Analysts Anticipate National Storage Affiliates Trust (NSA) Will Post Quarterly Sales of $87.54 Million

Equities research analysts forecast that National Storage Affiliates Trust (NYSE:NSA) will announce sales of $87.54 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for National Storage Affiliates Trust’s earnings, with the highest sales estimate coming in at $93.70 million and the lowest estimate coming in at $80.32 million. National Storage Affiliates Trust reported sales of $73.37 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.3%. The business is scheduled to issue its next quarterly earnings results on Monday, February 25th.

On average, analysts expect that National Storage Affiliates Trust will report full-year sales of $326.09 million for the current fiscal year, with estimates ranging from $313.07 million to $335.30 million. For the next financial year, analysts anticipate that the firm will post sales of $385.27 million, with estimates ranging from $355.85 million to $411.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Friday, November 2nd. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). The business had revenue of $85.38 million for the quarter, compared to the consensus estimate of $86.37 million. National Storage Affiliates Trust had a return on equity of 1.48% and a net margin of 5.37%. National Storage Affiliates Trust’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.33 earnings per share.

Several research firms have recently issued reports on NSA. Zacks Investment Research raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. ValuEngine raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th. Citigroup reduced their price target on National Storage Affiliates Trust from $30.00 to $26.00 and set a “hold” rating on the stock in a research note on Friday, October 5th. Finally, Jefferies Financial Group raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating and upped their price target for the stock from $30.00 to $31.00 in a research note on Thursday, October 4th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.00.

In related news, CFO Tamara D. Fischer bought 1,200 shares of the company’s stock in a transaction on Friday, November 30th. The shares were acquired at an average cost of $23.80 per share, with a total value of $28,560.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Arlen Dale Nordhagen bought 20,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was bought at an average cost of $26.30 per share, for a total transaction of $526,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 31,200 shares of company stock worth $822,560. 13.10% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in NSA. BlackRock Inc. grew its position in shares of National Storage Affiliates Trust by 11.8% during the third quarter. BlackRock Inc. now owns 10,268,524 shares of the real estate investment trust’s stock worth $261,231,000 after purchasing an additional 1,080,373 shares in the last quarter. Vanguard Group Inc. increased its stake in National Storage Affiliates Trust by 12.9% during the 3rd quarter. Vanguard Group Inc. now owns 6,280,853 shares of the real estate investment trust’s stock worth $159,785,000 after buying an additional 717,116 shares in the last quarter. Renaissance Technologies LLC increased its stake in National Storage Affiliates Trust by 24.5% during the 3rd quarter. Renaissance Technologies LLC now owns 1,261,711 shares of the real estate investment trust’s stock worth $32,098,000 after buying an additional 247,911 shares in the last quarter. OppenheimerFunds Inc. increased its stake in National Storage Affiliates Trust by 3.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 1,118,800 shares of the real estate investment trust’s stock worth $34,481,000 after buying an additional 34,961 shares in the last quarter. Finally, Teachers Advisors LLC increased its stake in National Storage Affiliates Trust by 1.0% during the 3rd quarter. Teachers Advisors LLC now owns 990,570 shares of the real estate investment trust’s stock worth $25,200,000 after buying an additional 9,725 shares in the last quarter. 92.54% of the stock is currently owned by institutional investors and hedge funds.

Shares of National Storage Affiliates Trust stock traded down $0.13 on Wednesday, reaching $29.50. 467,327 shares of the company’s stock were exchanged, compared to its average volume of 312,900. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 23.79, a PEG ratio of 2.73 and a beta of 0.36. National Storage Affiliates Trust has a 52 week low of $23.10 and a 52 week high of $32.28. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.55 and a current ratio of 0.55.

The company also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Friday, December 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.07%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Thursday, December 13th. National Storage Affiliates Trust’s dividend payout ratio is presently 93.55%.

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 669 self storage properties located in 34 states and Puerto Rico with approximately 42.5 million rentable square feet.

See Also: Tariff

Get a free copy of the Zacks research report on National Storage Affiliates Trust (NSA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for National Storage Affiliates Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for National Storage Affiliates Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit