National Storage Affiliates Trust (NYSE:NSA) released its quarterly earnings data on Sunday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.05, MarketWatch Earnings reports. The business had revenue of $114.11 million during the quarter, compared to analysts’ expectations of $108.19 million. National Storage Affiliates Trust had a net margin of 10.42% and a return on equity of 3.72%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.40 EPS.
NSA stock opened at $38.03 on Tuesday. The company has a market cap of $2.63 billion, a P/E ratio of 86.43 and a beta of 0.38. National Storage Affiliates Trust has a 52 week low of $19.34 and a 52 week high of $38.86. The company’s 50-day moving average price is $36.95 and its 200 day moving average price is $34.93. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.53.
Several research firms have recently issued reports on NSA. Truist lifted their price objective on shares of National Storage Affiliates Trust from $32.00 to $36.00 in a research report on Thursday, December 31st. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Friday. Morgan Stanley lifted their price objective on shares of National Storage Affiliates Trust from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 9th. Evercore ISI began coverage on shares of National Storage Affiliates Trust in a research note on Friday, January 8th. They issued an “outperform” rating and a $42.00 price objective on the stock. Finally, BMO Capital Markets upgraded shares of National Storage Affiliates Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $32.00 to $42.00 in a research note on Thursday, January 7th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $35.00.
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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