Equities Analysts Set Expectations for National Storage Affiliates Trust’s FY2018 Earnings (NSA)

National Storage Affiliates Trust (NYSE:NSA) – Analysts at Jefferies Group lowered their FY2018 EPS estimates for National Storage Affiliates Trust in a report released on Thursday, April 12th. Jefferies Group analyst G. Hoglund now expects that the real estate investment trust will post earnings of $1.36 per share for the year, down from their previous estimate of $1.37. Jefferies Group has a “Buy” rating and a $30.00 price objective on the stock. Jefferies Group also issued estimates for National Storage Affiliates Trust’s FY2019 earnings at $1.46 EPS.

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National Storage Affiliates Trust (NYSE:NSA) last announced its earnings results on Monday, February 26th. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.39). The business had revenue of $73.37 million for the quarter, compared to analyst estimates of $71.04 million. National Storage Affiliates Trust had a net margin of 1.10% and a return on equity of 0.30%.

NSA has been the topic of several other research reports. Wells Fargo raised shares of National Storage Affiliates Trust from a “market perform” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Tuesday, December 19th. Citigroup began coverage on shares of National Storage Affiliates Trust in a research report on Tuesday, February 13th. They set a “neutral” rating and a $24.00 price target on the stock. Zacks Investment Research cut shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, January 24th. B. Riley set a $23.00 price target on shares of National Storage Affiliates Trust and gave the stock a “hold” rating in a research report on Tuesday, January 16th. Finally, BMO Capital Markets began coverage on shares of National Storage Affiliates Trust in a research report on Friday, April 6th. They set a “market perform” rating and a $26.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $26.25.

Shares of NSA stock opened at $25.29 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.87. National Storage Affiliates Trust has a one year low of $21.17 and a one year high of $28.55. The stock has a market cap of $1,265.29, a PE ratio of 20.11, a P/E/G ratio of 2.31 and a beta of 0.59.

Hedge funds and other institutional investors have recently modified their holdings of the business. Delpha Capital Management LLC bought a new position in National Storage Affiliates Trust in the fourth quarter worth about $129,000. Schroder Investment Management Group bought a new stake in shares of National Storage Affiliates Trust during the third quarter valued at approximately $155,000. Orinda Asset Management LLC bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $204,000. Confluence Wealth Management LLC bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $204,000. Finally, Gilman Hill Asset Management LLC bought a new stake in shares of National Storage Affiliates Trust during the fourth quarter valued at approximately $208,000. 93.35% of the stock is currently owned by hedge funds and other institutional investors.

In other National Storage Affiliates Trust news, Director Mourick Mark Van sold 13,667 shares of the firm’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $25.64, for a total value of $350,421.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 13.70% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th were issued a $0.28 dividend. The ex-dividend date was Wednesday, March 14th. This represents a $1.12 dividend on an annualized basis and a yield of 4.43%. National Storage Affiliates Trust’s dividend payout ratio is currently 90.32%.

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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 533 self storage properties located in 29 states with approximately 33 million rentable square feet.

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

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