National Storage Affiliates Trust (NYSE:NSA) announced its quarterly earnings data on Thursday. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28), MarketWatch Earnings reports. The company had revenue of $90.57 million during the quarter, compared to the consensus estimate of $93.25 million. National Storage Affiliates Trust had a return on equity of 0.98% and a net margin of 3.48%. The business’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 EPS. National Storage Affiliates Trust updated its FY19 guidance to $1.48-1.52 EPS.
NSA stock traded up $0.05 during mid-day trading on Friday, hitting $30.13. The company had a trading volume of 440,912 shares, compared to its average volume of 324,107. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 3.85 and a beta of 0.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.49 and a current ratio of 0.49. National Storage Affiliates Trust has a 12 month low of $24.44 and a 12 month high of $32.28.
Several brokerages have commented on NSA. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. ValuEngine lowered shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday, April 5th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $30.17.
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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