National Storage Affiliates Trust Forecasted to Earn Q1 2023 Earnings of $0.72 Per Share (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA – Get Rating) – Investment analysts at Jefferies Financial Group upped their Q1 2023 EPS estimates for National Storage Affiliates Trust in a research report issued on Tuesday, March 7th. Jefferies Financial Group analyst J. Petersen now forecasts that the real estate investment trust will post earnings of $0.72 per share for the quarter, up from their prior estimate of $0.68. The consensus estimate for National Storage Affiliates Trust’s current full-year earnings is $2.87 per share. Jefferies Financial Group also issued estimates for National Storage Affiliates Trust’s Q2 2023 earnings at $0.72 EPS, FY2023 earnings at $2.85 EPS, FY2024 earnings at $2.89 EPS and FY2025 earnings at $3.16 EPS.

National Storage Affiliates Trust (NYSE:NSA – Get Rating) last issued its earnings results on Tuesday, February 28th. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.40). The firm had revenue of $208.72 million during the quarter, compared to analysts’ expectations of $204.82 million. National Storage Affiliates Trust had a net margin of 12.94% and a return on equity of 4.64%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.64 EPS.

Other analysts also recently issued research reports about the stock. Morgan Stanley lowered their target price on shares of National Storage Affiliates Trust from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Wednesday, December 14th. Wolfe Research began coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, January 17th. They issued a “peer perform” rating for the company. Citigroup cut their price objective on shares of National Storage Affiliates Trust from $56.50 to $41.00 in a research report on Wednesday, December 14th. StockNews.com raised shares of National Storage Affiliates Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th. Finally, Truist Financial dropped their price target on shares of National Storage Affiliates Trust from $57.00 to $44.00 in a research report on Monday, December 5th. Seven research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.89.

National Storage Affiliates Trust Stock Down 4.2 %

Shares of NYSE:NSA opened at $40.44 on Friday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 40.44, a PEG ratio of 2.20 and a beta of 0.72. The firm’s 50-day simple moving average is $40.24 and its 200-day simple moving average is $41.34. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 1.64. National Storage Affiliates Trust has a fifty-two week low of $34.90 and a fifty-two week high of $67.44.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of National Storage Affiliates Trust by 1.4% during the first quarter. Vanguard Group Inc. now owns 13,004,835 shares of the real estate investment trust’s stock worth $816,183,000 after purchasing an additional 179,504 shares during the period. State Street Corp raised its holdings in shares of National Storage Affiliates Trust by 14.1% during the first quarter. State Street Corp now owns 4,844,317 shares of the real estate investment trust’s stock worth $304,029,000 after purchasing an additional 598,640 shares during the period. Invesco Ltd. raised its holdings in shares of National Storage Affiliates Trust by 4.9% during the first quarter. Invesco Ltd. now owns 2,638,737 shares of the real estate investment trust’s stock worth $165,608,000 after purchasing an additional 122,899 shares during the period. Thrivent Financial for Lutherans increased its holdings in shares of National Storage Affiliates Trust by 6.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 2,039,540 shares of the real estate investment trust’s stock worth $84,804,000 after acquiring an additional 126,706 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in shares of National Storage Affiliates Trust by 1.4% in the 3rd quarter. Nuveen Asset Management LLC now owns 1,966,883 shares of the real estate investment trust’s stock worth $81,783,000 after acquiring an additional 27,884 shares during the period. 85.26% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Chairman Arlen Dale Nordhagen bought 21,500 shares of the firm’s stock in a transaction dated Friday, December 16th. The stock was acquired at an average cost of $36.77 per share, for a total transaction of $790,555.00. Following the completion of the purchase, the chairman now owns 4,086,351 shares of the company’s stock, valued at $150,255,126.27. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Chad Leroy Meisinger acquired 30,000 shares of National Storage Affiliates Trust stock in a transaction on Monday, December 12th. The shares were purchased at an average cost of $38.61 per share, for a total transaction of $1,158,300.00. Following the purchase, the director now directly owns 70,750 shares of the company’s stock, valued at approximately $2,731,657.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Arlen Dale Nordhagen acquired 21,500 shares of National Storage Affiliates Trust stock in a transaction on Friday, December 16th. The shares were bought at an average price of $36.77 per share, for a total transaction of $790,555.00. Following the completion of the purchase, the chairman now directly owns 4,086,351 shares in the company, valued at $150,255,126.27. The disclosure for this purchase can be found here. Insiders own 11.80% of the company’s stock.

National Storage Affiliates Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 30th. Shareholders of record on Wednesday, March 15th will be paid a dividend of $0.55 per share. The ex-dividend date is Tuesday, March 14th. This represents a $2.20 annualized dividend and a yield of 5.44%. National Storage Affiliates Trust’s dividend payout ratio is currently 220.00%.

About National Storage Affiliates Trust

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National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.