Zacks: Brokerages Expect National Storage Affiliates Trust (NSA) Will Post Quarterly Sales of $84.34 Million

Brokerages expect National Storage Affiliates Trust (NYSE:NSA) to report $84.34 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for National Storage Affiliates Trust’s earnings, with the lowest sales estimate coming in at $80.85 million and the highest estimate coming in at $87.62 million. National Storage Affiliates Trust posted sales of $68.86 million in the same quarter last year, which would suggest a positive year over year growth rate of 22.5%. The company is scheduled to report its next quarterly earnings results on Monday, November 5th.

On average, analysts expect that National Storage Affiliates Trust will report full year sales of $327.45 million for the current year, with estimates ranging from $313.07 million to $338.90 million. For the next year, analysts expect that the company will post sales of $387.44 million per share, with estimates ranging from $356.41 million to $411.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Monday, August 6th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.27). National Storage Affiliates Trust had a return on equity of 1.29% and a net margin of 4.63%. The firm had revenue of $79.72 million during the quarter, compared to analyst estimates of $79.68 million. During the same quarter in the prior year, the firm earned $0.31 EPS. The business’s quarterly revenue was up 23.9% compared to the same quarter last year.

NSA has been the topic of a number of recent analyst reports. ValuEngine upgraded shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a report on Tuesday, May 29th. Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Thursday, July 19th. Morgan Stanley boosted their price objective on shares of National Storage Affiliates Trust from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, June 14th. SunTrust Banks boosted their price objective on shares of National Storage Affiliates Trust from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, July 12th. Finally, DA Davidson set a $37.00 price objective on shares of National Storage Affiliates Trust and gave the stock a “buy” rating in a report on Thursday, July 12th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $28.36.

Shares of NSA stock opened at $27.34 on Friday. National Storage Affiliates Trust has a 12 month low of $22.97 and a 12 month high of $32.28. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.53 and a beta of 0.46.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.29 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.24%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 93.55%.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its stake in National Storage Affiliates Trust by 18.4% during the first quarter. BlackRock Inc. now owns 8,759,095 shares of the real estate investment trust’s stock worth $219,678,000 after acquiring an additional 1,362,708 shares during the period. JPMorgan Chase & Co. raised its stake in National Storage Affiliates Trust by 252.0% during the first quarter. JPMorgan Chase & Co. now owns 395,124 shares of the real estate investment trust’s stock worth $9,910,000 after acquiring an additional 282,882 shares during the period. Northern Trust Corp raised its stake in National Storage Affiliates Trust by 16.9% during the first quarter. Northern Trust Corp now owns 865,429 shares of the real estate investment trust’s stock worth $21,705,000 after acquiring an additional 125,157 shares during the period. Wells Fargo & Company MN raised its stake in National Storage Affiliates Trust by 43.1% during the second quarter. Wells Fargo & Company MN now owns 385,038 shares of the real estate investment trust’s stock worth $11,867,000 after acquiring an additional 115,958 shares during the period. Finally, Wasatch Advisors Inc. raised its stake in National Storage Affiliates Trust by 15.6% during the second quarter. Wasatch Advisors Inc. now owns 605,187 shares of the real estate investment trust’s stock worth $18,652,000 after acquiring an additional 81,852 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.

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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.

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