National Storage Affiliates Trust (NYSE:NSA) – Equities research analysts at Jefferies Group dropped their FY2017 earnings per share estimates for National Storage Affiliates Trust in a research note issued on Monday. Jefferies Group analyst G. Hoglund now forecasts that the real estate investment trust will post earnings of $1.25 per share for the year, down from their prior forecast of $1.27. Jefferies Group currently has a “Buy” rating and a $27.00 price objective on the stock. Jefferies Group also issued estimates for National Storage Affiliates Trust’s FY2018 earnings at $1.38 EPS.

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NSA has been the subject of several other research reports. BidaskClub raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Robert W. Baird reaffirmed a “buy” rating and set a $27.00 price target on shares of National Storage Affiliates Trust in a research report on Wednesday, October 4th. KeyCorp reaffirmed a “hold” rating on shares of National Storage Affiliates Trust in a research report on Friday, August 25th. Zacks Investment Research lowered shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Finally, FBR & Co set a $23.00 price target on shares of National Storage Affiliates Trust and gave the company a “hold” rating in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $24.75.

Shares of National Storage Affiliates Trust (NSA) traded down 0.12% during trading on Tuesday, reaching $24.85. 22,548 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $23.91 and a 200 day moving average price of $23.46. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 95.21 and a beta of 0.79. National Storage Affiliates Trust has a 12 month low of $18.91 and a 12 month high of $26.15.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend was Thursday, September 14th. National Storage Affiliates Trust’s dividend payout ratio is 800.06%.

In related news, CEO Arlen Dale Nordhagen sold 30,000 shares of the stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $22.06, for a total value of $661,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 17.70% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC increased its holdings in National Storage Affiliates Trust by 15.5% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 126,655 shares of the real estate investment trust’s stock worth $2,927,000 after acquiring an additional 17,030 shares in the last quarter. Numeric Investors LLC purchased a new stake in National Storage Affiliates Trust in the 2nd quarter worth approximately $1,195,000. Vanguard Group Inc. increased its holdings in National Storage Affiliates Trust by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 5,064,667 shares of the real estate investment trust’s stock worth $121,046,000 after acquiring an additional 273,843 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in National Storage Affiliates Trust by 0.7% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 27,740 shares of the real estate investment trust’s stock worth $663,000 after acquiring an additional 200 shares in the last quarter. Finally, Piermont Capital Management Inc. increased its holdings in National Storage Affiliates Trust by 7.7% in the 2nd quarter. Piermont Capital Management Inc. now owns 76,290 shares of the real estate investment trust’s stock worth $1,763,000 after acquiring an additional 5,430 shares in the last quarter. 97.38% of the stock is owned by institutional investors.

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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