Q1 2019 Earnings Forecast for National Storage Affiliates Trust Issued By SunTrust Banks (NSA)

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National Storage Affiliates Trust (NYSE:NSA) – SunTrust Banks dropped their Q1 2019 EPS estimates for shares of National Storage Affiliates Trust in a report released on Monday, March 18th. SunTrust Banks analyst K. Kim now expects that the real estate investment trust will post earnings of $0.35 per share for the quarter, down from their prior forecast of $0.36. SunTrust Banks also issued estimates for National Storage Affiliates Trust’s Q3 2019 earnings at $0.38 EPS, Q4 2019 earnings at $0.38 EPS, FY2019 earnings at $1.49 EPS, FY2020 earnings at $1.55 EPS, FY2021 earnings at $1.61 EPS, FY2022 earnings at $1.64 EPS and FY2023 earnings at $1.69 EPS.

National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, February 25th. The real estate investment trust reported ($0.16) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.51). National Storage Affiliates Trust had a net margin of 3.48% and a return on equity of 0.98%. The company had revenue of $89.30 million during the quarter, compared to the consensus estimate of $91.12 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The business’s revenue was up 21.2% on a year-over-year basis.

Other analysts have also recently issued reports about the company. Zacks Investment Research upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating and set a $33.00 target price on the stock in a report on Tuesday, December 11th. ValuEngine upgraded National Storage Affiliates Trust from a “hold” rating to a “buy” rating in a report on Tuesday, November 20th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $29.71.

Shares of NSA stock opened at $27.52 on Wednesday. National Storage Affiliates Trust has a one year low of $24.30 and a one year high of $32.28. The company has a market capitalization of $1.57 billion, a P/E ratio of 19.94, a P/E/G ratio of 3.52 and a beta of 0.46. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 1.04.

Several large investors have recently modified their holdings of the company. Piedmont Investment Advisors Inc. raised its position in shares of National Storage Affiliates Trust by 3.4% during the fourth quarter. Piedmont Investment Advisors Inc. now owns 13,462 shares of the real estate investment trust’s stock worth $356,000 after purchasing an additional 442 shares during the period. Comerica Bank raised its position in shares of National Storage Affiliates Trust by 1.1% during the fourth quarter. Comerica Bank now owns 55,233 shares of the real estate investment trust’s stock worth $1,558,000 after purchasing an additional 619 shares during the period. LPL Financial LLC raised its position in shares of National Storage Affiliates Trust by 4.1% during the fourth quarter. LPL Financial LLC now owns 16,809 shares of the real estate investment trust’s stock worth $445,000 after purchasing an additional 667 shares during the period. State of Alaska Department of Revenue raised its position in shares of National Storage Affiliates Trust by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 37,430 shares of the real estate investment trust’s stock worth $989,000 after purchasing an additional 718 shares during the period. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of National Storage Affiliates Trust by 2.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 35,800 shares of the real estate investment trust’s stock worth $947,000 after purchasing an additional 800 shares during the period. 92.89% of the stock is currently owned by institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date is Thursday, March 14th. National Storage Affiliates Trust’s payout ratio is 86.96%.

National Storage Affiliates Trust 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 669 self storage properties located in 34 states and Puerto Rico with approximately 42.5 million rentable square feet.

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

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