Equity research analysts at Evercore ISI decreased their price objective for Life Storage (NYSE: LSI) from $138.00 to $135.00 in a letter distributed to shareholders on Monday. The Fly shared the information in their article. When compared to the most recent price at which the company’s stock was traded, the price objective that Evercore ISI proposed represents a potential increase of 14.76%. Other research analysts have recently authored studies on the stock, which have just recently been published. In a report released on June 30, the analysts at Jefferies Financial Group decreased their price objective for shares of Life Storage from $166.00 to $127.00. However, they did not change the “buy” recommendation they had previously given for the business. In a research note published on June 16, KeyCorp lowered its price target on Life Storage shares from $160.00 to $140.00 in a research note.
Despite this modification, they maintained their “overweight” recommendation on the stock. Because of this development, Truist Financial raised its price objective for Life Storage shares from $132.00 to $138.00 and elevated its “hold” rating for the firm to reflect this adjustment. The research note that was released on August 15 can be found here. Citigroup said on August 22 they were boosting their target price for Life Storage shares to $154.00. The announcement was made in a research report released on August 22. Raymond James raised their price target on Life Storage shares from $125.00 to $145.00 and awarded the company an “outperform” rating in a research report published on Tuesday, August 16. This is the last but not the least of the business’s recent accolades. Six analysts believe the stock should be purchased, while five experts think it should be held. According to the data provided by Bloomberg, the average price objective for Life Storage is $144.45; the overall recommendation for the firm is “Moderate Buy,” and the price range for the company is $114.15 to $146.25.
When trading began on Monday, a share of Life Storage was selling for $117.64 per unit. Based on the company’s P/E ratio of 31.29, its P/E/G ratio of 5.07, and its beta value of 0.59, it has been determined that the company’s market capitalization is $9.93 billion. The firm now has a simple moving average of $125.84 for the past fifty days, while the company’s simple moving average for the past 200 days is $125.58. It has a debt-to-equity ratio of 0.88, a current ratio of 0.45, and a quick ratio of the same value. There is no difference between any of the three ratios. During the previous year, the price of Life Storage ranged from a low of $100.66 to a high of $154.45 at some point during that same period.
On August 3, 2013, Life Storage released its most recent quarterly earnings report to the public. Life Storage is a company that trades on the New York Stock Exchange (NYSE) under the ticker LSI. The real estate investment trust (REIT) posted quarterly profits of $1.09 per share, which fell short of the market experts’ expectations of $1.53 per share for quarterly profits. Life Storage has a return on equity of 9.20% and a net margin of 33.90%. Both of these figures are impressive. During the same period the year before, the company recorded $1.20 per share of profits. Sell-side analysts predict that Life Storage will make $6.39 per share in profit in the current fiscal year.
More on life storage: According to more news on Life Storage, on Tuesday, August 9, Joseph Saffire, the Chief Executive Officer of Life Storage, sold 5,044 shares of the company’s stock. It was established that each share was sold at an average price of $131.22, which led to a total selling volume of 661,873.68 dollars. The price at which each share was sold was determined to be $131.22. After the deal’s completion, the CEO has direct ownership of 61,305 business shares, which have a value of $8,044,442.10 total. The transaction notification was provided to the Securities and Exchange Commission in the form of a filing; the full document can be accessed by following the link provided in the previous sentence. The total number of shares held by insiders of the corporation is 0.50%.
Significant investors have recently been active in the market, buying and selling the company’s stock. During the final three months of 2018, Covestor Ltd. made a fresh investment of about $41,000 in the company Life Storage. During the last three months of 2018, Level Four Advisory Services, LLC increased its market share in the Life Storage industry by 3.6%. As a result of Level Four Advisory Services LLC’s purchase of an additional 82 shares of the real estate investment trust’s stock during the most recent quarter, the company now holds a total of 2,354 shares of the company’s stock. The current value of these shares on the market is 361,000 dollars. American International Group Inc. boosted the number of Life Storage shares it owned by 2.8% during the fourth quarter of 2018.
American International Group Inc. now holds 138,702 shares of the real estate investment trust following the purchase of an additional 3,829 shares during the most recent quarter. The value of all of the company’s 138,702 shares of the REIT comes to a combined total of $21,246,000. The value of Invesco Ltd.’s investment in Life Storage climbed by 10.6% during the final three months of 2018. Due to purchasing an additional 225,196 shares during the most recent quarter, Invesco Ltd. now has a total of 2,348,107 shares of the real estate investment trust. The value of Invesco Ltd.’s combined holdings of these shares is currently $359,684,000. Last but not least, over the final three months of 2018, Schroder Investment Management Group made a 37.5% increase in the amount of Life Storage stock it owned, bringing the total to 100%. After making an additional purchase of 1,215 shares during the most recent quarter, Schroder Investment Management Group now has 4,456 shares of the real estate investment trust. These 4,456 shares have a combined value of $680,000, and Schroder Investment Management Group now owns 4,456 shares. At present, 91.03 percent of the company’s shares are held by institutional investors, including hedge funds and other sorts.
The company known as Life Storage, Inc. is a self-managed equity REIT engaged in purchasing and managing self-storage facilities. The corporation, which has its headquarters in Buffalo, New York, and a presence in all thirty states of the United States and the province of Ontario in Canada, is responsible for managing more than 900 self-storage facilities. Users from families and enterprises have access to storage rooms, and they can hire these rooms on a month-to-month basis. The user can rent out these rooms.