National Storage Affiliates Trust (NYSE:NSA) Releases FY19 Earnings Guidance

National Storage Affiliates Trust (NYSE:NSA) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.51-1.54 for the period, compared to the Thomson Reuters consensus estimate of $1.52. National Storage Affiliates Trust also updated its FY 2019 guidance to $1.51-1.54 EPS.

NYSE:NSA traded down $0.11 during trading hours on Friday, reaching $30.48. 327,542 shares of the company’s stock were exchanged, compared to its average volume of 455,403. The stock has a market cap of $1.74 billion, a P/E ratio of 22.09, a P/E/G ratio of 3.95 and a beta of 0.35. National Storage Affiliates Trust has a 12 month low of $24.44 and a 12 month high of $30.71. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a 50-day moving average price of $29.47.

National Storage Affiliates Trust (NYSE:NSA) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.57). The business had revenue of $95.42 million for the quarter, compared to the consensus estimate 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 quarterly revenue was up 19.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.34 earnings per share. On average, sell-side analysts forecast that National Storage Affiliates Trust will post 1.52 EPS for the current year.

A number of analysts recently weighed in on NSA shares. ValuEngine upgraded shares of National Storage Affiliates Trust from a hold rating to a buy rating in a report on Tuesday, July 2nd. Zacks Investment Research cut shares of National Storage Affiliates Trust from a buy rating to a hold rating in a report on Tuesday, July 30th.

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.

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

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