Life Storage Inc (LSI) Receives $95.33 Consensus PT from Brokerages

Shares of Life Storage Inc (NYSE:LSI) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $95.33.

A number of equities analysts have issued reports on LSI shares. Zacks Investment Research cut shares of Life Storage from a “hold” rating to a “sell” rating in a research report on Thursday, April 18th. ValuEngine cut shares of Life Storage from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Bank of America set a $105.00 price objective on shares of Life Storage and gave the company a “hold” rating in a research report on Friday, March 1st.

NYSE:LSI opened at $96.19 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $4.44 billion, a P/E ratio of 17.46, a P/E/G ratio of 4.32 and a beta of 0.44. Life Storage has a 52-week low of $88.92 and a 52-week high of $102.91.

Life Storage (NYSE:LSI) last released its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.74 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.32 by ($0.58). The company had revenue of $136.52 million during the quarter, compared to analyst estimates of $136.41 million. Life Storage had a net margin of 37.50% and a return on equity of 10.18%. Life Storage’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.27 EPS. On average, analysts anticipate that Life Storage will post 5.58 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Tuesday, April 16th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date was Monday, April 15th. Life Storage’s payout ratio is 72.60%.

In other Life Storage news, Director David L. Rogers sold 10,000 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $96.12, for a total value of $961,200.00. Following the transaction, the director now owns 120,000 shares in the company, valued at $11,534,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.80% of the stock is currently owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Lindbrook Capital LLC acquired a new stake in Life Storage in the 4th quarter worth about $42,000. Advisor Group Inc. boosted its holdings in Life Storage by 68.8% in the 4th quarter. Advisor Group Inc. now owns 466 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 190 shares during the period. Clean Yield Group bought a new position in Life Storage in the 4th quarter worth approximately $74,000. Pearl River Capital LLC bought a new position in Life Storage in the 4th quarter worth approximately $74,000. Finally, Quadrant Capital Group LLC boosted its holdings in Life Storage by 867.0% in the 1st quarter. Quadrant Capital Group LLC now owns 938 shares of the real estate investment trust’s stock worth $89,000 after buying an additional 841 shares during the period. Hedge funds and other institutional investors own 97.72% of the company’s stock.

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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