FY2017 Earnings Estimate for National Storage Affiliates Trust Issued By KeyCorp (NYSE:NSA)

National Storage Affiliates Trust (NYSE:NSA) – Investment analysts at KeyCorp dropped their FY2017 earnings per share (EPS) estimates for shares of National Storage Affiliates Trust in a research report issued to clients and investors on Wednesday. KeyCorp analyst T. Thomas now expects that the real estate investment trust will earn $1.25 per share for the year, down from their prior estimate of $1.27.

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Other research analysts also recently issued reports about the stock. Jefferies Group LLC reissued a “buy” rating and set a $28.00 price objective on shares of National Storage Affiliates Trust in a research report on Monday, May 22nd. FBR & Co reissued a “hold” rating and set a $23.00 price objective on shares of National Storage Affiliates Trust in a research report on Monday, May 15th. BidaskClub raised shares of National Storage Affiliates Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Finally, Zacks Investment Research downgraded shares of National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. National Storage Affiliates Trust currently has an average rating of “Hold” and a consensus price target of $25.20.

National Storage Affiliates Trust (NSA) traded down 0.41% during trading on Friday, reaching $21.98. 86,798 shares of the company’s stock traded hands. The company has a market cap of $972.00 million, a PE ratio of 84.21 and a beta of 0.74. National Storage Affiliates Trust has a 12-month low of $18.81 and a 12-month high of $26.15. The company has a 50 day moving average price of $22.53 and a 200-day moving average price of $23.48.

Several hedge funds have recently modified their holdings of NSA. BlackRock Inc. increased its stake in shares of National Storage Affiliates Trust by 61.6% in the second quarter. BlackRock Inc. now owns 6,334,470 shares of the real estate investment trust’s stock valued at $146,391,000 after buying an additional 2,413,808 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of National Storage Affiliates Trust by 5.7% in the first quarter. Vanguard Group Inc. now owns 5,064,667 shares of the real estate investment trust’s stock valued at $121,046,000 after buying an additional 273,843 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of National Storage Affiliates Trust by 65.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,504,950 shares of the real estate investment trust’s stock valued at $34,779,000 after buying an additional 597,325 shares during the last quarter. State Street Corp increased its stake in shares of National Storage Affiliates Trust by 20.8% in the first quarter. State Street Corp now owns 1,326,518 shares of the real estate investment trust’s stock valued at $31,703,000 after buying an additional 228,598 shares during the last quarter. Finally, OppenheimerFunds Inc. increased its stake in shares of National Storage Affiliates Trust by 3.5% in the first quarter. OppenheimerFunds Inc. now owns 1,131,398 shares of the real estate investment trust’s stock valued at $27,040,000 after buying an additional 38,783 shares during the last quarter. 91.51% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Arlen Dale Nordhagen sold 30,000 shares of National Storage Affiliates Trust stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $22.06, for a total value of $661,800.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 17.70% of the stock is owned by 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.

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

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