National Storage Affiliates Trust (NYSE:NSA) Expected to Post Earnings of $0.39 Per Share

Brokerages expect National Storage Affiliates Trust (NYSE:NSA) to announce $0.39 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for National Storage Affiliates Trust’s earnings, with estimates ranging from $0.38 to $0.39. National Storage Affiliates Trust posted earnings of $0.37 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The firm is scheduled to announce its next earnings results on Monday, February 24th.

According to Zacks, analysts expect that National Storage Affiliates Trust will report full year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.51 to $1.54. For the next fiscal year, analysts anticipate that the business will post earnings of $1.62 per share, with EPS estimates ranging from $1.60 to $1.64. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.59). National Storage Affiliates Trust had a negative net margin of 4.87% and a negative return on equity of 1.45%. The business had revenue of $101.34 million during the quarter, compared to analyst estimates of $100.49 million. During the same period in the previous year, the company earned $0.36 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis.

A number of equities analysts have issued reports on NSA shares. ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Wells Fargo & Co upped their target price on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Stifel Nicolaus started coverage on National Storage Affiliates Trust in a research report on Monday, August 19th. They issued a “buy” rating and a $36.00 target price on the stock. Robert W. Baird set a $37.00 target price on National Storage Affiliates Trust and gave the company a “buy” rating in a research report on Wednesday, August 21st. Finally, Zacks Investment Research raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. National Storage Affiliates Trust presently has a consensus rating of “Buy” and an average target price of $33.83.

Shares of NSA traded down $0.17 during trading on Monday, reaching $32.57. The company’s stock had a trading volume of 168,527 shares, compared to its average volume of 373,948. The company has a fifty day moving average of $33.85 and a two-hundred day moving average of $31.53. National Storage Affiliates Trust has a twelve month low of $25.11 and a twelve month high of $35.76. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 23.60, a P/E/G ratio of 4.16 and a beta of 0.32. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.26.

Hedge funds have recently bought and sold shares of the stock. Cutler Group LP acquired a new stake in shares of National Storage Affiliates Trust during the 3rd quarter valued at approximately $26,000. FMR LLC acquired a new stake in shares of National Storage Affiliates Trust during the 1st quarter valued at approximately $32,000. Marshall Wace North America L.P. raised its position in shares of National Storage Affiliates Trust by 21.6% during the 1st quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock valued at $54,000 after acquiring an additional 335 shares in the last quarter. Pearl River Capital LLC raised its position in shares of National Storage Affiliates Trust by 337.4% during the 2nd quarter. Pearl River Capital LLC now owns 2,642 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 2,038 shares in the last quarter. Finally, Quantamental Technologies LLC raised its position in shares of National Storage Affiliates Trust by 236.5% during the 2nd quarter. Quantamental Technologies LLC now owns 5,158 shares of the real estate investment trust’s stock valued at $149,000 after acquiring an additional 3,625 shares in the last quarter. 93.19% of the stock is currently owned by institutional investors and hedge funds.

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

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