Life Storage (NYSE: LSI) has recently received a number of price target changes and ratings updates:

  • 8/10/2017 – Life Storage had its “buy” rating reaffirmed by analysts at Citigroup Inc.. They now have a $85.00 price target on the stock, down previously from $98.00.
  • 8/9/2017 – Life Storage had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $75.00 price target on the stock, down previously from $80.00.
  • 8/7/2017 – Life Storage was downgraded by analysts at Evercore ISI from an “in-line” rating to an “underperform” rating. They now have a $71.00 price target on the stock, down previously from $77.00.
  • 8/3/2017 – Life Storage had its “neutral” rating reaffirmed by analysts at UBS AG. They now have a $75.00 price target on the stock, down previously from $80.00.
  • 7/22/2017 – Life Storage had its “market perform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $78.00 price target on the stock, down previously from $85.00.
  • 7/20/2017 – Life Storage had its price target lowered by analysts at Bank of America Corporation from $82.00 to $76.00. They now have a “neutral” rating on the stock.
  • 6/19/2017 – Life Storage was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
  • 6/14/2017 – Life Storage had its “hold” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $80.00 price target on the stock.

Shares of Life Storage, Inc. (NYSE LSI) traded down 0.51% during midday trading on Thursday, hitting $72.60. The company had a trading volume of 99,545 shares. The company’s 50 day moving average is $73.51 and its 200 day moving average is $79.16. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 63.52 and a beta of 0.56. Life Storage, Inc. has a one year low of $69.00 and a one year high of $95.05.

Life Storage (NYSE:LSI) last released its quarterly earnings data on Wednesday, August 2nd. The real estate investment trust reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.35 by $0.02. Life Storage had a net margin of 10.28% and a return on equity of 2.56%. The company had revenue of $132.78 million during the quarter, compared to the consensus estimate of $132.62 million. During the same quarter in the prior year, the company posted $1.32 earnings per share. The company’s revenue for the quarter was up 24.1% on a year-over-year basis. Equities analysts forecast that Life Storage, Inc. will post $2.21 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Monday, July 17th were paid a $1.00 dividend. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $4.00 annualized dividend and a dividend yield of 5.48%. Life Storage’s dividend payout ratio is currently 347.83%.

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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