Research Analysts Set Expectations for National Storage Affiliates’ FY2017 Earnings (NSA)
National Storage Affiliates (NYSE:NSA) – Investment analysts at KeyCorp raised their FY2017 earnings per share (EPS) estimates for shares of National Storage Affiliates in a research note issued on Monday. KeyCorp analyst T. Thomas now forecasts that the brokerage will earn $1.22 per share for the year, up from their prior forecast of $1.20.
National Storage Affiliates (NYSE:NSA) last posted its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.02. National Storage Affiliates had a return on equity of 3.46% and a net margin of 11.53%. The company had revenue of $47.30 million for the quarter, compared to analysts’ expectations of $44.69 million.
A number of other equities research analysts have also recently commented on the stock. DA Davidson set a $26.00 target price on shares of National Storage Affiliates and gave the company a “buy” rating in a report on Thursday, September 15th. FBR & Co reaffirmed a “hold” rating on shares of National Storage Affiliates in a report on Monday, September 12th. Jefferies Group cut their price target on shares of National Storage Affiliates from $24.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, August 10th. Zacks Investment Research raised shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Friday, August 5th. Finally, Robert W. Baird reissued an “outperform” rating and set a $25.00 price target (up from $24.00) on shares of National Storage Affiliates in a report on Wednesday, July 6th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $22.50.
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National Storage Affiliates (NYSE:NSA) traded up 0.36% during midday trading on Tuesday, reaching $19.71. The company had a trading volume of 120,670 shares. National Storage Affiliates has a 1-year low of $13.10 and a 1-year high of $22.86. The stock has a market capitalization of $457.49 million, a PE ratio of 73.27 and a beta of 0.64. The firm’s 50 day moving average is $20.32 and its 200 day moving average is $20.69.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be given a dividend of $0.22 per share. The ex-dividend date is Tuesday, September 13th. This represents a $0.88 annualized dividend and a yield of 4.48%. National Storage Affiliates’s payout ratio is currently 338.47%.
A number of hedge funds and other institutional investors have recently modified their holdings of NSA. IFP Advisors Inc raised its position in shares of National Storage Affiliates by 146.5% in the second quarter. IFP Advisors Inc now owns 7,992 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 4,750 shares during the last quarter. Sigma Planning Corp bought a new position in shares of National Storage Affiliates during the second quarter valued at $208,000. Brant Point Investment Management LLC bought a new position in shares of National Storage Affiliates during the second quarter valued at $208,000. Tower Research Capital LLC TRC bought a new position in shares of National Storage Affiliates during the second quarter valued at $232,000. Finally, Squarepoint Ops LLC bought a new position in shares of National Storage Affiliates during the first quarter valued at $237,000. Institutional investors own 97.09% of the company’s stock.
About National Storage Affiliates
National Storage Affiliates Trust (NSA) is a real estate investment trust focused on the ownership, operation, and acquisition of self-storage properties located within the metropolitan statistical areas throughout the United States. It serves as the general partner of, and operates its business through its operating partnership subsidiary, NSA OP, LP.
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