News coverage about Life Storage (NYSE:LSI) has trended somewhat positive on Sunday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Life Storage earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.1765581681046 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of equities analysts recently issued reports on the company. ValuEngine lowered Life Storage from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America reaffirmed a “hold” rating and issued a $93.00 price objective (up previously from $90.00) on shares of Life Storage in a report on Tuesday, May 8th. TheStreet raised Life Storage from a “c+” rating to a “b” rating in a report on Wednesday, May 2nd. SunTrust Banks lifted their price objective on Life Storage from $80.00 to $87.00 and gave the company a “hold” rating in a report on Friday, April 13th. Finally, Zacks Investment Research raised Life Storage from a “sell” rating to a “hold” rating in a report on Thursday, March 29th. Five 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. The company has an average rating of “Hold” and a consensus target price of $82.93.
LSI stock opened at $92.98 on Friday. Life Storage has a 12-month low of $69.00 and a 12-month high of $95.43. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market cap of $4.34 billion, a PE ratio of 17.51, a P/E/G ratio of 3.73 and a beta of 0.50.
Life Storage (NYSE:LSI) last posted its quarterly earnings results on Wednesday, May 2nd. The real estate investment trust reported $0.73 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.55). Life Storage had a net margin of 20.55% and a return on equity of 5.52%. The company had revenue of $133.10 million for the quarter, compared to analyst estimates of $134.71 million. During the same quarter in the previous year, the business posted $1.26 earnings per share. Life Storage’s revenue was up 3.7% on a year-over-year basis. analysts forecast that Life Storage will post 5.37 earnings per share for the current year.
In other news, Director Robert J. Attea sold 27,679 shares of Life Storage stock in a transaction that occurred on Thursday, May 10th. The shares were sold at an average price of $92.52, for a total transaction of $2,560,861.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Kenneth F. Myszka sold 10,000 shares of Life Storage stock in a transaction that occurred on Monday, May 7th. The shares were sold at an average price of $91.02, for a total transaction of $910,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 74,106 shares of company stock valued at $6,835,588. Insiders own 1.80% of the company’s stock.
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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