National Storage Affiliates Trust (NYSE:NSA) - Equities research analysts at Capital One Financial upped their FY2021 earnings per share estimates for shares of National Storage Affiliates Trust in a research report issued to clients and investors on Tuesday, November 23rd. Capital One Financial analyst N. Malkin now anticipates that the real estate investment trust will post earnings of $2.22 per share for the year, up from their previous forecast of $2.14. Capital One Financial also issued estimates for National Storage Affiliates Trust's Q4 2021 earnings at $0.61 EPS, Q1 2022 earnings at $0.63 EPS, Q2 2022 earnings at $0.66 EPS, Q3 2022 earnings at $0.68 EPS, Q4 2022 earnings at $0.66 EPS, FY2022 earnings at $2.62 EPS, Q1 2023 earnings at $0.65 EPS, Q2 2023 earnings at $0.67 EPS, Q3 2023 earnings at $0.71 EPS and FY2023 earnings at $2.72 EPS.
A number of other brokerages have also issued reports on NSA. Berenberg Bank initiated coverage on shares of National Storage Affiliates Trust in a research note on Thursday, October 7th. They set a "buy" rating and a $61.00 price target on the stock. Truist Securities upped their price target on shares of National Storage Affiliates Trust from $48.00 to $57.00 and gave the company a "hold" rating in a research note on Monday, August 30th. Zacks Investment Research upgraded shares of National Storage Affiliates Trust from a "hold" rating to a "buy" rating and set a $69.00 price target on the stock in a research note on Wednesday, November 17th. Truist increased their price objective on shares of National Storage Affiliates Trust from $48.00 to $57.00 and gave the stock a "hold" rating in a research note on Monday, August 30th. Finally, Bank of America assumed coverage on shares of National Storage Affiliates Trust in a research note on Wednesday, September 15th. They issued a "neutral" rating and a $60.00 price objective on the stock. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $55.82.
NYSE NSA opened at $63.31 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.05. National Storage Affiliates Trust has a 52 week low of $33.01 and a 52 week high of $64.98. The firm has a market cap of $5.64 billion, a PE ratio of 71.94, a price-to-earnings-growth ratio of 2.25 and a beta of 0.45. The company has a 50 day moving average price of $58.86 and a 200 day moving average price of $54.30. National Storage Affiliates Trust (NYSE:NSA) last posted its quarterly earnings data on Tuesday, November 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.11). National Storage Affiliates Trust had a return on equity of 6.45% and a net margin of 18.59%. During the same quarter in the prior year, the business posted $0.44 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 30th. Investors of record on Wednesday, December 15th will be given a dividend of $0.45 per share. This is a boost from National Storage Affiliates Trust's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 2.84%. The ex-dividend date is Tuesday, December 14th. National Storage Affiliates Trust's dividend payout ratio (DPR) is presently 186.37%.
A number of institutional investors have recently added to or reduced their stakes in NSA. Marshall Wace North America L.P. increased its position in National Storage Affiliates Trust by 21.6% during the first quarter. Marshall Wace North America L.P. now owns 1,886 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 335 shares during the last quarter. FMR LLC purchased a new position in shares of National Storage Affiliates Trust in the first quarter valued at approximately $32,000. First Trust Advisors LP boosted its stake in shares of National Storage Affiliates Trust by 625.5% in the first quarter. First Trust Advisors LP now owns 78,207 shares of the real estate investment trust's stock valued at $2,230,000 after purchasing an additional 67,428 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in shares of National Storage Affiliates Trust by 10.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 85,306 shares of the real estate investment trust's stock valued at $2,431,000 after purchasing an additional 8,230 shares during the period. Finally, Royal Bank of Canada boosted its stake in shares of National Storage Affiliates Trust by 17.6% in the first quarter. Royal Bank of Canada now owns 41,062 shares of the real estate investment trust's stock valued at $1,639,000 after purchasing an additional 6,137 shares during the period. Hedge funds and other institutional investors own 70.83% of the company's stock.
National Storage Affiliates Trust Company Profile
National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.
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