Life Storage Inc (NYSE:LSI) – Equities researchers at SunTrust Banks issued their FY2022 earnings estimates for Life Storage in a research report issued to clients and investors on Thursday. SunTrust Banks analyst K. Kim forecasts that the real estate investment trust will post earnings of $5.79 per share for the year. SunTrust Banks has a “Hold” rating and a $80.00 price objective on the stock.
Several other research firms have also weighed in on LSI. Zacks Investment Research lowered Life Storage from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley set a $70.00 target price on Life Storage and gave the stock a “sell” rating in a report on Monday, December 4th. Robert W. Baird lowered Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 target price for the company. in a report on Thursday, January 25th. Cantor Fitzgerald upped their price target on Life Storage from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Finally, BidaskClub upgraded Life Storage from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $81.79.
Life Storage (NYSE:LSI) traded down $0.68 on Friday, reaching $78.83. The company had a trading volume of 323,157 shares, compared to its average volume of 432,542. Life Storage has a 12-month low of $69.00 and a 12-month high of $91.75. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.85. The firm has a market cap of $3,634.06, a price-to-earnings ratio of 14.76, a P/E/G ratio of 3.12 and a beta of 0.52.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, January 16th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Friday, January 12th. Life Storage’s dividend payout ratio is presently 199.01%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Solaris Asset Management LLC bought a new stake in shares of Life Storage during the fourth quarter valued at approximately $112,000. Acadian Asset Management LLC bought a new stake in shares of Life Storage during the fourth quarter valued at approximately $131,000. Wolverine Asset Management LLC bought a new stake in shares of Life Storage during the fourth quarter valued at approximately $185,000. Bbva Compass Bancshares Inc. bought a new stake in shares of Life Storage during the fourth quarter valued at approximately $224,000. Finally, Perigon Wealth Management LLC increased its position in shares of Life Storage by 34.0% during the second 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 during the period.
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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