.80 million. During the same quarter in the previous year, the business posted $0.49 EPS. The company’s revenue for the quarter was up 52.2% on a year-over-year basis. On average, research analysts predict that National Storage Affiliates Trust will post 2.82 earnings per share for the current year.

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, March 14th. This represents a $2.00 dividend on an annualized basis and a yield of 3.81%. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.45. National Storage Affiliates Trust’s payout ratio is currently 200.00%.

A number of equities research analysts recently weighed in on the company. Morgan Stanley boosted their price objective 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 started coverage on National Storage Affiliates Trust in a research report on Thursday, March 31st. They set a hold rating on the stock. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Buy and a consensus price target of $60.78.

In other news, Chairman Arlen Dale Nordhagen sold 170,000 shares of the business’s stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $60.71, for a total value of $10,320,700.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 11.80% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in National Storage Affiliates Trust by 5.5% during the 4th quarter. BlackRock Inc. now owns 12,820,230 shares of the real estate investment trust’s stock worth $887,159,000 after buying an additional 666,653 shares during the period. Legal & General Group Plc raised its stake in National Storage Affiliates Trust by 1.0% during the 4th quarter. Legal & General Group Plc now owns 587,562 shares of the real estate investment trust’s stock worth $40,659,000 after buying an additional 5,915 shares during the period. Parametric Portfolio Associates LLC raised its stake in National Storage Affiliates Trust by 4.7% during the 4th quarter. Parametric Portfolio Associates LLC now owns 223,075 shares of the real estate investment trust’s stock worth $15,437,000 after buying an additional 9,981 shares during the period. Barclays PLC raised its stake in shares of National Storage Affiliates Trust by 19.2% in the fourth quarter. Barclays PLC now owns 197,456 shares of the real estate investment trust’s stock worth $13,665,000 after purchasing an additional 31,736 shares during the last quarter. Finally, California State Teachers Retirement System raised its stake in shares of National Storage Affiliates Trust by 3.4% in the fourth quarter. California State Teachers Retirement System now owns 115,551 shares of the real estate investment trust’s stock worth $7,996,000 after purchasing an additional 3,777 shares during the last quarter. 83.50% of the stock is currently owned by institutional investors and hedge funds.

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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