$80.73 Million in Sales Expected for National Storage (NSA) This Quarter

Equities analysts predict that National Storage (NYSE:NSA) will report $80.73 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for National Storage’s earnings, with estimates ranging from $78.99 million to $82.30 million. National Storage posted sales of $64.34 million during the same quarter last year, which suggests a positive year-over-year growth rate of 25.5%. The company is scheduled to announce its next earnings report on Wednesday, August 1st.

According to Zacks, analysts expect that National Storage will report full year sales of $330.54 million for the current year, with estimates ranging from $324.69 million to $340.00 million. For the next financial year, analysts anticipate that the firm will report sales of $384.37 million per share, with estimates ranging from $367.17 million to $418.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow National Storage.

National Storage (NYSE:NSA) last announced its earnings results on Thursday, May 3rd. The real estate investment trust reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.14. The business had revenue of $76.49 million for the quarter, compared to analyst estimates of $76.72 million. National Storage had a return on equity of 1.24% and a net margin of 4.55%. The company’s quarterly revenue was up 24.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 EPS.

A number of equities analysts have recently issued reports on the company. ValuEngine cut National Storage from a “buy” rating to a “hold” rating in a report on Thursday. TheStreet upgraded National Storage from a “d+” rating to a “c” rating in a report on Monday, April 23rd. BMO Capital Markets assumed coverage on National Storage in a report on Friday, April 6th. They issued a “market perform” rating and a $26.00 price objective for the company. Jefferies Group set a $30.00 price objective on National Storage and gave the stock a “buy” rating in a report on Monday, March 5th. Finally, B. Riley upped their price objective on National Storage from $23.00 to $24.00 and gave the stock a “neutral” rating in a report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.25.

Shares of National Storage traded up $0.14, reaching $26.18, during midday trading on Wednesday, according to Marketbeat. The stock had a trading volume of 299,503 shares, compared to its average volume of 252,608. National Storage has a 12-month low of $21.17 and a 12-month high of $28.55. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $1.32 billion, a P/E ratio of 21.11, a PEG ratio of 2.41 and a beta of 0.58.

In related news, Director Mourick Mark Van sold 13,667 shares of the stock in a transaction dated Friday, March 16th. The stock was sold at an average price of $25.64, for a total transaction of $350,421.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 13.10% of the company’s stock.

A number of hedge funds have recently modified their holdings of the stock. Xact Kapitalforvaltning AB purchased a new stake in National Storage during the 1st quarter valued at about $339,000. Legal & General Group Plc boosted its holdings in National Storage by 24.3% during the 1st quarter. Legal & General Group Plc now owns 237,566 shares of the real estate investment trust’s stock valued at $5,966,000 after acquiring an additional 46,484 shares during the period. California State Teachers Retirement System boosted its holdings in National Storage by 9.8% during the 1st quarter. California State Teachers Retirement System now owns 76,696 shares of the real estate investment trust’s stock valued at $1,924,000 after acquiring an additional 6,830 shares during the period. Element Capital Management LLC purchased a new stake in National Storage during the 1st quarter valued at about $493,000. Finally, Barclays PLC boosted its holdings in National Storage by 97.2% during the 1st quarter. Barclays PLC now owns 83,697 shares of the real estate investment trust’s stock valued at $2,099,000 after acquiring an additional 41,263 shares during the period. Institutional investors own 93.13% of the company’s stock.

National Storage Company Profile

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

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