National Storage Affiliates Trust (NSA) Forecasted to Post Q2 2017 Earnings of $0.33 Per Share

National Storage Affiliates Trust (NYSE:NSA) – Equities researchers at KeyCorp issued their Q2 2017 EPS estimates for shares of National Storage Affiliates Trust in a note issued to investors on Sunday. KeyCorp analyst T. Thomas expects that the real estate investment trust will post earnings of $0.33 per share for the quarter. KeyCorp also issued estimates for National Storage Affiliates Trust’s Q3 2017 earnings at $0.33 EPS and Q4 2017 earnings at $0.32 EPS.

NSA has been the subject of several other reports. Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “buy” rating to a “hold” rating in a report on Tuesday, February 14th. FBR & Co reaffirmed a “hold” rating and set a $23.00 price objective on shares of National Storage Affiliates Trust in a report on Friday, May 5th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. National Storage Affiliates Trust currently has a consensus rating of “Buy” and an average target price of $24.83.

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

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National Storage Affiliates Trust (NYSE:NSA) opened at 23.51 on Wednesday. National Storage Affiliates Trust has a one year low of $18.81 and a one year high of $26.15. The firm has a 50 day moving average of $24.52 and a 200-day moving average of $22.51. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 83.67 and a beta of 0.72.

National Storage Affiliates Trust (NYSE:NSA) last announced its quarterly earnings results on Monday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.06. The company had revenue of $59.20 million during the quarter, compared to analyst estimates of $54.43 million. National Storage Affiliates Trust had a net margin of 7.95% and a return on equity of 2.31%. The company’s revenue was up 54.6% on a year-over-year basis.

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. increased its stake in National Storage Affiliates Trust by 504.9% in the third quarter. PNC Financial Services Group Inc. now owns 7,640 shares of the real estate investment trust’s stock valued at $159,000 after buying an additional 6,377 shares in the last quarter. BlackRock Inc. increased its stake in National Storage Affiliates Trust by 101.1% in the third quarter. BlackRock Inc. now owns 52,904 shares of the real estate investment trust’s stock valued at $1,108,000 after buying an additional 26,599 shares in the last quarter. Two Sigma Investments LP purchased a new stake in National Storage Affiliates Trust during the fourth quarter valued at about $2,570,000. Renaissance Technologies LLC increased its stake in National Storage Affiliates Trust by 7.4% in the fourth quarter. Renaissance Technologies LLC now owns 357,900 shares of the real estate investment trust’s stock valued at $7,899,000 after buying an additional 24,600 shares in the last quarter. Finally, Swiss National Bank increased its stake in National Storage Affiliates Trust by 33.2% in the third quarter. Swiss National Bank now owns 50,979 shares of the real estate investment trust’s stock valued at $1,068,000 after buying an additional 12,700 shares in the last quarter. 77.22% of the stock is owned by institutional investors and hedge funds.

In related news, Director Mourick Mark Van sold 21,750 shares of the company’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $23.00, for a total transaction of $500,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 17.70% of the stock is currently owned by corporate insiders.

About National Storage Affiliates Trust

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.

5 Day Chart for NYSE:NSA

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