National Storage Affiliates Trust (NYSE:NSA) posted its earnings results on Sunday. The real estate investment trust reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.05, MarketWatch Earnings reports. The business had revenue of $114.11 million for the quarter, compared to the consensus estimate of $108.19 million. National Storage Affiliates Trust had a net margin of 10.42% and a return on equity of 3.72%. The company’s revenue for the quarter was up 13.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS.
Shares of NYSE NSA opened at $38.03 on Tuesday. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 1.53. National Storage Affiliates Trust has a 12 month low of $19.34 and a 12 month high of $38.86. The company has a 50 day simple moving average of $36.95 and a two-hundred day simple moving average of $34.93. The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 86.43 and a beta of 0.38.
NSA has been the topic of a number of research reports. Morgan Stanley raised their target price on shares of National Storage Affiliates Trust from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 9th. BMO Capital Markets raised shares of National Storage Affiliates Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $32.00 to $42.00 in a research report on Thursday, January 7th. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a research report on Friday. Evercore ISI assumed coverage on shares of National Storage Affiliates Trust in a research report on Friday, January 8th. They issued an “outperform” rating and a $42.00 price objective on the stock. Finally, Truist lifted their price objective on shares of National Storage Affiliates Trust from $32.00 to $36.00 in a research report on Thursday, December 31st. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. National Storage Affiliates Trust currently has a consensus rating of “Hold” and a consensus target price of $35.00.
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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