National Storage (NYSE:NSA) Upgraded at ValuEngine

National Storage (NYSE:NSA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report released on Tuesday, May 29th.

A number of other equities analysts have also recently commented on the stock. BMO Capital Markets started coverage on shares of National Storage in a research report on Friday, April 6th. They set a “market perform” rating and a $26.00 price objective for the company. Citigroup started coverage on shares of National Storage in a research report on Tuesday, February 13th. They set a “neutral” rating and a $24.00 price objective for the company. B. Riley lifted their price objective 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 Financial Group set a $30.00 target price on shares of National Storage and gave the company 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 analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $26.33.

National Storage traded down $0.01, reaching $29.56, during midday trading on Tuesday, MarketBeat.com reports. 198,474 shares of the company were exchanged, compared to its average volume of 340,043. The company has a debt-to-equity ratio of 0.96, a current ratio of 0.76 and a quick ratio of 0.76. National Storage has a one year low of $21.17 and a one year high of $30.07. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 23.84, a price-to-earnings-growth ratio of 2.74 and a beta of 0.60.

National Storage (NYSE:NSA) last released its quarterly earnings data on Thursday, May 3rd. The real estate investment trust reported $0.09 EPS 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 firm had revenue of $76.49 million during the quarter, compared to analysts’ expectations of $76.72 million. During the same period in the previous year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up 24.3% compared to the same quarter last year. research analysts anticipate that National Storage will post 1.35 EPS for the current fiscal year.

In other news, Director Mourick Mark Van sold 13,667 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $25.64, for a total value of $350,421.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 13.10% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Neuburgh Advisers LLC bought a new stake in National Storage during the first quarter worth about $105,000. Riverhead Capital Management LLC bought a new stake in National Storage during the first quarter worth about $118,000. Delpha Capital Management LLC bought a new stake in National Storage during the fourth quarter worth about $129,000. Tyers Asset Management LLC bought a new stake in National Storage during the first quarter worth about $133,000. Finally, Flinton Capital Management LLC bought a new stake in National Storage during the first quarter worth about $162,000. 95.55% of the stock is owned by institutional investors.

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.

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

Analyst Recommendations for National Storage (NYSE:NSA)

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