$94.58 Million in Sales Expected for National Storage Affiliates Trust (NYSE:NSA) This Quarter

Wall Street brokerages expect National Storage Affiliates Trust (NYSE:NSA) to announce sales of $94.58 million for the current quarter, according to Zacks. Three analysts have made estimates for National Storage Affiliates Trust’s earnings. The highest sales estimate is $96.84 million and the lowest is $91.59 million. National Storage Affiliates Trust posted sales of $79.72 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.6%. The firm is expected to issue its next earnings report on Monday, August 5th.

According to Zacks, analysts expect that National Storage Affiliates Trust will report full year sales of $378.53 million for the current financial year, with estimates ranging from $347.79 million to $409.00 million. For the next year, analysts expect that the business will report sales of $418.14 million, with estimates ranging from $357.86 million to $501.00 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28). National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The firm had revenue of $90.57 million during the quarter, compared to the consensus estimate of $93.25 million. During the same quarter last year, the company posted $0.32 EPS. National Storage Affiliates Trust’s revenue for the quarter was up 18.4% on a year-over-year basis.

Several research analysts have commented on NSA shares. ValuEngine cut shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $32.00 target price for the company in a research report on Friday, March 29th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. National Storage Affiliates Trust currently has an average rating of “Buy” and an average price target of $31.00.

Several institutional investors have recently bought and sold shares of the company. Marshall Wace North America L.P. boosted its holdings 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 acquiring an additional 335 shares in the last quarter. Arizona State Retirement System boosted its holdings in shares of National Storage Affiliates Trust by 0.4% in the first quarter. Arizona State Retirement System now owns 87,467 shares of the real estate investment trust’s stock valued at $2,494,000 after acquiring an additional 348 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of National Storage Affiliates Trust by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 21,909 shares of the real estate investment trust’s stock valued at $625,000 after acquiring an additional 396 shares in the last quarter. Piedmont Investment Advisors Inc. lifted its stake in National Storage Affiliates Trust by 3.4% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 13,462 shares of the real estate investment trust’s stock valued at $356,000 after purchasing an additional 442 shares during the last quarter. Finally, Creative Planning lifted its stake in National Storage Affiliates Trust by 4.0% during the first quarter. Creative Planning now owns 14,606 shares of the real estate investment trust’s stock valued at $416,000 after purchasing an additional 556 shares during the last quarter. Institutional investors and hedge funds own 91.99% of the company’s stock.

NYSE NSA opened at $28.94 on Friday. National Storage Affiliates Trust has a 52 week low of $24.44 and a 52 week high of $32.28. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.17. The company has a market cap of $1.61 billion, a PE ratio of 20.97, a price-to-earnings-growth ratio of 3.61 and a beta of 0.42. The stock has a 50-day moving average price of $29.72.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, June 13th. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 4.42%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 92.75%.

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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