National Storage Affiliates Trust (NYSE:NSA) – Equities researchers at FBR & Co boosted their FY2018 EPS estimates for shares of National Storage Affiliates Trust in a research note issued to investors on Wednesday. FBR & Co analyst D. Corak now forecasts that the real estate investment trust will post earnings of $1.35 per share for the year, up from their prior forecast of $1.34. FBR & Co currently has a “Hold” rating and a $23.00 price target on the stock.

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NSA has been the topic of several other research reports. BidaskClub downgraded National Storage Affiliates Trust from a “sell” rating to a “strong sell” rating in a report on Friday, June 9th. Zacks Investment Research downgraded National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. Robert W. Baird reiterated a “buy” rating and issued a $27.00 price objective on shares of National Storage Affiliates Trust in a report on Wednesday. KeyCorp reiterated a “hold” rating on shares of National Storage Affiliates Trust in a report on Friday, August 25th. Finally, Jefferies Group LLC cut their price objective on National Storage Affiliates Trust from $28.00 to $27.00 and set a “buy” rating on the stock in a report on Friday, August 18th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.75.

Shares of National Storage Affiliates Trust (NSA) opened at 24.43 on Friday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 93.60 and a beta of 0.79. National Storage Affiliates Trust has a 1-year low of $18.91 and a 1-year high of $24.86. The firm has a 50-day moving average price of $23.97 and a 200-day moving average price of $23.97.

Hedge funds and other institutional investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in National Storage Affiliates Trust by 16.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,384 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 614 shares during the period. LS Investment Advisors LLC purchased a new stake in National Storage Affiliates Trust during the 2nd quarter worth about $107,000. ProShare Advisors LLC purchased a new stake in National Storage Affiliates Trust during the 1st quarter worth about $115,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its holdings in National Storage Affiliates Trust by 5.6% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,426 shares of the real estate investment trust’s stock worth $149,000 after purchasing an additional 339 shares during the period. Finally, SG Americas Securities LLC purchased a new stake in National Storage Affiliates Trust during the 2nd quarter worth about $155,000. Institutional investors own 97.38% of the company’s stock.

In other National Storage Affiliates Trust news, CEO Arlen Dale Nordhagen sold 30,000 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $22.06, for a total transaction of $661,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 17.70% of the stock is owned by corporate insiders.

The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a dividend of $0.26 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.04 annualized dividend and a yield of 4.26%. National Storage Affiliates Trust’s dividend payout ratio (DPR) is 800.06%.

National Storage Affiliates Trust 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 operating partnership subsidiary is NSA OP, LP.

Earnings History and Estimates for National Storage Affiliates Trust (NYSE:NSA)

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