National Storage Affiliates Trust (NYSE:NSA) – Equities researchers at Jefferies Group decreased their FY2019 earnings estimates for shares of National Storage Affiliates Trust in a research report issued to clients and investors on Monday. Jefferies Group analyst G. Hoglund now forecasts that the real estate investment trust will post earnings per share of $1.47 for the year, down from their prior forecast of $1.50. Jefferies Group has a “Buy” rating and a $30.00 price target on the stock.
Other research analysts have also issued research reports about the company. SunTrust Banks reissued a “hold” rating and set a $24.00 price objective on shares of National Storage Affiliates Trust in a report on Friday, November 24th. Zacks Investment Research lowered National Storage Affiliates Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. B. Riley set a $23.00 target price on National Storage Affiliates Trust and gave the stock a “hold” rating in a research note on Tuesday, January 16th. Citigroup started coverage on National Storage Affiliates Trust in a research note on Tuesday, February 13th. They issued a “neutral” rating and a $24.00 target price for the company. Finally, Wells Fargo & Co raised National Storage Affiliates Trust from a “market perform” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Tuesday, December 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $26.29.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 15th will be paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 4.32%. The ex-dividend date is Wednesday, March 14th. National Storage Affiliates Trust’s dividend payout ratio is currently 11,200.00%.
A number of institutional investors and hedge funds have recently modified their holdings of the business. MetLife Investment Advisors LLC purchased a new stake in National Storage Affiliates Trust in the fourth quarter worth approximately $551,000. Macquarie Group Ltd. boosted its stake in National Storage Affiliates Trust by 1,415.7% in the fourth quarter. Macquarie Group Ltd. now owns 134,900 shares of the real estate investment trust’s stock worth $3,480,000 after buying an additional 126,000 shares in the last quarter. Jane Street Group LLC bought a new stake in National Storage Affiliates Trust in the fourth quarter valued at approximately $222,000. LPL Financial LLC bought a new stake in National Storage Affiliates Trust in the fourth quarter valued at approximately $238,000. Finally, Millennium Management LLC bought a new stake in National Storage Affiliates Trust in the fourth quarter valued at approximately $18,007,000. 93.44% of the stock is owned by institutional investors and hedge funds.
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.
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