Equities research analysts expect National Storage Affiliates Trust (NYSE:NSA) to report $67.03 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for National Storage Affiliates Trust’s earnings, with the lowest sales estimate coming in at $65.03 million and the highest estimate coming in at $68.60 million. National Storage Affiliates Trust posted sales of $52.95 million in the same quarter last year, which suggests a positive year over year growth rate of 26.6%. The business is scheduled to report its next quarterly earnings report after the market closes on Monday, November 6th.

On average, analysts expect that National Storage Affiliates Trust will report full year sales of $67.03 million for the current year, with estimates ranging from $256.42 million to $269.11 million. For the next year, analysts anticipate that the business will report sales of $312.14 million per share, with estimates ranging from $268.82 million to $329.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow National Storage Affiliates Trust.

NSA has been the subject of a number of research reports. BidaskClub downgraded National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 11th. Jefferies Group LLC reduced their price objective on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. FBR & Co set a $23.00 price objective on National Storage Affiliates Trust and gave the stock a “hold” rating in a research note on Wednesday, October 4th. Zacks Investment Research cut National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Finally, KeyCorp restated a “hold” rating on shares of National Storage Affiliates Trust in a research note on Friday, August 25th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. National Storage Affiliates Trust has an average rating of “Hold” and an average target price of $24.75.

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National Storage Affiliates Trust (NYSE NSA) opened at 24.75 on Wednesday. The company’s 50-day moving average price is $23.73 and its 200 day moving average price is $23.43. National Storage Affiliates Trust has a 1-year low of $18.91 and a 1-year high of $26.15. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 94.83 and a beta of 0.79.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date of this dividend was Thursday, September 14th. National Storage Affiliates Trust’s dividend payout ratio is presently 800.06%.

In other National Storage Affiliates Trust news, CEO Arlen Dale Nordhagen sold 30,000 shares of the business’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $22.06, for a total transaction of $661,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 17.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of NSA. Great West Life Assurance Co. Can lifted its stake in shares of National Storage Affiliates Trust by 6.1% during the first quarter. Great West Life Assurance Co. Can now owns 23,041 shares of the real estate investment trust’s stock worth $550,000 after purchasing an additional 1,319 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of National Storage Affiliates Trust by 15.4% during the first quarter. First Trust Advisors LP now owns 14,104 shares of the real estate investment trust’s stock worth $337,000 after purchasing an additional 1,877 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of National Storage Affiliates Trust by 19.7% during the first quarter. Bank of New York Mellon Corp now owns 329,457 shares of the real estate investment trust’s stock worth $7,874,000 after purchasing an additional 54,238 shares in the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of National Storage Affiliates Trust by 560.4% during the first quarter. UBS Asset Management Americas Inc. now owns 63,394 shares of the real estate investment trust’s stock worth $1,515,000 after purchasing an additional 53,794 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of National Storage Affiliates Trust by 71.5% during the first quarter. JPMorgan Chase & Co. now owns 164,633 shares of the real estate investment trust’s stock worth $3,935,000 after purchasing an additional 68,633 shares in the last quarter. Institutional investors own 97.38% of the company’s stock.

National Storage Affiliates Trust Company Profile

National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s operating partnership subsidiary is NSA OP, LP.

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

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