ValuEngine upgraded shares of National Storage (NYSE:NSA) from a hold rating to a buy rating in a report released on Tuesday.

A number of other analysts have also weighed in on the stock. BMO Capital Markets initiated coverage on shares of National Storage in a research report on Friday, April 6th. They issued a market perform rating and a $26.00 price objective on the stock. Citigroup began coverage on shares of National Storage in a research report on Tuesday, February 13th. They set a neutral rating and a $24.00 target price on the stock. B. Riley raised their target price on shares of National Storage from $23.00 to $24.00 and gave the stock a neutral rating in a research report on Tuesday, February 27th. Jefferies Group set a $30.00 target price on shares of National Storage and gave the stock a buy rating in a research report on Monday, March 5th. Finally, TheStreet raised shares of National Storage from a d+ rating to a c rating in a research report on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. National Storage has a consensus rating of Hold and an average price target of $26.25.

National Storage opened at $28.12 on Tuesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.76 and a current ratio of 0.76. National Storage has a 1-year low of $21.17 and a 1-year high of $28.55. The stock has a market capitalization of $1.40 billion, a P/E ratio of 22.68, a PEG ratio of 2.57 and a beta of 0.58.

National Storage (NYSE:NSA) last posted its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.09 earnings per share for the quarter, topping the Zacks’ 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 company had revenue of $76.49 million for the quarter, compared to analyst estimates of $76.72 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue for the quarter was up 24.3% on a year-over-year basis. sell-side analysts expect that National Storage will post 1.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, June 14th. This is a positive change from National Storage’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.13%. National Storage’s dividend payout ratio (DPR) is 90.32%.

In other news, Director Mourick Mark Van sold 13,667 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $25.64, for a total transaction of $350,421.88. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 13.10% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Comerica Bank boosted its stake in shares of National Storage by 4.3% during the first quarter. Comerica Bank now owns 53,066 shares of the real estate investment trust’s stock valued at $1,351,000 after purchasing an additional 2,178 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of National Storage by 9.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 28,370 shares of the real estate investment trust’s stock valued at $773,000 after purchasing an additional 2,470 shares in the last quarter. MetLife Investment Advisors LLC boosted its stake in shares of National Storage by 13.6% during the first quarter. MetLife Investment Advisors LLC now owns 22,968 shares of the real estate investment trust’s stock valued at $576,000 after purchasing an additional 2,744 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of National Storage by 8.6% during the first quarter. The Manufacturers Life Insurance Company now owns 36,500 shares of the real estate investment trust’s stock valued at $915,000 after purchasing an additional 2,898 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan boosted its stake in shares of National Storage by 20.9% during the first quarter. Municipal Employees Retirement System of Michigan now owns 20,080 shares of the real estate investment trust’s stock valued at $504,000 after purchasing an additional 3,470 shares in the last quarter. Hedge funds and other institutional investors own 96.48% of the company’s stock.

National Storage Company Profile

National Storage Affiliates Trust is a Maryland real estate investment trust focused on the ownership, operation and acquisition of self storage properties located within the top 100 metropolitan statistical areas throughout the United States. The Company currently holds ownership interests in and operates 533 self storage properties located in 29 states with approximately 33 million rentable square feet.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for National Storage (NYSE:NSA)

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