Wall Street brokerages forecast that National Storage Affiliates Trust (NYSE:NSA) will post earnings of $0.36 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for National Storage Affiliates Trust’s earnings, with estimates ranging from $0.35 to $0.37. National Storage Affiliates Trust posted earnings per share of $0.32 in the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The firm is scheduled to issue its next earnings results after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that National Storage Affiliates Trust will report full-year earnings of $1.50 per share for the current fiscal year, with EPS estimates ranging from $1.50 to $1.51. For the next year, analysts anticipate that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.54 to $1.59. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, February 25th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.51). The company had revenue of $89.30 million for the quarter, compared to the consensus estimate of $91.12 million. National Storage Affiliates Trust had a net margin of 3.48% and a return on equity of 0.98%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share.

A number of equities research analysts have recently commented on the stock. ValuEngine lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Saturday, January 5th. Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Wednesday, December 26th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $30.17.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its position in National Storage Affiliates Trust by 174.8% during the first quarter. Nisa Investment Advisors LLC now owns 4,150 shares of the real estate investment trust’s stock worth $118,000 after purchasing an additional 2,640 shares during the period. Manning & Napier Group LLC raised its stake in shares of National Storage Affiliates Trust by 43.1% during the first quarter. Manning & Napier Group LLC now owns 66,165 shares of the real estate investment trust’s stock worth $1,886,000 after acquiring an additional 19,915 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of National Storage Affiliates Trust by 11.2% during the fourth quarter. Geode Capital Management LLC now owns 773,809 shares of the real estate investment trust’s stock worth $20,474,000 after acquiring an additional 77,996 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of National Storage Affiliates Trust by 9.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 829,317 shares of the real estate investment trust’s stock worth $21,944,000 after acquiring an additional 72,327 shares in the last quarter. Finally, Amalgamated Bank bought a new position in shares of National Storage Affiliates Trust in the fourth quarter worth approximately $220,000. Hedge funds and other institutional investors own 92.89% of the company’s stock.

Shares of National Storage Affiliates Trust stock opened at $28.18 on Friday. The company has a market cap of $1.60 billion, a P/E ratio of 20.42, a P/E/G ratio of 3.71 and a beta of 0.46. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.49 and a current ratio of 0.49. National Storage Affiliates Trust has a 1 year low of $24.44 and a 1 year high of $32.28.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $1.20 annualized dividend and a yield of 4.26%. National Storage Affiliates Trust’s payout ratio is 86.96%.

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.

Further Reading: Limitations of the P/E Growth ratio

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

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