$100.62 Million in Sales Expected for National Storage Affiliates Trust (NYSE:NSA) This Quarter

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Equities research analysts expect that National Storage Affiliates Trust (NYSE:NSA) will announce $100.62 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for National Storage Affiliates Trust’s earnings, with the lowest sales estimate coming in at $99.36 million and the highest estimate coming in at $101.90 million. National Storage Affiliates Trust reported sales of $85.38 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.8%. The company is expected to issue its next earnings results after the market closes on Wednesday, October 30th.

On average, analysts expect that National Storage Affiliates Trust will report full year sales of $385.65 million for the current fiscal year, with estimates ranging from $378.88 million to $391.40 million. For the next year, analysts forecast that the company will report sales of $418.64 million, with estimates ranging from $391.39 million to $442.08 million. Zacks’ sales averages are a mean average based on a survey of research analysts that follow National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported ($0.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.57). National Storage Affiliates Trust had a negative net margin of 1.41% and a negative return on equity of 0.41%. The company had revenue of $95.42 million during the quarter, compared to analyst estimates of $95.75 million. During the same period in the prior year, the business earned $0.34 EPS. National Storage Affiliates Trust’s revenue for the quarter was up 19.7% on a year-over-year basis.

Several equities research analysts have recently weighed in on the company. Wells Fargo & Co raised their target price on National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Robert W. Baird set a $37.00 target price on National Storage Affiliates Trust and gave the stock a “buy” rating in a research report on Wednesday, August 21st. BMO Capital Markets set a $26.00 price target on National Storage Affiliates Trust and gave the stock a “hold” rating in a research note on Friday, August 2nd. ValuEngine downgraded National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus assumed coverage on National Storage Affiliates Trust in a research note on Monday, August 19th. They issued a “buy” rating and a $36.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. National Storage Affiliates Trust presently has an average rating of “Hold” and a consensus target price of $34.00.

Shares of NYSE NSA opened at $34.60 on Monday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.37 and a current ratio of 0.37. National Storage Affiliates Trust has a fifty-two week low of $25.11 and a fifty-two week high of $34.90. The firm has a market capitalization of $2.04 billion, a PE ratio of 25.07, a price-to-earnings-growth ratio of 4.43 and a beta of 0.32. The stock’s 50-day simple moving average is $33.56 and its 200-day simple moving average is $30.79.

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 13th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.70%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 92.75%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. 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 period. Municipal Employees Retirement System of Michigan grew its position in shares of National Storage Affiliates Trust by 2.3% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,960 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 380 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of National Storage Affiliates Trust by 1.8% in the second quarter. Oregon Public Employees Retirement Fund now owns 22,309 shares of the real estate investment trust’s stock valued at $646,000 after purchasing an additional 400 shares during the period. Arizona State Retirement System grew its position in shares of National Storage Affiliates Trust by 0.9% in the second quarter. Arizona State Retirement System now owns 88,238 shares of the real estate investment trust’s stock valued at $2,554,000 after purchasing an additional 771 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of National Storage Affiliates Trust by 8.3% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,962 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 841 shares during the period. 92.92% of the stock is owned by institutional investors.

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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