Is it time to Buy before this week’s earning report National Storage Affiliates Trust (NYSE:NSA)

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Earnings results for National Storage Affiliates Trust (NYSE:NSA)

National Storage Affiliates Trust is expected* to report earnings on 11/05/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.41. The reported EPS for the same quarter last year was $0.4.

National Storage Affiliates Trust last announced its earnings results on August 6th, 2020. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.38 by $0.28. The company earned $104.40 million during the quarter, compared to analyst estimates of $102.38 million. Its revenue was up 9.4% compared to the same quarter last year. National Storage Affiliates Trust has generated $1.54 earnings per share over the last year and currently has a price-to-earnings ratio of 390.9. National Storage Affiliates Trust has confirmed that its next quarterly earnings report will be published on Thursday, November 5th, 2020.

Analyst Opinion on National Storage Affiliates Trust (NYSE:NSA)

8 Wall Street analysts have issued ratings and price targets for National Storage Affiliates Trust in the last 12 months. Their average twelve-month price target is $31.88, predicting that the stock has a possible downside of 9.39%. The high price target for NSA is $39.00 and the low price target for NSA is $26.00. There are currently 5 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of “Hold.”

National Storage Affiliates Trust has received a consensus rating of Hold. The company’s average rating score is 2.38, and is based on 3 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $31.88, National Storage Affiliates Trust has a forecasted downside of 9.4% from its current price of $35.18. National Storage Affiliates Trust has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: National Storage Affiliates Trust (NYSE:NSA)

National Storage Affiliates Trust pays a meaningful dividend of 3.89%, higher than the bottom 25% of all stocks that pay dividends. National Storage Affiliates Trust has been increasing its dividend for 5 years. The dividend payout ratio of National Storage Affiliates Trust is 88.31%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, National Storage Affiliates Trust will have a dividend payout ratio of 80.47% in the coming year. This indicates that National Storage Affiliates Trust may not be able to sustain their current dividend.

Insiders buying/selling: National Storage Affiliates Trust (NYSE:NSA)

In the past three months, National Storage Affiliates Trust insiders have not sold or bought any company stock. Only 12.20% of the stock of National Storage Affiliates Trust is held by insiders. 81.19% of the stock of National Storage Affiliates Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of National Storage Affiliates Trust (NYSE:NSA

Earnings for National Storage Affiliates Trust are expected to grow by 3.05% in the coming year, from $1.64 to $1.69 per share. The P/E ratio of National Storage Affiliates Trust is 390.93, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 19.27. The P/E ratio of National Storage Affiliates Trust is 390.93, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 18.45. National Storage Affiliates Trust has a P/B Ratio of 1.69. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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