Q4 2019 Earnings Estimate for National Storage Affiliates Trust Issued By Jefferies Financial Group (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) – Equities research analysts at Jefferies Financial Group reduced their Q4 2019 earnings per share (EPS) estimates for National Storage Affiliates Trust in a research note issued to investors on Sunday, November 10th. Jefferies Financial Group analyst J. Petersen now anticipates that the real estate investment trust will earn $0.38 per share for the quarter, down from their previous forecast of $0.39. Jefferies Financial Group also issued estimates for National Storage Affiliates Trust’s FY2020 earnings at $1.63 EPS and FY2021 earnings at $1.69 EPS.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.59). National Storage Affiliates Trust had a negative net margin of 4.87% and a negative return on equity of 1.45%. The business had revenue of $101.34 million for the quarter, compared to analysts’ expectations of $100.49 million. During the same period last year, the business earned $0.36 earnings per share. The company’s quarterly revenue was up 18.7% on a year-over-year basis.

A number of other research firms also recently weighed in on NSA. Wells Fargo & Co increased their target price on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Morgan Stanley increased their target price on National Storage Affiliates Trust from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, September 16th. BMO Capital Markets reissued a “hold” rating and issued a $26.00 target price on shares of National Storage Affiliates Trust in a report on Thursday, October 31st. ValuEngine downgraded National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, Stifel Nicolaus began coverage on National Storage Affiliates Trust in a report on Monday, August 19th. They issued a “buy” rating and a $36.00 target price on the stock. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. National Storage Affiliates Trust currently has a consensus rating of “Hold” and an average target price of $34.00.

National Storage Affiliates Trust stock opened at $32.64 on Tuesday. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.64 and a quick ratio of 0.64. National Storage Affiliates Trust has a one year low of $25.11 and a one year high of $35.76. The stock has a market capitalization of $1.92 billion, a PE ratio of 23.65, a price-to-earnings-growth ratio of 4.14 and a beta of 0.32. The business’s fifty day moving average is $33.91 and its 200 day moving average is $31.45.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in National Storage Affiliates Trust by 3.3% in the second quarter. Vanguard Group Inc. now owns 6,624,526 shares of the real estate investment trust’s stock valued at $191,714,000 after acquiring an additional 213,375 shares during the period. Invesco Ltd. raised its stake in shares of National Storage Affiliates Trust by 228.9% in the second quarter. Invesco Ltd. now owns 2,041,493 shares of the real estate investment trust’s stock worth $59,081,000 after buying an additional 1,420,851 shares during the period. Nuveen Asset Management LLC bought a new position in shares of National Storage Affiliates Trust in the second quarter worth about $45,783,000. Renaissance Technologies LLC raised its stake in shares of National Storage Affiliates Trust by 5.4% in the second quarter. Renaissance Technologies LLC now owns 1,527,814 shares of the real estate investment trust’s stock worth $44,215,000 after buying an additional 78,100 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of National Storage Affiliates Trust by 2.9% in the second quarter. Jennison Associates LLC now owns 991,750 shares of the real estate investment trust’s stock worth $28,701,000 after buying an additional 28,036 shares during the period. 93.19% of the stock is currently owned by 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 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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