National Storage Affiliates (NYSE:NSA) – Stock analysts at KeyCorp upped their FY2017 EPS estimates for shares of National Storage Affiliates in a research note issued on Monday. KeyCorp analyst T. Thomas now expects that the firm will earn $1.22 per share for the year, up from their previous forecast of $1.20.

National Storage Affiliates (NYSE:NSA) last released its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. National Storage Affiliates had a return on equity of 3.46% and a net margin of 11.53%. The business earned $47.30 million during the quarter, compared to analysts’ expectations of $44.69 million.

Several other equities research analysts have also recently issued reports on the company. Jefferies Group raised National Storage Affiliates from a “hold” rating to a “buy” rating and lifted their target price for the stock from $22.00 to $24.00 in a report on Wednesday. DA Davidson set a $26.00 target price on National Storage Affiliates and gave the stock a “buy” rating in a report on Thursday, September 15th. FBR & Co reaffirmed a “hold” rating on shares of National Storage Affiliates in a report on Monday, September 12th. Zacks Investment Research raised National Storage Affiliates from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Friday, August 5th. 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 analysts have rated the stock with a hold rating and four have given a buy rating to the stock. National Storage Affiliates currently has an average rating of “Buy” and an average price target of $22.79.

National Storage Affiliates (NYSE:NSA) traded up 2.809% during midday trading on Tuesday, reaching $20.315. The company’s stock had a trading volume of 359,840 shares. The company’s 50-day moving average is $20.26 and its 200 day moving average is $20.69. The firm has a market cap of $471.53 million, a price-to-earnings ratio of 75.520 and a beta of 0.64. National Storage Affiliates has a 12-month low of $13.10 and a 12-month high of $22.86.

Hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in shares of National Storage Affiliates by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 38,145 shares of the real estate investment trust’s stock worth $809,000 after buying an additional 458 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in National Storage Affiliates by 4.0% in the first quarter. Metropolitan Life Insurance Co. NY now owns 17,900 shares of the real estate investment trust’s stock worth $379,000 after buying an additional 694 shares in the last quarter. Harrison Street Securities LLC raised its stake in National Storage Affiliates by 33.1% in the second quarter. Harrison Street Securities LLC now owns 15,839 shares of the real estate investment trust’s stock worth $330,000 after buying an additional 3,937 shares in the last quarter. Rhumbline Advisers raised its stake in National Storage Affiliates by 16.8% in the second quarter. Rhumbline Advisers now owns 27,712 shares of the real estate investment trust’s stock worth $577,000 after buying an additional 3,984 shares in the last quarter. Finally, IFP Advisors Inc raised its stake 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. Hedge funds and other institutional investors own 97.09% of the company’s stock.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be issued a $0.22 dividend. 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 4.45%. National Storage Affiliates’s payout ratio is 338.47%.

National Storage Affiliates Company Profile

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.

5 Day Chart for NYSE:NSA

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