Brokerages Anticipate National Storage Affiliates Trust (NSA) Will Announce Quarterly Sales of $88.03 Million
Brokerages expect that National Storage Affiliates Trust (NYSE:NSA) will announce sales of $88.03 million for the current quarter, Zacks reports. Four analysts have issued estimates for National Storage Affiliates Trust’s earnings, with estimates ranging from $80.32 million to $96.10 million. National Storage Affiliates Trust posted sales of $73.37 million during the same quarter last year, which would indicate a positive year over year growth rate of 20%. The company is scheduled to report its next earnings report on Monday, February 25th.
On average, analysts expect that National Storage Affiliates Trust will report full year sales of $326.99 million for the current financial year, with estimates ranging from $313.07 million to $338.90 million. For the next fiscal year, analysts expect that the business will report sales of $387.71 million, with estimates ranging from $355.85 million to $411.00 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that follow National Storage Affiliates Trust.
National Storage Affiliates Trust (NYSE:NSA) last issued its quarterly earnings results on Friday, November 2nd. The real estate investment trust reported $0.03 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.31). National Storage Affiliates Trust had a return on equity of 1.48% and a net margin of 5.37%. The company had revenue of $85.38 million for the quarter, compared to the consensus estimate of $86.37 million. During the same period in the previous year, the business posted $0.33 EPS. The business’s revenue for the quarter was up 24.0% on a year-over-year basis.
In other news, CEO Arlen Dale Nordhagen purchased 20,000 shares of the business’s stock in a transaction on Monday, November 5th. The stock was purchased at an average price of $26.30 per share, for a total transaction of $526,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Chad Leroy Meisinger purchased 10,000 shares of the business’s stock in a transaction on Friday, September 14th. The stock was purchased at an average price of $26.80 per share, with a total value of $268,000.00. The disclosure for this purchase can be found here. 13.10% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in NSA. Advisors Preferred LLC increased its holdings in National Storage Affiliates Trust by 105.7% in the 2nd quarter. Advisors Preferred LLC now owns 3,548 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,823 shares during the period. Eii Capital Management Inc. bought a new position in National Storage Affiliates Trust in the 2nd quarter valued at about $113,000. Point72 Hong Kong Ltd bought a new position in National Storage Affiliates Trust in the 3rd quarter valued at about $159,000. Quantbot Technologies LP bought a new position in National Storage Affiliates Trust in the 3rd quarter valued at about $163,000. Finally, Neuburgh Advisers LLC increased its holdings in National Storage Affiliates Trust by 43.2% in the 2nd quarter. Neuburgh Advisers LLC now owns 5,984 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 1,804 shares during the period. 85.36% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:NSA traded up $0.06 during trading hours on Monday, hitting $27.40. The stock had a trading volume of 228,572 shares, compared to its average volume of 396,332. National Storage Affiliates Trust has a 1-year low of $23.10 and a 1-year high of $32.28. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $1.54 billion, a P/E ratio of 22.10, a PEG ratio of 2.52 and a beta of 0.35.
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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.
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