Life Storage Inc (NYSE:LSI) was the recipient of some unusual options trading on Tuesday. Investors acquired 2,846 put options on the stock. This is an increase of approximately 2,396% compared to the typical daily volume of 114 put options.
Shares of LSI stock opened at $82.07 on Wednesday. Life Storage has a 12 month low of $69.00 and a 12 month high of $91.75. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $3,786.39, a price-to-earnings ratio of 39.65, a PEG ratio of 3.25 and a beta of 0.56.
Life Storage (NYSE:LSI) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.03. The business had revenue of $133.08 million for the quarter, compared to analysts’ expectations of $133.46 million. Life Storage had a return on equity of 4.83% and a net margin of 18.19%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.31 EPS. research analysts forecast that Life Storage will post 5.38 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Xact Kapitalforvaltning AB acquired a new position in shares of Life Storage in the 4th quarter worth $341,000. MetLife Investment Advisors LLC acquired a new position in shares of Life Storage in the 4th quarter worth $2,623,000. Snow Park Capital Partners LP acquired a new position in shares of Life Storage in the 4th quarter worth $10,767,000. BB&T Securities LLC grew its holdings in shares of Life Storage by 24.5% in the 4th quarter. BB&T Securities LLC now owns 4,471 shares of the real estate investment trust’s stock worth $398,000 after acquiring an additional 881 shares during the last quarter. Finally, Vident Investment Advisory LLC acquired a new position in shares of Life Storage in the 4th quarter worth $278,000.
Several analysts have weighed in on LSI shares. UBS downgraded Life Storage from a “neutral” rating to a “sell” rating and set a $75.00 target price on the stock. in a research note on Friday, December 15th. Citigroup downgraded 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. Bank of America raised Life Storage from an “underperform” rating to a “neutral” rating in a research note on Tuesday, November 21st. B. Riley set a $70.00 price objective on Life Storage and gave the stock a “sell” rating in a research note on Monday, December 4th. Finally, Wells Fargo set a $91.00 price objective on Life Storage and gave the stock a “hold” rating in a research note on Thursday, November 30th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $81.29.
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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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