National Storage Affiliates Trust (NYSE:NSA) – Investment analysts at Jefferies Financial Group boosted their FY2019 earnings per share (EPS) estimates for National Storage Affiliates Trust in a research note issued on Sunday, November 10th, Zacks Investment Research reports. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will earn $1.53 per share for the year, up from their previous forecast of $1.52.
A number of other brokerages have also weighed in on NSA. Stifel Nicolaus initiated coverage on shares of National Storage Affiliates Trust in a research note on Monday, August 19th. They issued a “buy” rating and a $36.00 target price for the company. ValuEngine lowered National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Robert W. Baird set a $37.00 price objective on National Storage Affiliates Trust and gave the stock a “buy” rating in a research report on Wednesday, August 21st. Wells Fargo & Co lifted their target price on National Storage Affiliates Trust from $32.00 to $36.00 and gave the company an “outperform” rating in a research report on Wednesday, August 21st. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $26.00 price target on shares of National Storage Affiliates Trust in a research report on Thursday, October 31st. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $33.83.
Shares of NSA traded up $0.29 on Wednesday, hitting $34.43. The company’s stock had a trading volume of 421,945 shares, compared to its average volume of 367,883. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 4.29 and a beta of 0.30. National Storage Affiliates Trust has a fifty-two week low of $25.11 and a fifty-two week high of $35.76. The firm’s fifty day moving average price is $33.62 and its 200-day moving average price is $31.88. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.26.
National Storage Affiliates Trust (NYSE:NSA) last released its earnings results on Thursday, October 31st. The real estate investment trust reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.59). National Storage Affiliates Trust had a negative net margin of 4.87% and a negative return on equity of 1.45%. The business had revenue of $101.34 million for the quarter, compared to analyst estimates of $100.49 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The business’s revenue for the quarter was up 18.7% on a year-over-year basis.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan raised its position in National Storage Affiliates Trust by 2.3% during the second quarter. Municipal Employees Retirement System of Michigan now owns 16,960 shares of the real estate investment trust’s stock worth $491,000 after acquiring an additional 380 shares in the last quarter. New York State Teachers Retirement System increased its stake in shares of National Storage Affiliates Trust by 23.6% during the 3rd quarter. New York State Teachers Retirement System now owns 48,692 shares of the real estate investment trust’s stock worth $1,625,000 after purchasing an additional 9,300 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of National Storage Affiliates Trust in the 2nd quarter valued at about $166,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of National Storage Affiliates Trust by 12.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,630 shares of the real estate investment trust’s stock valued at $800,000 after purchasing an additional 3,071 shares during the period. Finally, Forward Management LLC raised its holdings in shares of National Storage Affiliates Trust by 7.5% in the 3rd quarter. Forward Management LLC now owns 21,540 shares of the real estate investment trust’s stock valued at $718,000 after purchasing an additional 1,500 shares during the period. 93.09% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a dividend of $0.33 per share. This is a positive change from National Storage Affiliates Trust’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $1.32 annualized dividend and a dividend yield of 3.83%. National Storage Affiliates Trust’s payout ratio is 92.75%.
National Storage Affiliates Trust Company Profile
National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 709 self storage properties located in 35 states and Puerto Rico with approximately 44.9 million rentable square feet.
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