National Storage Affiliates Trust (NYSE:NSA) is scheduled to announce its earnings results after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of $0.34 per share for the quarter. National Storage Affiliates Trust has set its FY18 guidance at $1.33-1.37 EPS.
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 analysts’ consensus estimates of $0.34 by ($0.27). National Storage Affiliates Trust had a net margin of 4.63% and a return on equity of 1.29%. The company had revenue of $79.72 million during the quarter, compared to the consensus estimate of $79.68 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 23.9% on a year-over-year basis. On average, analysts expect National Storage Affiliates Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE NSA opened at $27.31 on Wednesday. National Storage Affiliates Trust has a 12 month low of $23.10 and a 12 month high of $32.28. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 22.02, a P/E/G ratio of 2.45 and a beta of 0.48. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.87.
A number of equities research analysts have commented on NSA shares. Jefferies Financial Group upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $31.00 in a research report on Thursday, October 4th. Zacks Investment Research upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a research report on Thursday, July 19th. DA Davidson set a $37.00 target price on National Storage Affiliates Trust and gave the company a “buy” rating in a research report on Thursday, July 12th. ValuEngine upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Citigroup cut their target price on National Storage Affiliates Trust from $30.00 to $26.00 and set a “hold” rating on the stock in a research report on Friday, October 5th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.00.
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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.
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