$0.39 Earnings Per Share Expected for National Storage Affiliates Trust (NYSE:NSA) This Quarter

Analysts expect National Storage Affiliates Trust (NYSE:NSA) to report earnings per share (EPS) of $0.39 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for National Storage Affiliates Trust’s earnings. The lowest EPS estimate is $0.38 and the highest is $0.40. National Storage Affiliates Trust reported earnings per share of $0.37 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.4%. The business is expected to report its next quarterly 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 $1.52 to $1.54. For the next fiscal year, analysts forecast that the firm will post earnings of $1.62 per share, with EPS estimates ranging from $1.61 to $1.64. Zacks’ earnings per share calculations are an average based on a survey of research analysts that cover National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing the 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 firm had revenue of $101.34 million during the quarter, compared to analyst estimates of $100.49 million. During the same quarter in the prior year, the firm earned $0.36 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis.

Several brokerages recently commented on NSA. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Wells Fargo & Co reissued a “buy” rating on shares of National Storage Affiliates Trust in a report on Monday, December 9th. BMO Capital Markets reissued a “hold” rating and issued a $26.00 price target on shares of National Storage Affiliates Trust in a report on Thursday, October 31st. Finally, SunTrust Banks lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating and set a $30.00 price target for the company. in a report on Wednesday, January 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. National Storage Affiliates Trust presently has an average rating of “Hold” and an average price target of $33.29.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in National Storage Affiliates Trust by 1.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,948 shares of the real estate investment trust’s stock worth $940,000 after acquiring an additional 318 shares in the last quarter. Marshall Wace North America L.P. grew its holdings in shares of National Storage Affiliates Trust by 21.6% during the first quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 335 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of National Storage Affiliates Trust by 3.3% during the third quarter. Louisiana State Employees Retirement System now owns 21,900 shares of the real estate investment trust’s stock worth $731,000 after buying an additional 700 shares in the last quarter. Cutler Group LP purchased a new stake in shares of National Storage Affiliates Trust during the third quarter worth $26,000. Finally, Municipal Employees Retirement System of Michigan grew its holdings in shares of National Storage Affiliates Trust by 4.9% during the third quarter. Municipal Employees Retirement System of Michigan now owns 17,790 shares of the real estate investment trust’s stock worth $594,000 after buying an additional 830 shares in the last quarter. 92.91% of the stock is owned by institutional investors.

Shares of NSA traded down $0.05 during trading hours on Friday, hitting $34.95. The stock had a trading volume of 187,841 shares, compared to its average volume of 259,616. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.64 and a current ratio of 0.64. The firm has a 50-day moving average price of $33.71 and a 200 day moving average price of $32.91. National Storage Affiliates Trust has a fifty-two week low of $26.72 and a fifty-two week high of $35.76. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -74.36, a PEG ratio of 4.23 and a beta of 0.29.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend was Thursday, December 12th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.32. National Storage Affiliates Trust’s payout ratio is presently 95.65%.

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. 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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