National Storage Affiliates Trust (NYSE:NSA) Issues FY21 Earnings Guidance

National Storage Affiliates Trust (NYSE:NSA) issued an update on its FY21 earnings guidance on Monday morning. The company provided EPS guidance of $1.81-1.86 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.80. The company issued revenue guidance of +3-4.5% (implying $445-452 million), compared to the consensus revenue estimate of $460.90 million.National Storage Affiliates Trust also updated its FY 2021
After-Hours guidance to 1.81-1.86 EPS.

Shares of NYSE NSA opened at $38.03 on Tuesday. The stock has a market cap of $2.63 billion, a PE ratio of 86.43 and a beta of 0.38. The company has a quick ratio of 0.41, a current ratio of 0.41 and a debt-to-equity ratio of 1.53. National Storage Affiliates Trust has a 52-week low of $19.34 and a 52-week high of $38.86. The business has a 50-day moving average price of $36.95 and a 200 day moving average price of $34.93.

National Storage Affiliates Trust (NYSE:NSA) last released its quarterly earnings data on Sunday, February 21st. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.05. National Storage Affiliates Trust had a return on equity of 3.72% and a net margin of 10.42%. The firm had revenue of $114.11 million during the quarter, compared to the consensus estimate of $108.19 million. During the same period last year, the business posted $0.40 EPS. National Storage Affiliates Trust’s quarterly revenue was up 13.5% on a year-over-year basis. Sell-side analysts anticipate that National Storage Affiliates Trust will post 1.69 earnings per share for the current year.

Several equities analysts recently weighed in on the company. Morgan Stanley raised their price objective on National Storage Affiliates Trust from $33.00 to $35.00 and gave the company an equal weight rating in a research note on Wednesday, December 9th. Wells Fargo & Company raised their price target on National Storage Affiliates Trust from $37.00 to $39.00 and gave the stock an overweight rating in a research report on Monday, November 16th. BMO Capital Markets raised National Storage Affiliates Trust from a market perform rating to an outperform rating and raised their price target for the stock from $32.00 to $42.00 in a research report on Thursday, January 7th. Truist raised their price target on National Storage Affiliates Trust from $32.00 to $36.00 in a research report on Thursday, December 31st. Finally, Evercore ISI assumed coverage on National Storage Affiliates Trust in a research report on Friday, January 8th. They set an outperform rating and a $42.00 price target for the company. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $35.00.

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. As of September 30, 2020, the Company held ownership interests in and operated 788 self storage properties located in 35 states and Puerto Rico with approximately 49.5 million rentable square feet.

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

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