National Storage Affiliates Trust Forecasted to Earn Q3 2019 Earnings of $0.38 Per Share (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) – Analysts at Jefferies Financial Group lowered their Q3 2019 earnings per share (EPS) estimates for shares of National Storage Affiliates Trust in a note issued to investors on Monday, August 12th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will earn $0.38 per share for the quarter, down from their previous estimate of $0.39. Jefferies Financial Group also issued estimates for National Storage Affiliates Trust’s Q1 2020 earnings at $0.40 EPS, Q2 2020 earnings at $0.41 EPS, Q4 2020 earnings at $0.39 EPS, FY2020 earnings at $1.60 EPS, Q2 2021 earnings at $0.43 EPS and FY2021 earnings at $1.66 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 analysts’ consensus estimates of $0.38 by ($0.57). The company had revenue of $95.42 million for the quarter, compared to analysts’ expectations of $95.75 million. National Storage Affiliates Trust had a negative return on equity of 0.41% and a negative net margin of 1.41%. The company’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.34 EPS.

Other analysts have also issued reports about the company. ValuEngine raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Zacks Investment Research lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Finally, BMO Capital Markets set a $26.00 price target on National Storage Affiliates Trust and gave the stock a “hold” rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. National Storage Affiliates Trust has a consensus rating of “Hold” and an average target price of $29.25.

National Storage Affiliates Trust stock opened at $32.07 on Wednesday. The stock has a 50-day moving average price of $29.96 and a 200 day moving average price of $29.18. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 1.17. National Storage Affiliates Trust has a 52 week low of $24.44 and a 52 week high of $32.37. The stock has a market cap of $1.89 billion, a PE ratio of 23.24, a P/E/G ratio of 4.16 and a beta of 0.35.

Large investors have recently modified their holdings of the business. Tompkins Financial Corp acquired a new stake in National Storage Affiliates Trust in the 1st quarter worth about $29,000. FMR LLC acquired a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at about $32,000. Quantamental Technologies LLC acquired a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at about $44,000. Advisory Alpha LLC acquired a new position in shares of National Storage Affiliates Trust in the 1st quarter valued at about $45,000. Finally, Marshall Wace North America L.P. lifted its stake in shares of National Storage Affiliates Trust by 21.6% in the 1st quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 335 shares in the last quarter. 88.31% of the stock is currently owned by hedge funds and other institutional investors.

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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