KeyCorp Comments on National Storage Affiliates’ FY2016 Earnings (NSA)
National Storage Affiliates (NYSE:NSA) – Equities research analysts at KeyCorp issued their FY2016 earnings per share estimates for National Storage Affiliates in a research note issued on Monday. KeyCorp analyst T. Thomas anticipates that the firm will post earnings per share of $1.06 for the year.
National Storage Affiliates (NYSE:NSA) last posted its earnings results on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.02. The business had revenue of $47.30 million for the quarter, compared to analyst estimates of $44.69 million. National Storage Affiliates had a net margin of 11.53% and a return on equity of 3.46%.
NSA has been the topic of a number of other research reports. DA Davidson set a $26.00 price target on shares of National Storage Affiliates and gave the company a “buy” rating in a report on Thursday, September 15th. Zacks Investment Research raised shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a report on Wednesday, July 6th. Jefferies Group dropped their price target on shares of National Storage Affiliates from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, August 10th. FBR & Co reaffirmed a “hold” rating on shares of National Storage Affiliates in a report on Monday, September 12th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 price target (up previously from $24.00) on shares of National Storage Affiliates in a report on Wednesday, July 6th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $22.79.
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National Storage Affiliates (NYSE:NSA) traded up 1.82% during mid-day trading on Wednesday, reaching $20.12. 226,006 shares of the company were exchanged. National Storage Affiliates has a one year low of $13.10 and a one year high of $22.86. The stock has a market capitalization of $467.01 million, a price-to-earnings ratio of 74.80 and a beta of 0.64. The stock has a 50 day moving average of $20.26 and a 200-day moving average of $20.69.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date is Tuesday, September 13th. National Storage Affiliates’s payout ratio is 338.47%.
Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in National Storage Affiliates by 265.5% in the second quarter. Vanguard Group Inc. now owns 3,275,083 shares of the real estate investment trust’s stock worth $68,186,000 after buying an additional 2,378,938 shares during the last quarter. Alliancebernstein L.P. boosted its stake in National Storage Affiliates by 13.5% in the second quarter. Alliancebernstein L.P. now owns 2,051,651 shares of the real estate investment trust’s stock worth $42,715,000 after buying an additional 244,283 shares during the last quarter. Forward Management LLC boosted its stake in National Storage Affiliates by 13.2% in the second quarter. Forward Management LLC now owns 1,195,000 shares of the real estate investment trust’s stock worth $24,880,000 after buying an additional 139,613 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in National Storage Affiliates by 23.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 836,986 shares of the real estate investment trust’s stock worth $17,426,000 after buying an additional 157,025 shares during the last quarter. Finally, Numeric Investors LLC boosted its stake in National Storage Affiliates by 427.7% in the second quarter. Numeric Investors LLC now owns 780,885 shares of the real estate investment trust’s stock worth $16,258,000 after buying an additional 632,909 shares during the last quarter. 97.09% of the stock is currently owned by institutional investors.
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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