Zacks: Analysts Expect National Storage Affiliates Trust (NYSE:NSA) to Announce $0.45 EPS

Equities analysts expect National Storage Affiliates Trust (NYSE:NSA) to post $0.45 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for National Storage Affiliates Trust’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.46. National Storage Affiliates Trust reported earnings per share of $0.40 during the same quarter last year, which suggests a positive year-over-year growth rate of 12.5%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, May 10th.

According to Zacks, analysts expect that National Storage Affiliates Trust will report full year earnings of $1.86 per share for the current year, with EPS estimates ranging from $1.83 to $1.88. For the next year, analysts anticipate that the company will post earnings of $1.96 per share, with EPS estimates ranging from $1.91 to $2.04. Zacks’ EPS calculations are an average based on a survey of research firms that cover National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Sunday, February 21st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.05. National Storage Affiliates Trust had a net margin of 10.42% and a return on equity of 3.72%. The business had revenue of $114.11 million for the quarter, compared to analyst estimates of $108.19 million. During the same period in the previous year, the business posted $0.40 earnings per share. The business’s revenue was up 13.5% compared to the same quarter last year.

Several research analysts have weighed in on NSA shares. BMO Capital Markets restated a “buy” rating on shares of National Storage Affiliates Trust in a research report on Tuesday, March 9th. Morgan Stanley upped their target price on shares of National Storage Affiliates Trust from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, March 18th. Truist Securities upped their target price on shares of National Storage Affiliates Trust from $36.00 to $40.00 in a research report on Monday, March 22nd. Evercore ISI started coverage on shares of National Storage Affiliates Trust in a research report on Friday, January 8th. They set an “outperform” rating and a $42.00 target price on the stock. Finally, Truist upped their target price on shares of National Storage Affiliates Trust from $36.00 to $40.00 in a research report on Monday, March 22nd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. National Storage Affiliates Trust has an average rating of “Buy” and an average price target of $40.00.

Shares of NSA opened at $41.17 on Monday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.53. The firm’s 50-day moving average is $39.34 and its two-hundred day moving average is $36.18. National Storage Affiliates Trust has a twelve month low of $23.91 and a twelve month high of $41.73. The firm has a market capitalization of $2.94 billion, a P/E ratio of 93.57 and a beta of 0.38.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, March 12th. This represents a $1.40 annualized dividend and a dividend yield of 3.40%. National Storage Affiliates Trust’s dividend payout ratio is presently 90.91%.

Several hedge funds have recently added to or reduced their stakes in NSA. Marshall Wace North America L.P. grew its position in shares of National Storage Affiliates Trust by 21.6% in the first 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 purchasing an additional 335 shares during the last quarter. FMR LLC purchased a new position in shares of National Storage Affiliates Trust during the first quarter valued at approximately $32,000. First Trust Advisors LP lifted its stake in shares of National Storage Affiliates Trust by 625.5% during the first quarter. First Trust Advisors LP now owns 78,207 shares of the real estate investment trust’s stock valued at $2,230,000 after buying an additional 67,428 shares during the period. Amundi Pioneer Asset Management Inc. lifted its stake in shares of National Storage Affiliates Trust by 10.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 85,306 shares of the real estate investment trust’s stock valued at $2,431,000 after buying an additional 8,230 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of National Storage Affiliates Trust by 38.6% during the third quarter. JPMorgan Chase & Co. now owns 280,291 shares of the real estate investment trust’s stock valued at $9,317,000 after buying an additional 78,116 shares during the period. Institutional investors and hedge funds own 86.29% of the company’s stock.

National Storage Affiliates Trust Company Profile

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.

Further Reading: Leveraged Buyout (LBO) Explained

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

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