Published On: Mon, Sep 19th, 2016

DA Davidson Brokers Lift Earnings Estimates for National Storage Affiliates (NSA)

National Storage Affiliates (NYSE:NSA) – Research analysts at DA Davidson upped their Q2 2017 earnings estimates for shares of National Storage Affiliates in a research report issued on Thursday. DA Davidson analyst B. Oxford now anticipates that the brokerage will post earnings of $0.30 per share for the quarter, up from their prior estimate of $0.29. DA Davidson currently has a “Buy” rating and a $26.00 target price on the stock. DA Davidson also issued estimates for National Storage Affiliates’ Q3 2017 earnings at $0.31 EPS, Q4 2017 earnings at $0.32 EPS and FY2017 earnings at $1.22 EPS.
National Storage Affiliates (NYSE:NSA) last issued 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 analysts’ expectations of $44.69 million. National Storage Affiliates had a return on equity of 3.46% and a net margin of 11.53%.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded National Storage Affiliates from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, July 6th. FBR & Co reiterated a “hold” rating on shares of National Storage Affiliates in a report on Tuesday, August 9th. Jefferies Group lowered their price target on National Storage Affiliates from $24.00 to $22.00 and set a “hold” rating for the company in a report on Wednesday, August 10th. Finally, Robert W. Baird reiterated an “outperform” rating and issued a $25.00 price target (up from $24.00) on shares of National Storage Affiliates in a report on Wednesday, July 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $22.50.

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National Storage Affiliates (NYSE:NSA) opened at 19.64 on Monday. National Storage Affiliates has a 12 month low of $13.10 and a 12 month high of $22.86. The firm has a market cap of $455.86 million, a PE ratio of 73.01 and a beta of 0.64. The company has a 50-day moving average price of $20.55 and a 200 day moving average price of $20.66.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Stockholders 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 annualized dividend and a dividend yield of 4.48%. National Storage Affiliates’s dividend payout ratio is presently 338.47%.
Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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 acquired a new stake in shares of National Storage Affiliates during the second quarter valued at $729,000. Institutional investors own 97.09% of the company’s stock.
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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