National Storage Affiliates Trust (NYSE:NSA) announced its quarterly earnings data on Sunday. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05, MarketWatch Earnings reports. The business had revenue of $114.11 million during the quarter, compared to analyst estimates of $108.19 million. National Storage Affiliates Trust had a return on equity of 3.72% and a net margin of 10.42%. National Storage Affiliates Trust’s revenue was up 13.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.40 earnings per share.
Shares of National Storage Affiliates Trust stock opened at $38.03 on Tuesday. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 86.43 and a beta of 0.38. The firm’s 50-day moving average is $36.95 and its 200 day moving average is $34.93. National Storage Affiliates Trust has a 1 year low of $19.34 and a 1 year high of $38.86. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.41 and a quick ratio of 0.41.
NSA has been the subject of several recent research reports. BMO Capital Markets upgraded National Storage Affiliates Trust from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $32.00 to $42.00 in a research report on Thursday, January 7th. Wells Fargo & Company boosted their target price on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock an “overweight” rating in a research report on Monday, November 16th. Zacks Investment Research cut National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday. Morgan Stanley boosted their target price on National Storage Affiliates Trust from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 9th. Finally, Truist boosted their target price on National Storage Affiliates Trust from $32.00 to $36.00 in a research note on Thursday, December 31st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $35.00.
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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