An Analysis Of National Storage Affiliates Trust (NYSE: NSA), And Its Business Forecast – Marketing Sentinel
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An Analysis Of National Storage Affiliates Trust (NYSE: NSA), And Its Business Forecast

In today’s recent session, 2.7 million shares of the National Storage Affiliates Trust (NYSE:NSA) have been traded, and its beta is 0.39. Most recently the company’s share price was $52.40, and it changed around -$0.9 or -1.69% from the last close, which brings the market valuation of the company to $4.09B. NSA at last check was trading at a discount to its 52-week high of $53.98, offering almost -3.02% off that amount. The share price’s 52-week low was $28.88, which indicates that the recent value has risen by an impressive 44.89% since then. We note from National Storage Affiliates Trust’s average daily trading volume that its 10-day average is 0.53 million shares, with the 3-month average coming to 899.05K.

National Storage Affiliates Trust stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 11 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended NSA as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. National Storage Affiliates Trust is expected to report earnings per share of $0.3 for the current quarter.

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National Storage Affiliates Trust (NYSE:NSA) trade information

Instantly NSA has been showing red trend so far today with a performance of -1.69% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 53.98 on Tuesday, 07/20/21 increased the stock’s daily price by 2.93%. The company’s shares are currently up 47.93% year-to-date, but still up 1.10% over the last five days. On the other hand, National Storage Affiliates Trust (NYSE:NSA) is 8.47% up in the 30-day period. We can see from the shorts that 1.26 million shares have been sold at a short interest cover period of 1.91 day(s).

The consensus price target as assigned by Wall Street analysts is $53.60, which translates to bulls needing to increase their stock price by 2.24% from its current value. Analyst projections state that NSA is forecast to be at a low of $48.00 and a high of $60.00. In order for the stock price to hit the forecast high, the stock would need to plunge -14.5% from its current level, while the stock would need to crash 8.4% from its current level to reach the projected low.

National Storage Affiliates Trust (NSA) estimates and forecasts

National Storage Affiliates Trust share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 46.19 percent over the past six months and at a 16.37% annual growth rate that is well above the industry average of 2.90%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain 200.00% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be 16.90%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of $126.68 million in revenue for the current quarter. 3 analysts expect National Storage Affiliates Trust to make $129.78 million in revenue for the quarter ending Sep 2021. Analysts predict that the company’s current quarter sales will jump, forecast at 23.70%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 14.20%. National Storage Affiliates Trust earnings are expected to increase by 467.20% in 2021, but the outlook is positive 11.00% per year for the next five years.

NSA Dividends

National Storage Affiliates Trust’s next quarterly earnings report is expected to be released around August 04 and August 09. The annual dividend yield of the stock is 2.85 percent and its annual dividend per share was 1.52. It is important to note, however, that the 2.85% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.93 per year.

National Storage Affiliates Trust (NYSE:NSA)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 9.30% of National Storage Affiliates Trust shares, and 85.80% of them are in the hands of institutional investors. The stock currently has a share float of 94.61%. National Storage Affiliates Trust stock is held by 331 institutions, with Blackrock Inc. being the largest institutional investor. By Mar 30, 2021, it held 16.40% of the shares, which is about 12.56 million shares worth $501.59 million.

Vanguard Group, Inc. (The), with 13.01% or 9.96 million shares worth $397.84 million as of Mar 30, 2021, holds the second largest percentage of outstanding shares.

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Vanguard Specialized-Real Estate Index Fund and iShares Core S&P Midcap ETF were the top two Mutual Funds as of Apr 29, 2021. The former held 3.13 million shares worth $142.24 million, making up 4.09% of all outstanding shares. On the other hand, iShares Core S&P Midcap ETF held roughly 1.75 million shares worth around $80.56 million, which represents about 2.28% of the total shares outstanding.

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