Q4 2019 EPS Estimates for National Storage Affiliates Trust Cut by Analyst (NSA)

National Storage Affiliates Trust (NYSE:NSA) – Investment analysts at SunTrust Banks lowered their Q4 2019 EPS estimates for National Storage Affiliates Trust in a research note issued on Monday, May 13th. SunTrust Banks analyst K. Kim now expects that the real estate investment trust will post earnings of $0.38 per share for the quarter, down from their previous forecast of $0.39.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data 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). National Storage Affiliates Trust had a net margin of 1.71% and a return on equity of 0.49%. The company had revenue of $90.57 million for the quarter, compared to analyst estimates of $93.25 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s revenue for the quarter was up 18.4% compared to the same quarter last year.

Other research analysts have also issued research reports about the company. Zacks Investment Research upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research report on Wednesday, February 13th. ValuEngine raised National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, January 29th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.17.

NYSE:NSA opened at $29.93 on Thursday. National Storage Affiliates Trust has a 12-month low of $24.44 and a 12-month high of $32.28. The company has a market cap of $1.70 billion, a P/E ratio of 21.69, a P/E/G ratio of 3.93 and a beta of 0.45. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 1.17.

Institutional investors and hedge funds have recently bought and sold shares of the company. Tompkins Financial Corp bought a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth $29,000. Quantamental Technologies LLC bought a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth $44,000. Advisory Alpha LLC bought a new stake in shares of National Storage Affiliates Trust in the 1st quarter worth $45,000. NumerixS Investment Technologies Inc raised its stake in shares of National Storage Affiliates Trust by 1,700.0% in the 4th quarter. NumerixS Investment Technologies Inc now owns 1,800 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 1,700 shares in the last quarter. Finally, Marshall Wace North America L.P. raised 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 worth $54,000 after buying an additional 335 shares in the last quarter. 92.11% of the stock is currently owned by institutional investors.

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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