National Storage (NSA) Given Consensus Rating of “Hold” by Analysts

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Shares of National Storage (NYSE:NSA) have received an average rating of “Hold” from the fourteen brokerages that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is $26.33.

Several equities research analysts have recently commented on the stock. ValuEngine raised shares of National Storage from a “hold” rating to a “buy” rating in a research report on Thursday, May 3rd. TheStreet raised shares of National Storage from a “d+” rating to a “c” rating in a report on Monday, April 23rd. Morgan Stanley increased their target price on shares of National Storage from $26.00 to $27.00 and gave the stock an “equal weight” rating in a report on Thursday, June 14th. Jefferies Financial Group set a $30.00 target price on shares of National Storage and gave the stock a “buy” rating in a report on Monday, March 5th. Finally, B. Riley set a $23.00 target price on shares of National Storage and gave the stock a “hold” rating in a report on Monday, February 26th.

A number of institutional investors have recently added to or reduced their stakes in NSA. Schwab Charles Investment Management Inc. grew its holdings in National Storage by 9.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 512,022 shares of the real estate investment trust’s stock valued at $13,958,000 after buying an additional 45,851 shares in the last quarter. Comerica Bank grew its holdings in National Storage by 8.5% during the 4th quarter. Comerica Bank now owns 50,888 shares of the real estate investment trust’s stock valued at $1,332,000 after buying an additional 3,978 shares in the last quarter. Teacher Retirement System of Texas purchased a new stake in National Storage during the 4th quarter valued at approximately $415,000. Swiss National Bank grew its holdings in National Storage by 20.3% during the 4th quarter. Swiss National Bank now owns 87,879 shares of the real estate investment trust’s stock valued at $2,396,000 after buying an additional 14,800 shares in the last quarter. Finally, Forsta AP Fonden purchased a new stake in National Storage during the 4th quarter valued at approximately $433,000. 95.34% of the stock is owned by institutional investors.

Shares of National Storage traded down $0.04, hitting $29.61, during midday trading on Friday, according to Marketbeat. 9,668 shares of the company’s stock traded hands, compared to its average volume of 253,835. National Storage has a 1 year low of $21.17 and a 1 year high of $30.09. The firm has a market capitalization of $1.51 billion, a P/E ratio of 24.15, a PEG ratio of 2.77 and a beta of 0.60. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.96.

National Storage (NYSE:NSA) last released its quarterly earnings results on Thursday, May 3rd. The real estate investment trust reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.14. National Storage had a net margin of 4.55% and a return on equity of 1.24%. The firm had revenue of $76.49 million during the quarter, compared to analyst estimates of $76.72 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 24.3% compared to the same quarter last year. equities research analysts anticipate that National Storage will post 1.35 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.92%. This is a positive change from National Storage’s previous quarterly dividend of $0.28. The ex-dividend date is Thursday, June 14th. National Storage’s dividend payout ratio is currently 93.55%.

National Storage Company Profile

National Storage Affiliates Trust operates as a real estate investment trust. It focuses on the ownership, operation, and acquisition of self-storage properties located within the top 100 metropolitan statistical areas throughout the United States. The company was founded by Arlen D. Nordhagen in April 2013 and is headquartered in Greenwood Village, CO.

Analyst Recommendations for National Storage (NYSE:NSA)

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