National Storage Affiliates (NSA) Shares Down 1.8%
National Storage Affiliates (NYSE:NSA) shares fell 1.8% during trading on Tuesday . The company traded as low as $21.83 and last traded at $21.86, with a volume of 158,064 shares trading hands. The stock had previously closed at $22.26.
A number of brokerages have commented on NSA. Zacks Investment Research cut shares of National Storage Affiliates from a “buy” rating to a “hold” rating in a research report on Tuesday, April 12th. Morgan Stanley began coverage on shares of National Storage Affiliates in a research report on Saturday, April 9th. They set a “hold” rating on the stock. FBR & Co reiterated a “hold” rating and set a $22.00 price target on shares of National Storage Affiliates in a research report on Tuesday, June 28th. Jefferies Group increased their price target on shares of National Storage Affiliates from $21.00 to $22.00 and gave the company a “hold” rating in a research report on Tuesday, May 31st. Finally, Robert W. Baird reiterated an “outperform” rating and set a $25.00 price target (up from $24.00) on shares of National Storage Affiliates in a research report on Wednesday, July 6th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $22.64.
The stock has a 50-day moving average of $21.50 and a 200 day moving average of $19.80. The stock has a market cap of $504.48 million and a PE ratio of 41.07.
National Storage Affiliates (NYSE:NSA) last posted its quarterly earnings results on Monday, May 9th. The real estate investment trust reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The business earned $39.65 million during the quarter, compared to analysts’ expectations of $40.35 million. On average, equities analysts forecast that National Storage Affiliates will post $1.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were issued a $0.22 dividend. The ex-dividend date of this dividend was Monday, June 13th. This is a positive change from National Storage Affiliates’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a yield of 4.01%.
Other hedge funds and institutional investors have bought and sold shares of the company. OppenheimerFunds Inc. boosted its position in National Storage Affiliates by 3.4% in the fourth quarter. OppenheimerFunds Inc. now owns 1,258,348 shares of the real estate investment trust’s stock worth $21,555,000 after buying an additional 40,905 shares in the last quarter. Russell Frank Co boosted its position in National Storage Affiliates by 109.8% in the fourth quarter. Russell Frank Co now owns 235,592 shares of the real estate investment trust’s stock worth $4,038,000 after buying an additional 123,306 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in National Storage Affiliates by 299.0% in the fourth quarter. Principal Financial Group Inc. now owns 434,959 shares of the real estate investment trust’s stock worth $7,451,000 after buying an additional 325,959 shares in the last quarter.
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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