Brokerages Set Life Storage Inc (NYSE:LSI) PT at $97.25

Life Storage Inc (NYSE:LSI) has been given a consensus rating of “Hold” by the nine brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $99.38.

LSI has been the subject of several recent analyst reports. Raymond James cut First Midwest Bancorp to a “hold” rating in a research note on Monday, July 8th. Evercore ISI cut Prologis from an “outperform” rating to an “in-line” rating and raised their target price for the stock from $75.00 to $78.00 in a research note on Monday, May 20th. ValuEngine raised Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Zacks Investment Research cut H&E Equipment Services from a “hold” rating to a “sell” rating in a research note on Wednesday.

Life Storage stock traded down $2.14 during trading on Friday, reaching $97.23. 252,800 shares of the company were exchanged, compared to its average volume of 376,117. Life Storage has a 52-week low of $88.92 and a 52-week high of $102.91. The firm has a market capitalization of $4.68 billion, a P/E ratio of 17.65, a P/E/G ratio of 4.55 and a beta of 0.37. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.88. The firm’s 50 day moving average price is $97.86.



Life Storage (NYSE:LSI) last announced its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported $0.74 EPS for the quarter, missing the Zacks’ consensus estimate of $1.32 by ($0.58). Life Storage had a return on equity of 10.17% and a net margin of 37.37%. The company had revenue of $136.52 million for the quarter, compared to analysts’ expectations of $136.41 million. During the same quarter in the previous year, the business posted $1.27 EPS. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. Equities research analysts predict that Life Storage will post 5.59 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Tuesday, July 16th will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, July 15th. This represents a $4.00 annualized dividend and a yield of 4.11%. Life Storage’s dividend payout ratio (DPR) is 72.60%.

In other Life Storage news, Director Arthur L. Havener, Jr. sold 598 shares of the firm’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $95.77, for a total transaction of $57,270.46. Following the completion of the sale, the director now owns 6,728 shares of the company’s stock, valued at $644,340.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.80% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Stifel Financial Corp grew its stake in Life Storage by 5.2% during the 4th quarter. Stifel Financial Corp now owns 2,977 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 146 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in Life Storage during the 4th quarter worth about $211,000. Centersquare Investment Management LLC lifted its holdings in Life Storage by 1,174.3% during the 1st quarter. Centersquare Investment Management LLC now owns 2,625 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 2,419 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Life Storage by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 629,965 shares of the real estate investment trust’s stock worth $58,580,000 after buying an additional 42,438 shares during the last quarter. Finally, Oberweis Asset Management Inc. lifted its holdings in Life Storage by 9.2% during the 4th quarter. Oberweis Asset Management Inc. now owns 7,120 shares of the real estate investment trust’s stock worth $662,000 after buying an additional 600 shares during the last quarter. 95.90% of the stock is owned by institutional investors and hedge funds.

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 750 storage facilities in 28 states and Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month.

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Analyst Recommendations for Life Storage (NYSE:LSI)

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