National Storage Affiliates Trust (NSA) - Fairly Valued With Strong Growth Indicators
National Storage Affiliates Trust (NSA) shares moved -46.2% over the last 52 weeks, with a high of $70.04 and a low of $35.37. During this time, the stock lagged the S&P 500 index by -26.4%. 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. The mid-cap Real Estate company has 1,175 full time employees and is based in Greenwood Village, CO. National Storage Affiliates Trust has returned a 5.7% dividend yield over the last 12 months.
Exceptional Track Record of Eps Growth at the Expense of a Highly Leveraged Balance Sheet:
|Operating Margins Growth||n/a||6.45%||4.1%||9.46%|
|Net Margins Growth||n/a||-75.82%||992.23%||59.73%|
|Earnings Per Share||$0.07||$-0.15||$0.53||$0.98|
|Free Cash Flow (MM)||$142||$175||$204||$303|
|Capital Expenditures (MM)||$-19||$-21||$-17||$-28|
|Net Debt / EBITDA||6.68||6.65||7.21||7.65|
The Market Is Fairly Valuing National Storage Affiliates Trust :
Compared to the Real Estate sector's average of 27.16, National Storage Affiliates Trust has a trailing twelve month price to earnings (P/E) ratio of 39.7 and, based on its Eps guidance of 1.27, an expected P/E ratio of 28.8. The firm's price to earnings growth (PEG) is 3.69, which indicates that it is overvalued in terms of its expected rate of earnings growth. . National Storage Affiliates Trust's price to book (P/B) ratio is 2.3 compared to its sector average of 2.39.
As of the date of publication, the company's shares are trading 99.3% above their fair value as expressed by Benjamin Graham's formula. We calculate the Graham number as follows:
√(22.5 * TTM earnings per share * book value per share) = √(22.5 * 0.92 * 16.219) = $18.32
National Storage Affiliates Trust Is the Subject of Mixed Market Indicators :
11 analysts are following National Storage Affiliates Trust and have set target prices ranging from $40 to $53 per share. On average, they have given the company a rating of buy. At the current price of $36.52, NSA is trading -19.98% away from its average analyst target price of $45.64 per share, implying an analyst consensus of some upside potential for the stock. The company has an average amount of shares sold short since 3.6% of the company's shares are tied to short positions. Institutions own 89.1% of National Storage Affiliates Trust's shares, while the insider ownership rate stands at 7.68%. The biggest shareholder is the Vanguard Group, Inc. with a 14.50% stake in the company worth approximately $481,131,394.00.