$95.62 Million in Sales Expected for National Storage Affiliates Trust (NSA) This Quarter

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Wall Street analysts forecast that National Storage Affiliates Trust (NYSE:NSA) will announce sales of $95.62 million for the current quarter, Zacks reports. Three analysts have provided estimates for National Storage Affiliates Trust’s earnings, with the highest sales estimate coming in at $99.57 million and the lowest estimate coming in at $91.59 million. National Storage Affiliates Trust posted sales of $79.72 million in the same quarter last year, which suggests a positive year-over-year growth rate of 19.9%. The company is expected to report its next quarterly earnings results on Monday, August 5th.

According to Zacks, analysts expect that National Storage Affiliates Trust will report full-year sales of $380.34 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 post sales of $419.67 million, with estimates ranging from $357.86 million to $501.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover National Storage Affiliates Trust.

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

A number of equities research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. ValuEngine raised shares of National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.17.

A number of institutional investors have recently added to or reduced their stakes in NSA. BlackRock Inc. raised 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 valued at $303,829,000 after acquiring an additional 206,357 shares during the period. Vanguard Group Inc. raised its stake in shares of National Storage Affiliates Trust by 12.9% in the third quarter. Vanguard Group Inc. now owns 6,280,853 shares of the real estate investment trust’s stock valued at $159,785,000 after acquiring an additional 717,116 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in shares of National Storage Affiliates Trust by 2.7% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,261,149 shares of the real estate investment trust’s stock valued at $33,369,000 after acquiring an additional 33,425 shares during the period. Jennison Associates LLC raised its stake in shares of National Storage Affiliates Trust by 18.6% in the fourth quarter. Jennison Associates LLC now owns 1,005,575 shares of the real estate investment trust’s stock valued at $26,608,000 after acquiring an additional 157,988 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of National Storage Affiliates Trust by 1.6% in the fourth quarter. Bank of New York Mellon Corp now owns 851,649 shares of the real estate investment trust’s stock valued at $22,534,000 after acquiring an additional 13,719 shares during the period. 92.78% of the stock is currently owned by institutional investors.

National Storage Affiliates Trust stock opened at $29.88 on Tuesday. The firm has a market cap of $1.70 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 3.88 and a beta of 0.45. The company has a current ratio of 0.52, a quick ratio of 0.49 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 $32.28.

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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