National Storage Affiliates Trust (NYSE:NSA) – Analysts at FBR & Co lifted their FY2018 earnings per share estimates for National Storage Affiliates Trust in a report released on Wednesday. FBR & Co analyst D. Corak now anticipates that the real estate investment trust will post earnings per share of $1.35 for the year, up from their prior estimate of $1.34. FBR & Co currently has a “Hold” rating and a $23.00 target price on the stock.

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Several other brokerages have also issued reports on NSA. Robert W. Baird reaffirmed a “buy” rating and issued a $27.00 target price on shares of National Storage Affiliates Trust in a research note on Wednesday. BidaskClub raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 28th. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. KeyCorp reaffirmed a “hold” rating on shares of National Storage Affiliates Trust in a research note on Friday, August 25th. Finally, Jefferies Group LLC reduced their price objective on shares of National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.75.

National Storage Affiliates Trust (NYSE NSA) remained flat at $24.12 during trading on Friday. 163,339 shares of the company’s stock were exchanged. National Storage Affiliates Trust has a 12-month low of $18.91 and a 12-month high of $24.86. The company has a market cap of $1.07 billion, a P/E ratio of 92.41 and a beta of 0.79. The firm has a 50-day moving average of $23.94 and a 200 day moving average of $23.94.

Hedge funds have recently made changes to their positions in the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in National Storage Affiliates Trust by 15.5% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 126,655 shares of the real estate investment trust’s stock worth $2,927,000 after buying an additional 17,030 shares during the period. Vanguard Group Inc. raised its holdings in National Storage Affiliates Trust by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 5,064,667 shares of the real estate investment trust’s stock worth $121,046,000 after buying an additional 273,843 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in National Storage Affiliates Trust by 0.7% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 27,740 shares of the real estate investment trust’s stock worth $663,000 after buying an additional 200 shares during the period. Bank of New York Mellon Corp raised its holdings in National Storage Affiliates Trust by 19.7% during the 1st quarter. Bank of New York Mellon Corp now owns 329,457 shares of the real estate investment trust’s stock worth $7,874,000 after buying an additional 54,238 shares during the period. Finally, Wellington Management Group LLP raised its holdings in National Storage Affiliates Trust by 23.4% during the 1st quarter. Wellington Management Group LLP now owns 534,772 shares of the real estate investment trust’s stock worth $12,781,000 after buying an additional 101,400 shares during the period. Hedge funds and other institutional investors own 97.38% of the company’s stock.

In other National Storage Affiliates Trust news, CEO Arlen Dale Nordhagen sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $22.06, for a total transaction of $661,800.00. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 17.70% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Thursday, September 14th. National Storage Affiliates Trust’s payout ratio is 800.06%.

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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