News coverage about Life Storage (NYSE:LSI) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Life Storage earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.3070229494554 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of equities analysts have commented on LSI shares. BMO Capital Markets raised Life Storage from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $78.00 to $79.00 in a research note on Friday, March 2nd. Jefferies Group set a $82.00 price objective on Life Storage and gave the stock a “hold” rating in a research note on Monday, March 5th. Zacks Investment Research raised Life Storage from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Cantor Fitzgerald reissued a “hold” rating and issued a $86.00 price objective on shares of Life Storage in a research note on Wednesday, February 21st. Finally, Citigroup reissued a “hold” rating and issued a $83.00 price objective (down previously from $95.00) on shares of Life Storage in a research note on Thursday, March 1st. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has assigned a strong buy rating to the stock. Life Storage currently has an average rating of “Hold” and a consensus target price of $81.79.
Shares of LSI opened at $87.81 on Wednesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.85. Life Storage has a 12-month low of $69.00 and a 12-month high of $91.75. The firm has a market cap of $4,012.92, a PE ratio of 16.54, a PEG ratio of 3.46 and a beta of 0.48.
Life Storage (NYSE:LSI) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.03. Life Storage had a return on equity of 4.83% and a net margin of 18.19%. The business had revenue of $133.08 million for the quarter, compared to analyst estimates of $133.46 million. During the same quarter in the prior year, the firm posted $1.31 earnings per share. The firm’s revenue for the quarter was up 3.4% compared to the same quarter last year. research analysts anticipate that Life Storage will post 5.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Friday, April 13th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Thursday, April 12th. Life Storage’s dividend payout ratio (DPR) is presently 75.33%.
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About Life Storage
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 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month.
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