National Storage Affiliates Trust (NSA) Expected to Announce Quarterly Sales of $87.54 Million

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

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

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

A number of research analysts have issued reports on the company. ValuEngine upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, November 20th. Zacks Investment Research raised National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a report on Tuesday, September 25th. Citigroup cut their price target on National Storage Affiliates Trust from $30.00 to $26.00 and set a “hold” rating for the company in a report on Friday, October 5th. Finally, Jefferies Financial Group raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating and boosted their price target for the company from $30.00 to $31.00 in a report on Thursday, October 4th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $29.00.

In related news, CFO Tamara D. Fischer acquired 1,200 shares of the firm’s stock in a transaction on Friday, November 30th. The shares were acquired at an average cost of $23.80 per share, for a total transaction of $28,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Arlen Dale Nordhagen acquired 20,000 shares of the firm’s stock in a transaction on Monday, November 5th. The shares were bought at an average price 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 90 days, insiders have acquired 31,200 shares of company stock worth $822,560. Company insiders own 13.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its position in National Storage Affiliates Trust by 3.8% in the first quarter. Principal Financial Group Inc. now owns 394,009 shares of the real estate investment trust’s stock valued at $9,881,000 after purchasing an additional 14,514 shares during the period. Amalgamated Bank bought a new stake in National Storage Affiliates Trust during the 2nd quarter worth about $230,000. Dupont Capital Management Corp grew its holdings in National Storage Affiliates Trust by 8.6% during the 2nd quarter. Dupont Capital Management Corp now owns 45,298 shares of the real estate investment trust’s stock worth $1,396,000 after acquiring an additional 3,568 shares during the last quarter. Wells Fargo & Company MN grew its holdings in National Storage Affiliates Trust by 43.1% during the 2nd 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 last quarter. Finally, Wasatch Advisors Inc. grew its holdings in National Storage Affiliates Trust by 15.6% during the 2nd 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 last quarter. 92.54% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:NSA traded down $0.13 during trading on Wednesday, reaching $29.50. The company’s stock had a trading volume of 467,327 shares, compared to its average volume of 312,900. The company has a market capitalization of $1.68 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.73 and a beta of 0.36. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.55 and a quick ratio of 0.55. National Storage Affiliates Trust has a 12 month low of $23.10 and a 12 month high of $32.28.

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

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

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