National Storage Affiliates Trust (NYSE:NSA) – Equities research analysts at KeyCorp increased their FY2020 earnings per share (EPS) estimates for shares of National Storage Affiliates Trust in a report issued on Monday, June 10th. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will earn $1.60 per share for the year, up from their previous forecast of $1.56.
NSA has been the topic of several other reports. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. ValuEngine lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 5th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $30.33.
Shares of NYSE:NSA opened at $29.62 on Wednesday. National Storage Affiliates Trust has a 12 month low of $24.44 and a 12 month high of $32.28. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1.71 billion, a P/E ratio of 21.46, a P/E/G ratio of 3.89 and a beta of 0.41.
National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.28). National Storage Affiliates Trust had a return on equity of 0.49% and a net margin of 1.71%. The company had revenue of $90.57 million for the quarter, compared to analyst estimates of $93.25 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. National Storage Affiliates Trust’s revenue was up 18.4% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be given a dividend of $0.32 per share. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Thursday, June 13th. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 86.96%.
A number of institutional investors have recently modified their holdings of the business. Tompkins Financial Corp bought a new position in shares of National Storage Affiliates Trust during the first quarter valued at $29,000. FMR LLC bought a new position in shares of National Storage Affiliates Trust during the first quarter valued at $32,000. Quantamental Technologies LLC bought a new position in shares of National Storage Affiliates Trust in the first quarter valued at about $44,000. Advisory Alpha LLC bought a new position in shares of National Storage Affiliates Trust in the first quarter valued at about $45,000. Finally, NumerixS Investment Technologies Inc increased its position in National Storage Affiliates Trust by 1,700.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,700 shares during the period. 92.20% of the stock is currently owned by institutional investors.
About National Storage Affiliates Trust
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.
Further Reading: Beta
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