National Storage Affiliates (NYSE:NSA) – Equities research analysts at Jefferies Group raised their FY2016 earnings per share (EPS) estimates for shares of National Storage Affiliates in a research note issued on Wednesday. Jefferies Group analyst G. Hoglund now expects that the firm will post earnings of $1.11 per share for the year, up from their prior estimate of $1.10. Jefferies Group currently has a “Buy” rating and a $24.00 price target on the stock. Jefferies Group also issued estimates for National Storage Affiliates’ Q4 2016 earnings at $0.30 EPS, Q1 2017 earnings at $0.31 EPS, Q2 2017 earnings at $0.33 EPS, Q3 2017 earnings at $0.35 EPS, Q4 2017 earnings at $0.33 EPS and FY2018 earnings at $1.47 EPS.

NSA has been the subject of several other research reports. FBR & Co reissued a “marketperform” rating and issued a $22.00 price objective on shares of National Storage Affiliates in a research report on Wednesday, June 22nd. DA Davidson set a $26.00 target price on shares of National Storage Affiliates and gave the company a “buy” rating in a research note on Thursday, September 15th. Robert W. Baird restated an “outperform” rating and issued a $25.00 target price (up from $24.00) on shares of National Storage Affiliates in a research note on Wednesday, July 6th. Finally, Zacks Investment Research upgraded shares of National Storage Affiliates from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $22.79.

National Storage Affiliates (NYSE:NSA) opened at 21.12 on Thursday. The firm has a market capitalization of $490.22 million, a price-to-earnings ratio of 78.51 and a beta of 0.64. National Storage Affiliates has a 1-year low of $13.10 and a 1-year high of $22.86. The firm has a 50-day moving average of $20.24 and a 200-day moving average of $20.69.

National Storage Affiliates (NYSE:NSA) last posted its quarterly earnings data on Monday, August 8th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company 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%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada increased 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 worth $15,479,000 after buying an additional 693,363 shares during the period. IFP Advisors Inc increased 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 worth $166,000 after buying an additional 4,750 shares during the period. Public Employees Retirement System of Ohio increased 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 worth $893,000 after buying an additional 9,933 shares during the period. Schwab Charles Investment Management Inc. increased 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 worth $3,231,000 after buying an additional 14,560 shares during the period. Finally, Stifel Financial Corp bought a new position in National Storage Affiliates during the second quarter worth approximately $729,000. Hedge funds and other institutional investors own 97.09% of the company’s stock.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $0.88 dividend on an annualized basis and a yield of 4.17%. National Storage Affiliates’s dividend payout ratio (DPR) is 338.47%.

National Storage Affiliates 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 segment consists of investments in self-storage properties located in the United States.

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