National Storage Affiliates Trust (NYSE:NSA) – Research analysts at B. Riley lowered their Q2 2018 earnings estimates for shares of National Storage Affiliates Trust in a report released on Tuesday. B. Riley analyst D. Corak now anticipates that the real estate investment trust will post earnings of $0.34 per share for the quarter, down from their prior estimate of $0.35. B. Riley has a “Hold” rating and a $23.00 price objective on the stock. B. Riley also issued estimates for National Storage Affiliates Trust’s FY2018 earnings at $1.35 EPS.

Several other equities analysts also recently commented on the stock. Wells Fargo & Co raised shares of National Storage Affiliates Trust from a “market perform” rating to an “outperform” rating and set a $30.00 price objective for the company in a research note on Tuesday, December 19th. Robert W. Baird reissued a “buy” rating and issued a $29.00 price objective on shares of National Storage Affiliates Trust in a research note on Wednesday, November 29th. Jefferies Group set a $31.00 price objective on shares of National Storage Affiliates Trust and gave the company a “buy” rating in a research note on Tuesday, November 28th. SunTrust Banks reissued a “hold” rating and issued a $24.00 price objective on shares of National Storage Affiliates Trust in a research note on Friday, November 24th. Finally, FBR & Co set a $23.00 price target on shares of National Storage Affiliates Trust and gave the company a “hold” rating in a research report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. National Storage Affiliates Trust has an average rating of “Hold” and an average price target of $26.67.

Shares of National Storage Affiliates Trust (NYSE:NSA) traded down $0.11 during trading hours on Thursday, reaching $26.96. 476,100 shares of the company traded hands, compared to its average volume of 541,600. The company has a market cap of $1,340.94, a P/E ratio of 168.51, a price-to-earnings-growth ratio of 2.49 and a beta of 0.80. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.66 and a current ratio of 0.66. National Storage Affiliates Trust has a fifty-two week low of $21.17 and a fifty-two week high of $28.55.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were given a $0.28 dividend. This is a boost from National Storage Affiliates Trust’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 4.15%. The ex-dividend date of this dividend was Thursday, December 14th. National Storage Affiliates Trust’s dividend payout ratio is 700.04%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. increased its position in shares of National Storage Affiliates Trust by 61.6% during the second quarter. BlackRock Inc. now owns 6,334,470 shares of the real estate investment trust’s stock worth $146,391,000 after buying an additional 2,413,808 shares during the period. Renaissance Technologies LLC increased its position in shares of National Storage Affiliates Trust by 53.1% during the second quarter. Renaissance Technologies LLC now owns 1,143,600 shares of the real estate investment trust’s stock worth $26,429,000 after buying an additional 396,500 shares during the period. Vanguard Group Inc. increased its position in shares of National Storage Affiliates Trust by 7.0% during the second quarter. Vanguard Group Inc. now owns 5,417,433 shares of the real estate investment trust’s stock worth $125,198,000 after buying an additional 352,766 shares during the period. Lazard Asset Management LLC increased its position in shares of National Storage Affiliates Trust by 34.5% during the second quarter. Lazard Asset Management LLC now owns 1,368,950 shares of the real estate investment trust’s stock worth $31,636,000 after buying an additional 351,178 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of National Storage Affiliates Trust by 102.5% during the second quarter. Bank of New York Mellon Corp now owns 667,195 shares of the real estate investment trust’s stock worth $15,419,000 after buying an additional 337,738 shares during the period. Hedge funds and other institutional investors own 83.92% of the company’s stock.

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About National Storage Affiliates Trust

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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