Equities analysts expect National Storage Affiliates Trust (NYSE:NSA) to announce earnings per share (EPS) of $0.38 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for National Storage Affiliates Trust’s earnings, with the lowest EPS estimate coming in at $0.37 and the highest estimate coming in at $0.39. National Storage Affiliates Trust reported earnings of $0.34 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.8%. The firm is scheduled to report its next earnings results on Monday, August 5th.
On average, analysts expect that National Storage Affiliates Trust will report full year earnings of $1.52 per share for the current year, with EPS estimates ranging from $1.50 to $1.54. For the next financial year, analysts anticipate that the firm will post earnings of $1.59 per share, with EPS estimates ranging from $1.55 to $1.64. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for National Storage Affiliates Trust.
National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.28). The firm had revenue of $90.57 million for the quarter, compared to the consensus estimate of $93.25 million. National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share.
NSA has been the topic of several recent research reports. Zacks Investment Research upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research report on Wednesday, February 13th. ValuEngine cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $30.17.
Institutional investors have recently bought and sold shares of the business. Tompkins Financial Corp bought a new position in National Storage Affiliates Trust in the first quarter valued at about $29,000. FMR LLC bought a new position in shares of National Storage Affiliates Trust during the first quarter worth about $32,000. Quantamental Technologies LLC bought a new position in shares of National Storage Affiliates Trust during the first quarter worth about $44,000. Advisory Alpha LLC bought a new position in shares of National Storage Affiliates Trust during the first quarter worth about $45,000. Finally, NumerixS Investment Technologies Inc raised its position in shares of National Storage Affiliates Trust by 1,700.0% during the fourth quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,700 shares during the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s stock.
Shares of National Storage Affiliates Trust stock traded down $0.25 during trading on Tuesday, hitting $29.66. 5,857 shares of the company were exchanged, compared to its average volume of 306,106. National Storage Affiliates Trust has a 1-year low of $24.44 and a 1-year high of $32.28. The firm has a market capitalization of $1.70 billion, a P/E ratio of 21.49, a PEG ratio of 3.86 and a beta of 0.41. 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 also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 4.32%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 86.96%.
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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