FY2016 EPS Estimates for National Storage Affiliates (NSA) Increased by Analyst
National Storage Affiliates (NYSE:NSA) – Analysts at Jefferies Group raised their FY2016 earnings estimates for shares of National Storage Affiliates in a research report issued to clients and investors on Wednesday. Jefferies Group analyst G. Hoglund now forecasts that the brokerage will post earnings of $1.11 per share for the year, up from their previous estimate of $1.10. Jefferies Group currently has a “Buy” rating and a $24.00 target price on the stock. Jefferies Group also issued estimates for National Storage Affiliates’ Q4 2016 earnings at $0.30 EPS, Q1 2017 earnings at $0.31 EPS, Q2 2017 earnings at $0.33 EPS, Q3 2017 earnings at $0.35 EPS, Q4 2017 earnings at $0.33 EPS and FY2018 earnings at $1.47 EPS.
National Storage Affiliates (NYSE:NSA) last released its earnings results on Monday, August 8th. The real estate investment trust reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.02. The company earned $47.30 million during the quarter, compared to analysts’ expectations of $44.69 million. National Storage Affiliates had a return on equity of 3.46% and a net margin of 11.53%.
Other equities research analysts have also recently issued reports about the company. DA Davidson started coverage on National Storage Affiliates in a research note on Friday, June 24th. They set a “buy” rating and a $25.00 price objective on the stock. Zacks Investment Research raised National Storage Affiliates from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research note on Wednesday, July 6th. FBR & Co reissued a “hold” rating on shares of National Storage Affiliates in a research note on Monday, September 12th. Finally, Robert W. Baird reissued an “outperform” rating and set a $25.00 price objective (up from $24.00) on shares of National Storage Affiliates in a research note on Wednesday, July 6th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. National Storage Affiliates currently has an average rating of “Buy” and a consensus target price of $22.79.
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National Storage Affiliates (NYSE:NSA) traded up 2.58% on Thursday, reaching $21.04. The company had a trading volume of 123,410 shares. National Storage Affiliates has a 52 week low of $13.10 and a 52 week high of $22.86. The company has a market capitalization of $488.36 million, a P/E ratio of 78.22 and a beta of 0.64. The stock’s 50-day moving average is $20.23 and its 200-day moving average is $20.69.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc boosted its position in 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 worth $166,000 after buying an additional 4,750 shares in the last quarter. Brant Point Investment Management LLC acquired a new position in National Storage Affiliates during the second quarter worth approximately $208,000. Sigma Planning Corp acquired a new position in National Storage Affiliates during the second quarter worth approximately $208,000. Tower Research Capital LLC TRC acquired a new position in National Storage Affiliates during the second quarter worth approximately $232,000. Finally, Squarepoint Ops LLC acquired a new position in National Storage Affiliates during the first quarter worth approximately $237,000. 97.09% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 4.29%. National Storage Affiliates’s dividend payout ratio is 338.47%.
National Storage Affiliates Company Profile
National Storage Affiliates Trust is an integrated, self-administered and self-managed real estate investment trust. The Company is focused on the ownership, operation and acquisition of self-storage properties located within various metropolitan statistical areas (MSAs) across the United States. The Company’s segment consists of investments in self-storage properties located in the United States.
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