Wall Street analysts expect National Storage Affiliates Trust (NYSE:NSA) to post earnings per share of $0.34 for the current quarter, according to Zacks. Four analysts have issued estimates for National Storage Affiliates Trust’s earnings, with estimates ranging from $0.32 to $0.36. National Storage Affiliates Trust reported earnings per share of $0.33 during the same quarter last year, which would indicate a positive year over year growth rate of 3%. The business is scheduled to issue its next earnings report on Monday, November 5th.

According to Zacks, analysts expect that National Storage Affiliates Trust will report full year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.32 to $1.36. For the next fiscal year, analysts expect that the company will post earnings of $1.48 per share, with EPS estimates ranging from $1.44 to $1.52. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings results on Monday, August 6th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.27). The firm had revenue of $79.72 million for the quarter, compared to analysts’ expectations of $79.68 million. National Storage Affiliates Trust had a net margin of 4.63% and a return on equity of 1.29%. The business’s quarterly revenue was up 23.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.31 earnings per share.

Several analysts have commented on NSA shares. Morgan Stanley increased their price target on shares of National Storage Affiliates Trust from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, June 14th. SunTrust Banks increased their price target on shares of National Storage Affiliates Trust from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Thursday, July 12th. DA Davidson set a $37.00 price target on shares of National Storage Affiliates Trust and gave the company a “buy” rating in a research report on Thursday, July 12th. Jefferies Financial Group lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating and set a $32.00 price target for the company. in a research report on Tuesday, July 17th. Finally, Zacks Investment Research raised shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, July 19th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. National Storage Affiliates Trust has a consensus rating of “Hold” and an average target price of $29.00.

In related news, Director Chad Leroy Meisinger acquired 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The stock was purchased at an average cost of $26.80 per share, with a total value of $268,000.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 13.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Neuburgh Advisers LLC raised its position in shares of National Storage Affiliates Trust by 43.2% in the 2nd quarter. Neuburgh Advisers LLC now owns 5,984 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 1,804 shares during the last quarter. Advisors Preferred LLC raised its position in shares of National Storage Affiliates Trust by 105.7% in the 2nd quarter. Advisors Preferred LLC now owns 3,548 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,823 shares during the last quarter. Riverhead Capital Management LLC raised its position in National Storage Affiliates Trust by 44.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,800 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 2,100 shares during the last quarter. Tyers Asset Management LLC raised its position in National Storage Affiliates Trust by 43.2% during the 2nd quarter. Tyers Asset Management LLC now owns 7,616 shares of the real estate investment trust’s stock worth $235,000 after buying an additional 2,296 shares during the last quarter. Finally, MetLife Investment Advisors LLC raised its position in National Storage Affiliates Trust by 13.6% during the 1st quarter. MetLife Investment Advisors LLC now owns 22,968 shares of the real estate investment trust’s stock worth $576,000 after buying an additional 2,744 shares during the last quarter. 84.97% of the stock is owned by hedge funds and other institutional investors.

Shares of NSA stock traded up $0.16 during mid-day trading on Friday, hitting $24.94. 374,120 shares of the stock traded hands, compared to its average volume of 399,561. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 2.35 and a beta of 0.48. 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 1.05, a quick ratio of 0.87 and a current ratio of 0.87.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 14th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Thursday, September 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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.

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

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