National Storage Affiliates Trust (NSA) Expected to Announce Earnings of $0.35 Per Share

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Analysts predict that National Storage Affiliates Trust (NYSE:NSA) will post earnings of $0.35 per share for the current quarter, according to Zacks. Three analysts have made estimates for National Storage Affiliates Trust’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.34. National Storage Affiliates Trust reported earnings per share of $0.32 during the same quarter last year, which suggests a positive year over year growth rate of 9.4%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, February 25th.

On average, analysts expect that National Storage Affiliates Trust will report full-year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.35 to $1.37. For the next financial year, analysts expect that the company will post earnings of $1.49 per share, with EPS estimates ranging from $1.47 to $1.51. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover National Storage Affiliates Trust.

A number of analysts have recently commented on the company. ValuEngine raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th. Zacks Investment Research raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Tuesday, December 11th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $28.63.

In other National Storage Affiliates Trust news, CFO Tamara D. Fischer acquired 1,200 shares of National Storage Affiliates Trust stock in a transaction that occurred on Friday, November 30th. The shares were acquired at an average cost of $23.80 per share, with a total value of $28,560.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arlen Dale Nordhagen acquired 4,000 shares of National Storage Affiliates Trust stock in a transaction that occurred on Friday, December 7th. The stock was acquired at an average cost of $22.53 per share, for a total transaction of $90,120.00. The disclosure for this purchase can be found here. Insiders purchased 5,500 shares of company stock worth $125,379 in the last 90 days. 13.10% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in NSA. California Public Employees Retirement System increased its holdings in National Storage Affiliates Trust by 13.9% in the second quarter. California Public Employees Retirement System now owns 29,526 shares of the real estate investment trust’s stock worth $910,000 after purchasing an additional 3,597 shares in the last quarter. Advisors Asset Management Inc. boosted its position in National Storage Affiliates Trust by 27.4% in the second quarter. Advisors Asset Management Inc. now owns 18,980 shares of the real estate investment trust’s stock worth $585,000 after purchasing an additional 4,081 shares during the last quarter. Bank of New York Mellon Corp boosted its position in National Storage Affiliates Trust by 3.1% in the second quarter. Bank of New York Mellon Corp now owns 755,761 shares of the real estate investment trust’s stock worth $23,293,000 after purchasing an additional 22,838 shares during the last quarter. Northern Trust Corp lifted its position in shares of National Storage Affiliates Trust by 0.9% during the 2nd quarter. Northern Trust Corp now owns 873,353 shares of the real estate investment trust’s stock valued at $26,916,000 after buying an additional 7,924 shares during the last quarter. Finally, United Services Automobile Association lifted its position in shares of National Storage Affiliates Trust by 36.1% during the 2nd quarter. United Services Automobile Association now owns 12,663 shares of the real estate investment trust’s stock valued at $390,000 after buying an additional 3,357 shares during the last quarter. 92.36% of the stock is currently owned by institutional investors and hedge funds.

NSA stock traded up $0.20 on Friday, reaching $29.13. 310,662 shares of the company were exchanged, compared to its average volume of 274,469. National Storage Affiliates Trust has a 12 month low of $23.10 and a 12 month high of $32.28. The firm has a market capitalization of $1.65 billion, a P/E ratio of 23.49, a price-to-earnings-growth ratio of 2.65 and a beta of 0.49. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97.

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 669 self storage properties located in 34 states and Puerto Rico with approximately 42.5 million rentable square feet.

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