National Storage Affiliates (NYSE:NSA) – Analysts at KeyCorp issued their FY2016 EPS estimates for National Storage Affiliates in a research report issued to clients and investors on Monday. KeyCorp analyst T. Thomas anticipates that the firm will post earnings per share of $1.03 for the year. KeyCorp also issued estimates for National Storage Affiliates’ FY2017 earnings at $1.27 EPS.

National Storage Affiliates (NYSE:NSA) last posted its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm had revenue of $52.95 million for the quarter, compared to the consensus estimate of $51.27 million. National Storage Affiliates had a return on equity of 2.31% and a net margin of 7.95%. The company’s quarterly revenue was up 48.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.24 EPS.

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

A number of other equities research analysts have also recently commented on NSA. Zacks Investment Research cut National Storage Affiliates from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. FBR & Co reiterated a “hold” rating on shares of National Storage Affiliates in a report on Tuesday, August 9th. Jefferies Group lowered their target price on National Storage Affiliates from $24.00 to $22.00 and set a “hold” rating on the stock in a report on Wednesday, August 10th. DA Davidson set a $26.00 target price on National Storage Affiliates and gave the company a “buy” rating in a report on Thursday, September 15th. Finally, Vetr upgraded National Storage Affiliates from a “buy” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Tuesday, October 18th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. National Storage Affiliates currently has a consensus rating of “Buy” and an average price target of $22.56.

Shares of National Storage Affiliates (NYSE:NSA) opened at 19.42 on Thursday. National Storage Affiliates has a 12-month low of $14.41 and a 12-month high of $22.86. The company has a 50 day moving average price of $19.95 and a 200 day moving average price of $20.65. The stock has a market cap of $697.10 million, a P/E ratio of 58.85 and a beta of 0.72.

Several hedge funds and other institutional investors have recently modified their holdings of NSA. Goldman Sachs Group Inc. raised its position in shares of National Storage Affiliates by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 38,145 shares of the real estate investment trust’s stock valued at $809,000 after buying an additional 458 shares during the period. New Mexico Educational Retirement Board raised its position in shares of National Storage Affiliates by 45.5% in the third quarter. New Mexico Educational Retirement Board now owns 4,800 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 1,500 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of National Storage Affiliates by 55.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 5,567 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 1,982 shares during the period. Bank of New York Mellon Corp raised its position in shares of National Storage Affiliates by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 207,179 shares of the real estate investment trust’s stock valued at $4,338,000 after buying an additional 2,252 shares during the period. Finally, Harrison Street Securities LLC raised its position in shares of National Storage Affiliates by 33.1% in the second quarter. Harrison Street Securities LLC now owns 15,839 shares of the real estate investment trust’s stock valued at $330,000 after buying an additional 3,937 shares during the period. 97.03% of the stock is currently owned by institutional investors and hedge funds.

National Storage Affiliates 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 segment consists of investments in self-storage properties located in the United States.

5 Day Chart for NYSE:NSA

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