Life Storage Inc (LSI) Given a $85.00 Price Target by FBR & Co Analysts
LSI has been the topic of a number of other research reports. Zacks Investment Research upgraded Life Storage from a sell rating to a hold rating in a research report on Thursday, December 15th. TheStreet downgraded Life Storage from a buy rating to a hold rating in a research report on Wednesday, November 2nd. SunTrust Banks, Inc. downgraded Life Storage from a buy rating to a hold rating and set a $86.00 target price on the stock. in a research report on Thursday, January 19th. Robert W. Baird downgraded Life Storage from an outperform rating to a neutral rating and reduced their target price for the company from $108.00 to $92.00 in a research report on Thursday, January 5th. Finally, Cantor Fitzgerald set a $108.00 target price on Life Storage and gave the company a buy rating in a research report on Wednesday, November 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $99.55.
Shares of Life Storage (NYSE:LSI) traded up 0.96% during midday trading on Thursday, reaching $85.27. The company had a trading volume of 250,934 shares. The company has a market capitalization of $3.93 billion, a P/E ratio of 35.90 and a beta of 0.54. Life Storage has a 52 week low of $77.00 and a 52 week high of $118.18. The company’s 50 day moving average price is $83.00 and its 200-day moving average price is $85.80.
Life Storage (NYSE:LSI) last announced its quarterly earnings data on Wednesday, February 15th. The real estate investment trust reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.57 by $0.74. Life Storage had a return on equity of 5.62% and a net margin of 22.63%. On average, equities research analysts predict that Life Storage will post $2.09 earnings per share for the current fiscal year.
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The firm also recently announced a quarterly dividend, which was paid on Thursday, January 26th. Shareholders of record on Tuesday, January 17th were given a $0.95 dividend. The ex-dividend date of this dividend was Thursday, January 12th. This represents a $3.80 dividend on an annualized basis and a yield of 4.50%. Life Storage’s dividend payout ratio is currently 152.61%.
A number of large investors have recently bought and sold shares of LSI. PNC Financial Services Group Inc. purchased a new stake in Life Storage during the third quarter valued at about $115,000. Daiwa Securities Group Inc. purchased a new stake in Life Storage during the third quarter valued at about $151,000. Tower Research Capital LLC TRC purchased a new stake in Life Storage during the third quarter valued at about $162,000. Riverhead Capital Management LLC purchased a new stake in Life Storage during the third quarter valued at about $187,000. Finally, MSI Financial Services Inc purchased a new stake in Life Storage during the third quarter valued at about $200,000. Institutional investors own 90.72% of the company’s stock.
About Life Storage
Life Storage, Inc, formerly Sovran Self Storage, Inc, is a self-administered and self-managed real estate investment trust. The Company owns and operates self-storage facilities across the United States. As of June 30, 2016, the Company had an ownership interest in and/or managed 563 self-storage properties in 26 states under the name Uncle Bob’s Self Storage.
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