National Storage Affiliates Trust (NYSE:NSA) – Research analysts at FBR & Co decreased their Q2 2018 earnings per share (EPS) estimates for shares of National Storage Affiliates Trust in a report issued on Wednesday. FBR & Co analyst D. Corak now expects that the real estate investment trust will post earnings of $0.34 per share for the quarter, down from their previous estimate of $0.35. FBR & Co also issued estimates for National Storage Affiliates Trust’s Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.32 EPS, Q1 2019 earnings at $0.32 EPS, Q2 2019 earnings at $0.35 EPS, Q3 2019 earnings at $0.38 EPS and FY2019 earnings at $1.40 EPS.

Several other research analysts have also recently issued reports on the stock. BidaskClub cut shares of National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 11th. KeyCorp restated a “hold” rating on shares of National Storage Affiliates Trust in a report on Friday, August 25th. Jefferies Group LLC lowered their target price on shares of National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating for the company in a report on Friday, August 18th. Zacks Investment Research cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Finally, Robert W. Baird restated a “buy” rating and issued a $27.00 target price on shares of National Storage Affiliates Trust in a report on Wednesday. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. National Storage Affiliates Trust has an average rating of “Hold” and a consensus price target of $24.75.

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National Storage Affiliates Trust (NYSE:NSA) traded up 0.04% during midday trading on Thursday, hitting $24.22. 57,112 shares of the stock traded hands. The company has a 50-day moving average price of $23.93 and a 200 day moving average price of $23.93. National Storage Affiliates Trust has a one year low of $18.91 and a one year high of $24.86. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 92.80 and a beta of 0.79.

The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 4.30%. The ex-dividend date was Thursday, September 14th. National Storage Affiliates Trust’s payout ratio is 800.06%.

In other news, CEO Arlen Dale Nordhagen sold 30,000 shares of the company’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $22.06, for a total value of $661,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 17.70% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of National Storage Affiliates Trust by 61.6% in the 2nd quarter. BlackRock Inc. now owns 6,334,470 shares of the real estate investment trust’s stock valued at $146,391,000 after buying an additional 2,413,808 shares in the last quarter. Vanguard Group Inc. boosted its stake in National Storage Affiliates Trust by 7.0% during the 2nd quarter. Vanguard Group Inc. now owns 5,417,433 shares of the real estate investment trust’s stock worth $125,198,000 after purchasing an additional 352,766 shares during the period. State Street Corp boosted its stake in National Storage Affiliates Trust by 24.6% during the 2nd quarter. State Street Corp now owns 1,653,310 shares of the real estate investment trust’s stock worth $38,211,000 after purchasing an additional 326,792 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in National Storage Affiliates Trust by 65.8% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,504,950 shares of the real estate investment trust’s stock worth $34,779,000 after purchasing an additional 597,325 shares during the period. Finally, Lazard Asset Management LLC boosted its stake in National Storage Affiliates Trust by 34.5% during the 2nd quarter. Lazard Asset Management LLC now owns 1,368,950 shares of the real estate investment trust’s stock worth $31,636,000 after purchasing an additional 351,178 shares during the period. Institutional investors and hedge funds own 97.38% of the company’s stock.

National Storage Affiliates Trust 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 operating partnership subsidiary is NSA OP, LP.

Earnings History and Estimates for National Storage Affiliates Trust (NYSE:NSA)

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