Brokerages Expect National Storage Affiliates Trust (NYSE:NSA) Will Announce Quarterly Sales of $94.58 Million

Analysts predict that National Storage Affiliates Trust (NYSE:NSA) will announce $94.58 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for National Storage Affiliates Trust’s earnings. The lowest sales estimate is $91.59 million and the highest is $96.84 million. National Storage Affiliates Trust reported sales of $79.72 million during the same quarter last year, which indicates a positive year-over-year growth rate of 18.6%. The firm is scheduled to announce its next quarterly earnings results on Monday, August 5th.

On average, analysts expect that National Storage Affiliates Trust will report full-year sales of $378.53 million for the current financial year, with estimates ranging from $347.79 million to $409.00 million. For the next year, analysts forecast that the firm will report sales of $418.14 million, with estimates ranging from $357.86 million to $501.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). National Storage Affiliates Trust had a net margin of 1.71% and a return on equity of 0.49%. The business had revenue of $90.57 million during the quarter, compared to the consensus estimate of $93.25 million. During the same period last year, the business posted $0.32 earnings per share. The firm’s quarterly revenue was up 18.4% on a year-over-year basis.

A number of research firms recently issued reports on NSA. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 12th. ValuEngine downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Friday, April 5th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. National Storage Affiliates Trust presently has a consensus rating of “Hold” and an average price target of $30.17.

Shares of National Storage Affiliates Trust stock traded down $0.20 during trading hours on Thursday, reaching $29.62. The company’s stock had a trading volume of 469,900 shares, compared to its average volume of 334,558. National Storage Affiliates Trust has a one year low of $24.44 and a one year high of $32.28. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 3.89 and a beta of 0.41. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date of this dividend is Thursday, June 13th. This is an increase from National Storage Affiliates Trust’s previous quarterly dividend of $0.30. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 86.96%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of National Storage Affiliates Trust by 2.0% in the first quarter. BlackRock Inc. now owns 10,656,928 shares of the real estate investment trust’s stock worth $303,829,000 after purchasing an additional 206,357 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of National Storage Affiliates Trust by 4.7% in the 1st quarter. Wellington Management Group LLP now owns 2,573,901 shares of the real estate investment trust’s stock worth $73,382,000 after acquiring an additional 114,894 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of National Storage Affiliates Trust by 3.6% in the 1st quarter. Renaissance Technologies LLC now owns 1,449,714 shares of the real estate investment trust’s stock worth $41,331,000 after acquiring an additional 50,500 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of National Storage Affiliates Trust by 18.6% in the 4th quarter. Jennison Associates LLC now owns 1,005,575 shares of the real estate investment trust’s stock worth $26,608,000 after acquiring an additional 157,988 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of National Storage Affiliates Trust by 1.6% in the 4th quarter. Bank of New York Mellon Corp now owns 851,649 shares of the real estate investment trust’s stock worth $22,534,000 after acquiring an additional 13,719 shares during the last quarter. Institutional investors and hedge funds own 92.20% 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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