National Storage Affiliates Trust to Post FY2019 Earnings of $1.52 Per Share, Jefferies Financial Group Forecasts (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) – Research analysts at Jefferies Financial Group lowered their FY2019 earnings estimates for shares of National Storage Affiliates Trust in a report released on Monday, October 14th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $1.52 for the year, down from their prior estimate of $1.53. Jefferies Financial Group also issued estimates for National Storage Affiliates Trust’s Q3 2020 earnings at $0.41 EPS, FY2020 earnings at $1.61 EPS, Q1 2021 earnings at $0.42 EPS and FY2021 earnings at $1.68 EPS.

National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported ($0.19) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.57). National Storage Affiliates Trust had a negative return on equity of 0.41% and a negative net margin of 1.41%. The firm had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $95.75 million. During the same quarter last year, the firm posted $0.34 earnings per share. National Storage Affiliates Trust’s quarterly revenue was up 19.7% on a year-over-year basis.

Several other equities research analysts have also commented on NSA. BMO Capital Markets set a $26.00 price objective on National Storage Affiliates Trust and gave the stock a “hold” rating in a research note on Friday, August 2nd. Stifel Nicolaus initiated coverage on National Storage Affiliates Trust in a research note on Monday, August 19th. They set a “buy” rating and a $36.00 price objective for the company. Zacks Investment Research lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Wednesday. Wells Fargo & Co boosted their price objective on National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Finally, Robert W. Baird set a $37.00 price objective on National Storage Affiliates Trust and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $34.00.

NYSE:NSA opened at $34.52 on Tuesday. National Storage Affiliates Trust has a 12 month low of $25.11 and a 12 month high of $34.80. The stock has a 50 day moving average of $33.53 and a two-hundred day moving average of $30.73. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. The firm has a market cap of $2.02 billion, a P/E ratio of 25.01, a price-to-earnings-growth ratio of 4.37 and a beta of 0.32.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 13th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.28 annualized dividend and a yield of 3.71%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is currently 92.75%.

Several institutional investors have recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. acquired a new position in shares of National Storage Affiliates Trust during the 3rd quarter worth approximately $204,000. Manning & Napier Group LLC boosted its holdings in shares of National Storage Affiliates Trust by 51.0% during the 3rd quarter. Manning & Napier Group LLC now owns 99,880 shares of the real estate investment trust’s stock worth $3,332,000 after purchasing an additional 33,715 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of National Storage Affiliates Trust by 21.5% during the 3rd quarter. State of Alaska Department of Revenue now owns 50,418 shares of the real estate investment trust’s stock worth $1,681,000 after purchasing an additional 8,923 shares during the last quarter. Luminus Management LLC acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $9,732,000. Finally, Walleye Trading LLC acquired a new position in shares of National Storage Affiliates Trust during the 2nd quarter worth approximately $325,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

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 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.

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

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