Shares of Life Storage Inc (NYSE:LSI) have received a consensus rating of “Hold” from the eighteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $81.17.
LSI has been the topic of several research analyst reports. KeyCorp reaffirmed a “hold” rating on shares of Life Storage in a research note on Thursday, October 12th. BMO Capital Markets reissued a “sell” rating and issued a $73.00 price target on shares of Life Storage in a research note on Thursday, November 2nd. DA Davidson boosted their price target on Life Storage to $85.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Zacks Investment Research raised Life Storage from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research note on Friday, November 3rd. Finally, SunTrust Banks reissued a “hold” rating and issued a $75.00 price target on shares of Life Storage in a research note on Friday, November 3rd.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Westwood Holdings Group Inc. lifted its holdings in Life Storage by 0.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 9,770 shares of the real estate investment trust’s stock worth $724,000 after purchasing an additional 75 shares during the last quarter. Ameritas Investment Partners Inc. lifted its holdings in Life Storage by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,914 shares of the real estate investment trust’s stock worth $1,031,000 after purchasing an additional 210 shares during the last quarter. M&T Bank Corp lifted its holdings in 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 worth $241,000 after purchasing an additional 278 shares during the last quarter. Advisor Group Inc. lifted its holdings in 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 worth $221,000 after purchasing an additional 387 shares during the last quarter. Finally, AMP Capital Investors Ltd lifted its holdings in Life Storage by 3.5% in the 3rd quarter. AMP Capital Investors Ltd now owns 17,696 shares of the real estate investment trust’s stock worth $1,448,000 after purchasing an additional 600 shares during the last quarter.
Life Storage (NYSE:LSI) opened at $80.58 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.19 and a current ratio of 0.19. Life Storage has a 12 month low of $69.00 and a 12 month high of $91.75. The firm has a market capitalization of $3,749.94, a PE ratio of 40.09, a price-to-earnings-growth ratio of 3.22 and a beta of 0.52.
The company also recently declared a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, January 16th were paid a $1.00 dividend. The ex-dividend date was Friday, January 12th. This represents a $4.00 annualized dividend and a dividend yield of 4.96%. Life Storage’s payout ratio is 199.01%.
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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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