Brokerages forecast that National Storage Affiliates Trust (NYSE:NSA) will announce sales of $106.47 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for National Storage Affiliates Trust’s earnings. The highest sales estimate is $108.30 million and the lowest is $103.99 million. National Storage Affiliates Trust posted sales of $101.34 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 4th.
According to Zacks, analysts expect that National Storage Affiliates Trust will report full-year sales of $419.96 million for the current financial year, with estimates ranging from $409.74 million to $424.50 million. For the next year, analysts expect that the firm will report sales of $443.84 million, with estimates ranging from $425.35 million to $462.90 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow National Storage Affiliates Trust.
National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.28). National Storage Affiliates Trust had a return on equity of 1.81% and a net margin of 5.19%. The business had revenue of $104.40 million during the quarter, compared to the consensus estimate of $102.38 million. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue was up 9.4% on a year-over-year basis.
NYSE NSA traded up $0.74 during trading hours on Monday, reaching $33.45. The company’s stock had a trading volume of 530,107 shares, compared to its average volume of 449,699. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.51. The business has a 50-day simple moving average of $33.78 and a 200 day simple moving average of $30.04. National Storage Affiliates Trust has a 52 week low of $19.34 and a 52 week high of $38.22. The stock has a market cap of $2.30 billion, a PE ratio of 371.71 and a beta of 0.42.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.07%. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, September 14th. National Storage Affiliates Trust’s payout ratio is presently 88.31%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC acquired a new stake in shares of National Storage Affiliates Trust during the 1st quarter valued at $32,000. Cutler Group LP acquired a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at $34,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at $46,000. Private Advisor Group LLC acquired a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at $49,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of National Storage Affiliates Trust during the 2nd quarter valued at $54,000. Hedge funds and other institutional investors own 81.19% 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. 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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