Analysts expect National Storage Affiliates Trust (NYSE:NSA) to post $0.34 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for National Storage Affiliates Trust’s earnings, with estimates ranging from $0.32 to $0.36. National Storage Affiliates Trust posted earnings of $0.33 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The firm is expected to announce its next earnings results on Monday, November 5th.

On average, analysts expect that National Storage Affiliates Trust will report full year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.32 to $1.37. For the next fiscal year, analysts forecast that the firm will report earnings of $1.48 per share, with EPS estimates ranging from $1.46 to $1.52. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for National Storage Affiliates Trust.

National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Monday, August 6th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.27). National Storage Affiliates Trust had a return on equity of 1.29% and a net margin of 4.63%. The company had revenue of $79.72 million for the quarter, compared to analysts’ expectations of $79.68 million. During the same quarter last year, the company earned $0.31 EPS. National Storage Affiliates Trust’s revenue for the quarter was up 23.9% compared to the same quarter last year.

A number of research firms have recently commented on NSA. Jefferies Financial Group downgraded National Storage Affiliates Trust from a “buy” rating to a “hold” rating and set a $32.00 price objective on the stock. in a report on Tuesday, July 17th. SunTrust Banks increased their price objective on National Storage Affiliates Trust from $25.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, July 12th. DA Davidson set a $37.00 price objective on National Storage Affiliates Trust and gave the company a “buy” rating in a report on Thursday, July 12th. Zacks Investment Research downgraded National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 21st. Finally, Morgan Stanley increased their price objective on National Storage Affiliates Trust from $26.00 to $27.00 and gave the company an “equal weight” rating in a report on Thursday, June 14th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.36.

Shares of NSA traded down $0.49 during mid-day trading on Wednesday, reaching $26.85. The company’s stock had a trading volume of 330,233 shares, compared to its average volume of 296,417. National Storage Affiliates Trust has a 12-month low of $23.04 and a 12-month high of $32.28. The company has a market cap of $1.54 billion, a P/E ratio of 21.65, a PEG ratio of 2.52 and a beta of 0.46. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.87 and a current ratio of 0.87.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 14th will be given a $0.29 dividend. The ex-dividend date is Thursday, September 13th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.32%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is presently 93.55%.

Several hedge funds and other institutional investors have recently made changes to their positions in NSA. Rhumbline Advisers boosted its position in shares of National Storage Affiliates Trust by 10.2% in the 1st quarter. Rhumbline Advisers now owns 126,097 shares of the real estate investment trust’s stock valued at $3,163,000 after purchasing an additional 11,657 shares during the period. Comerica Bank boosted its position in shares of National Storage Affiliates Trust by 4.3% in the 1st quarter. Comerica Bank now owns 53,066 shares of the real estate investment trust’s stock valued at $1,351,000 after purchasing an additional 2,178 shares during the period. New York State Teachers Retirement System boosted its position in shares of National Storage Affiliates Trust by 17.0% in the 1st quarter. New York State Teachers Retirement System now owns 37,190 shares of the real estate investment trust’s stock valued at $933,000 after purchasing an additional 5,400 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in shares of National Storage Affiliates Trust by 18.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 48,104 shares of the real estate investment trust’s stock valued at $1,206,000 after purchasing an additional 7,510 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of National Storage Affiliates Trust by 109.6% in the 1st quarter. SG Americas Securities LLC now owns 8,727 shares of the real estate investment trust’s stock valued at $219,000 after purchasing an additional 4,564 shares during the period. 84.97% of the stock is owned by hedge funds and other institutional investors.

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

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