Shares of Life Storage Inc (NYSE:LSI) have been given an average rating of “Hold” by the seventeen analysts that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $80.18.
A number of brokerages have issued reports on LSI. UBS Group downgraded shares of Life Storage from a “neutral” rating to a “sell” rating and set a $75.00 price objective on the stock. in a research note on Friday, December 15th. Citigroup downgraded shares of Life Storage from a “buy” rating to a “neutral” rating and set a $95.00 price objective on the stock. in a research note on Thursday, December 14th. B. Riley set a $70.00 price objective on shares of Life Storage and gave the stock a “sell” rating in a research note on Monday, December 4th. Wells Fargo & Co set a $91.00 price objective on shares of Life Storage and gave the stock a “hold” rating in a research note on Thursday, November 30th. Finally, Jefferies Group set a $86.00 price objective on shares of Life Storage and gave the stock a “hold” rating in a research note on Tuesday, November 28th.
Institutional investors and hedge funds have recently bought and sold shares of the company. Advisor Group Inc. boosted its stake in shares of Life Storage by 14.9% in the 2nd quarter. Advisor Group Inc. now owns 2,986 shares of the real estate investment trust’s stock valued at $221,000 after purchasing an additional 387 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Life Storage by 34.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,150 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 800 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Life Storage by 9.4% in the 2nd quarter. M&T Bank Corp now owns 3,246 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 278 shares in the last quarter. Shelton Capital Management acquired a new stake in shares of Life Storage in the 2nd quarter valued at approximately $255,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Life Storage by 145.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,877 shares of the real estate investment trust’s stock valued at $478,000 after purchasing an additional 3,484 shares in the last quarter. Institutional investors own 99.62% of the company’s stock.
Life Storage (NYSE:LSI) traded down $0.93 during mid-day trading on Monday, hitting $84.57. 397,500 shares of the company traded hands, compared to its average volume of 375,914. The firm has a market capitalization of $3,950.00, a P/E ratio of 42.07, a PEG ratio of 3.56 and a beta of 0.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.19 and a quick ratio of 0.19. Life Storage has a fifty-two week low of $69.00 and a fifty-two week high of $91.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 26th. Stockholders of record on Tuesday, January 16th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.73%. Life Storage’s payout ratio is currently 199.00%.
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Life Storage Company Profile
Life Storage, Inc, formerly Sovran Self Storage, Inc, is a self-administered and self-managed real estate company. The Company acquires, owns and manages self-storage properties. The Company owns its assets and conducts its operations through Life Storage LP (the Operating Partnership) and subsidiaries of the Operating Partnership.
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