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Is anyone following NSR? We have a small holding but are considering adding to it as its potential for growth appears good (at our basic level of financial understanding) and it has a reasonable yield.
Any comments?
A: Thanks for the question.
I think the best days of REITs (real estate investment trusts) might be behind us. A lot will depend on the direction of interest rates.
As far as the yield for National Storage – the forecast distribution of between 9.2c and 9.4 puts it on a yield of around 6.5% (unfranked). In my opinion, interesting, but not compelling.
According to FN Arena, the brokers are neutral on the stock – 1 buy, 2 neutrals and 1 sell. Target prices range from a low of $1.19 to a high of $1.70, consensus $1.48 – a small premium to today’s closing price..
For me, it is a pass.
Regards
