Wall Street analysts expect that National Storage Affiliates Trust (NYSE:NSA) will report $76.15 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for National Storage Affiliates Trust’s earnings, with the lowest sales estimate coming in at $73.98 million and the highest estimate coming in at $78.30 million. National Storage Affiliates Trust reported sales of $61.56 million during the same quarter last year, which indicates a positive year-over-year growth rate of 23.7%. The business is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, May 2nd.
On average, analysts expect that National Storage Affiliates Trust will report full year sales of $329.66 million for the current fiscal year, with estimates ranging from $315.94 million to $340.00 million. For the next financial year, analysts forecast that the company will post sales of $381.20 million per share, with estimates ranging from $356.41 million to $418.00 million. Zacks Investment Research’s 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 results on Monday, February 26th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.39). The business had revenue of $73.37 million for the quarter, compared to analysts’ expectations of $71.04 million. National Storage Affiliates Trust had a net margin of 1.10% and a return on equity of 0.30%.
In other National Storage Affiliates Trust news, Director Mourick Mark Van sold 13,667 shares of the stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $25.64, for a total transaction of $350,421.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 13.10% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. grew its holdings in National Storage Affiliates Trust by 71.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 238,563 shares of the real estate investment trust’s stock worth $6,503,000 after acquiring an additional 99,551 shares in the last quarter. Lazard Asset Management LLC grew its holdings in National Storage Affiliates Trust by 5.7% during the 4th quarter. Lazard Asset Management LLC now owns 1,327,446 shares of the real estate investment trust’s stock worth $36,186,000 after acquiring an additional 71,928 shares in the last quarter. Ellington Management Group LLC bought a new position in National Storage Affiliates Trust during the 4th quarter worth about $303,000. Anchor Capital Advisors LLC bought a new stake in shares of National Storage Affiliates Trust in the 4th quarter valued at about $275,000. Finally, Wells Fargo & Company MN boosted its holdings in shares of National Storage Affiliates Trust by 56.7% in the 4th quarter. Wells Fargo & Company MN now owns 274,766 shares of the real estate investment trust’s stock valued at $7,490,000 after buying an additional 99,367 shares in the last quarter. Institutional investors own 93.35% of the company’s stock.
National Storage Affiliates Trust stock traded up $0.21 during mid-day trading on Wednesday, reaching $25.50. 314,399 shares of the company’s stock traded hands, compared to its average volume of 394,372. The company has a market cap of $1,272.84, a price-to-earnings ratio of 20.49, a PEG ratio of 2.33 and a beta of 0.58. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.87. National Storage Affiliates Trust has a 12-month low of $21.17 and a 12-month high of $28.55.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 4.39%. The ex-dividend date was Wednesday, March 14th. National Storage Affiliates Trust’s payout ratio is 90.32%.
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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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.
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