National Storage Affiliates Trust to Post Q3 2021 Earnings of $0.47 Per Share, Jefferies Financial Group Forecasts (NYSE:NSA)


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National Storage Affiliates Trust (NYSE:NSA) – Analysts at Jefferies Financial Group boosted their Q3 2021 EPS estimates for National Storage Affiliates Trust in a report released on Wednesday, January 13th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings of $0.47 per share for the quarter, up from their previous estimate of $0.46. Jefferies Financial Group also issued estimates for National Storage Affiliates Trust’s FY2022 earnings at $1.95 EPS and FY2023 earnings at $2.07 EPS.

Other equities analysts have also recently issued research reports about the stock. Morgan Stanley increased their price objective on shares of National Storage Affiliates Trust from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 9th. Evercore ISI started coverage on shares of National Storage Affiliates Trust in a research note on Friday, January 8th. They set an “outperform” rating and a $42.00 price target on the stock. Wells Fargo & Company upped their price objective on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock an “overweight” rating in a research note on Monday, November 16th. Truist lifted their target price on National Storage Affiliates Trust from $32.00 to $36.00 in a research report on Thursday, December 31st. Finally, BMO Capital Markets upgraded National Storage Affiliates Trust from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $32.00 to $42.00 in a research report on Thursday, January 7th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. National Storage Affiliates Trust has an average rating of “Buy” and a consensus target price of $35.09.

National Storage Affiliates Trust stock opened at $36.45 on Thursday. National Storage Affiliates Trust has a 52-week low of $19.34 and a 52-week high of $38.22. The company has a market cap of $2.52 billion, a P/E ratio of 82.84 and a beta of 0.36. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.53. The business has a 50-day simple moving average of $34.99 and a two-hundred day simple moving average of $33.43.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings data on Tuesday, November 10th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.26). National Storage Affiliates Trust had a return on equity of 3.72% and a net margin of 10.42%. The firm had revenue of $109.47 million during the quarter, compared to the consensus estimate of $106.15 million. During the same period in the previous year, the firm earned $0.40 EPS. The business’s revenue was up 8.0% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Stockholders of record on Tuesday, December 15th were issued a $0.35 dividend. The ex-dividend date was Monday, December 14th. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.34. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.84%. National Storage Affiliates Trust’s dividend payout ratio is currently 90.91%.

In other National Storage Affiliates Trust news, Director Mourick Mark Van sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 17th. The stock was sold at an average price of $36.75, for a total value of $73,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 12.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Great West Life Assurance Co. Can boosted its stake in shares of National Storage Affiliates Trust by 789.2% during the 3rd quarter. Great West Life Assurance Co. Can now owns 1,019,172 shares of the real estate investment trust’s stock worth $1,595,000 after acquiring an additional 904,557 shares in the last quarter. Vanguard Group Inc. increased its position in shares of National Storage Affiliates Trust by 9.3% in the 2nd quarter. Vanguard Group Inc. now owns 9,144,962 shares of the real estate investment trust’s stock worth $262,095,000 after purchasing an additional 779,794 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of National Storage Affiliates Trust by 224.8% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 383,767 shares of the real estate investment trust’s stock valued at $12,553,000 after purchasing an additional 265,629 shares in the last quarter. GEM Realty Capital acquired a new stake in shares of National Storage Affiliates Trust in the 3rd quarter valued at about $8,142,000. Finally, Caas Capital Management LP bought a new position in shares of National Storage Affiliates Trust during the third quarter worth about $7,814,000. Hedge funds and other institutional investors own 72.67% of the company’s stock.

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. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.

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Earnings History and Estimates for National Storage Affiliates Trust (NYSE:NSA)

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