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TSLA   421.94 (-2.06%)
NVDA   545.82 (+1.09%)
BABA   309.81 (+1.48%)
CGC   18.88 (-4.69%)
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AMD   81.56 (-0.54%)
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FB   267.56 (+2.36%)
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FY2020 EPS Estimates for National Storage Affiliates Trust Raised by Jefferies Financial Group (NYSE:NSA)

Thursday, October 15, 2020 | MarketBeat

National Storage Affiliates Trust (NYSE:NSA) - Research analysts at Jefferies Financial Group raised their FY2020 earnings estimates for shares of National Storage Affiliates Trust in a research note issued on Tuesday, October 13th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings per share of $1.67 for the year, up from their prior forecast of $1.61. National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.38 by ($0.28). National Storage Affiliates Trust had a net margin of 5.19% and a return on equity of 1.81%. The firm had revenue of $104.40 million for the quarter, compared to analysts' expectations of $102.38 million. During the same period last year, the firm posted $0.38 EPS. National Storage Affiliates Trust's revenue was up 9.4% on a year-over-year basis.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered National Storage Affiliates Trust from a "buy" rating to a "hold" rating in a research note on Wednesday. BMO Capital Markets began coverage on shares of National Storage Affiliates Trust in a research note on Tuesday, July 21st. They set a "hold" rating and a $32.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of National Storage Affiliates Trust from $32.00 to $37.00 and gave the company an "overweight" rating in a research note on Tuesday, September 22nd. Morgan Stanley lifted their price objective on shares of National Storage Affiliates Trust from $28.00 to $33.00 and gave the company an "equal weight" rating in a research note on Monday, September 21st. Finally, TheStreet upgraded shares of National Storage Affiliates Trust from a "d+" rating to a "c-" rating in a research note on Friday, June 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. National Storage Affiliates Trust currently has an average rating of "Hold" and an average price target of $32.56.

NSA stock opened at $33.91 on Friday. The stock has a 50-day moving average price of $34.03 and a two-hundred day moving average price of $30.59. National Storage Affiliates Trust has a 12-month low of $19.34 and a 12-month high of $38.22. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 1.51. The company has a market cap of $2.33 billion, a PE ratio of 376.82 and a beta of 0.46.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date was Monday, September 14th. This is an increase from National Storage Affiliates Trust's previous quarterly dividend of $0.33. National Storage Affiliates Trust's payout ratio is currently 88.31%.

Institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. bought a new position in National Storage Affiliates Trust in the 3rd quarter worth $218,000. Cox Capital Mgt LLC increased its holdings in shares of National Storage Affiliates Trust by 2.7% during the 3rd quarter. Cox Capital Mgt LLC now owns 26,382 shares of the real estate investment trust's stock worth $863,000 after purchasing an additional 705 shares during the period. Principal Financial Group Inc. increased its holdings in shares of National Storage Affiliates Trust by 3.2% during the 2nd quarter. Principal Financial Group Inc. now owns 473,387 shares of the real estate investment trust's stock worth $13,567,000 after purchasing an additional 14,538 shares during the period. Ninety One SA PTY Ltd increased its holdings in shares of National Storage Affiliates Trust by 8.9% during the 2nd quarter. Ninety One SA PTY Ltd now owns 33,700 shares of the real estate investment trust's stock worth $1,133,000 after purchasing an additional 2,757 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of National Storage Affiliates Trust by 67.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,558 shares of the real estate investment trust's stock worth $216,000 after purchasing an additional 3,041 shares during the period. 81.19% 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. As of June 30, 2020, the Company held ownership interests in and operated 784 self storage properties located in 35 states and Puerto Rico with approximately 49.2 million rentable square feet.

Further Reading: Why are analyst ratings important in trading stocks?

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

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