National Storage Affiliates Trust to Post Q3 2019 Earnings of $0.40 Per Share, KeyCorp Forecasts (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) – Equities researchers at KeyCorp boosted their Q3 2019 earnings estimates for shares of National Storage Affiliates Trust in a research note issued to investors on Sunday, August 18th. KeyCorp analyst T. Thomas now anticipates that the real estate investment trust will post earnings per share of $0.40 for the quarter, up from their previous forecast of $0.39. KeyCorp also issued estimates for National Storage Affiliates Trust’s Q4 2019 earnings at $0.38 EPS, Q1 2020 earnings at $0.39 EPS, Q2 2020 earnings at $0.41 EPS and Q3 2020 earnings at $0.43 EPS.

National Storage Affiliates Trust (NYSE:NSA) last posted its earnings results 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). The company 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%. National Storage Affiliates Trust’s quarterly revenue was up 19.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.34 EPS.

Other equities analysts also recently issued research reports about the company. Robert W. Baird set a $37.00 target price on National Storage Affiliates Trust and gave the stock a “buy” rating in a research report on Wednesday. Wells Fargo & Co raised their target price on National Storage Affiliates Trust from $32.00 to $36.00 and gave the stock an “outperform” rating in a research report on Wednesday. Stifel Nicolaus began coverage on National Storage Affiliates Trust in a research report on Monday. They set a “buy” rating and a $36.00 target price for the company. Zacks Investment Research downgraded National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, July 30th. Finally, ValuEngine upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $32.29.

National Storage Affiliates Trust stock opened at $33.57 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.37 and a quick ratio of 0.37. The company has a market capitalization of $1.95 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 4.22 and a beta of 0.35. National Storage Affiliates Trust has a one year low of $24.44 and a one year high of $33.80. The business has a 50 day simple moving average of $30.53 and a 200 day simple moving average of $29.32.

Institutional investors and hedge funds have recently modified their holdings of the business. Tompkins Financial Corp bought a new position in National Storage Affiliates Trust in the 1st quarter valued at $29,000. FMR LLC bought a new position in National Storage Affiliates Trust in the 1st quarter valued at $32,000. Quantamental Technologies LLC bought a new position in National Storage Affiliates Trust in the 1st quarter valued at $44,000. Advisory Alpha LLC bought a new position in National Storage Affiliates Trust in the 1st quarter valued at $45,000. Finally, Marshall Wace North America L.P. increased 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 buying an additional 335 shares during the period. Hedge funds and other institutional investors own 89.27% 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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