Life Storage, Inc. (NYSE:LSI) was the target of unusually large options trading activity on Wednesday. Stock investors purchased 1,125 call options on the company. This represents an increase of 1,686% compared to the average volume of 63 call options.
A number of research analysts have recently issued reports on the stock. Cantor Fitzgerald set a $84.00 price target on shares of Life Storage and gave the stock a “hold” rating in a research note on Thursday, March 8th. Robert W. Baird lowered shares of Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 price target on the stock. in a research note on Thursday, January 25th. Citigroup lowered shares of Life Storage from a “buy” rating to a “neutral” rating and set a $95.00 price target on the stock. in a research note on Thursday, December 14th. Zacks Investment Research upgraded shares of Life Storage from a “sell” rating to a “hold” rating in a research note on Thursday, March 29th. Finally, BMO Capital Markets set a $78.00 price target on shares of Life Storage and gave the stock a “sell” rating in a research note on Wednesday, February 21st. Five equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $81.29.
Hedge funds have recently added to or reduced their stakes in the stock. Solaris Asset Management LLC purchased a new stake in Life Storage during the fourth quarter worth about $112,000. Acadian Asset Management LLC purchased a new stake in shares of Life Storage in the fourth quarter valued at about $131,000. Wolverine Asset Management LLC purchased a new stake in shares of Life Storage in the fourth quarter valued at about $185,000. Bbva Compass Bancshares Inc. purchased a new stake in shares of Life Storage in the fourth quarter valued at about $224,000. Finally, Koch Industries Inc. purchased a new stake in shares of Life Storage in the fourth quarter valued at about $259,000.
Life Storage (NYSE:LSI) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.03. The firm had revenue of $133.08 million for the quarter, compared to the consensus estimate of $133.46 million. Life Storage had a net margin of 18.19% and a return on equity of 4.83%. The firm’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.31 earnings per share. equities analysts predict that Life Storage will post 5.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Friday, April 13th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date is Thursday, April 12th. Life Storage’s dividend payout ratio is currently 75.33%.
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Life Storage Company Profile
Life Storage, Inc is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Located in Buffalo, New York, the Company operates more than 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month.
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