National Storage Affiliates (NYSE:NSA) – Equities researchers at KeyCorp issued their FY2016 earnings per share (EPS) estimates for shares of National Storage Affiliates in a report released on Monday. KeyCorp analyst T. Thomas expects that the brokerage will post earnings per share of $1.06 for the year.

Several other equities analysts have also recently weighed in on the stock. Jefferies Group raised shares of National Storage Affiliates from a “hold” rating to a “buy” rating and raised their price target for the stock from $22.00 to $24.00 in a research note on Wednesday. DA Davidson set a $26.00 price target on shares of National Storage Affiliates and gave the stock a “buy” rating in a research note on Thursday, September 15th. FBR & Co reaffirmed a “hold” rating on shares of National Storage Affiliates in a research note on Monday, September 12th. Zacks Investment Research raised shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Friday, August 5th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $25.00 price target (up from $24.00) on shares of National Storage Affiliates in a research note on Wednesday, July 6th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. National Storage Affiliates presently has an average rating of “Buy” and an average price target of $22.79.

Shares of National Storage Affiliates (NYSE:NSA) opened at 20.51 on Wednesday. The firm has a 50-day moving average of $20.23 and a 200 day moving average of $20.69. The company has a market cap of $476.06 million, a price-to-earnings ratio of 76.25 and a beta of 0.64. National Storage Affiliates has a one year low of $13.10 and a one year high of $22.86.

National Storage Affiliates (NYSE:NSA) last announced its quarterly earnings results on Monday, August 8th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. The firm had revenue of $47.30 million for the quarter, compared to analyst estimates of $44.69 million. National Storage Affiliates had a net margin of 11.53% and a return on equity of 3.46%.

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its position in National Storage Affiliates by 1,385.9% in the second quarter. Royal Bank of Canada now owns 743,392 shares of the real estate investment trust’s stock valued at $15,479,000 after buying an additional 693,363 shares in the last quarter. IFP Advisors Inc boosted its position 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 valued at $166,000 after buying an additional 4,750 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in National Storage Affiliates by 30.1% in the second quarter. Public Employees Retirement System of Ohio now owns 42,894 shares of the real estate investment trust’s stock valued at $893,000 after buying an additional 9,933 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in National Storage Affiliates by 10.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 155,177 shares of the real estate investment trust’s stock valued at $3,231,000 after buying an additional 14,560 shares in the last quarter. Finally, Stifel Financial Corp purchased a new position in National Storage Affiliates during the second quarter valued at $729,000. 97.09% of the stock is owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Thursday, September 15th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.88 annualized dividend and a dividend yield of 4.29%. National Storage Affiliates’s dividend payout ratio is presently 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.

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