Shares of Life Storage, Inc. (NYSE:LSI) have earned an average recommendation of “Hold” from the sixteen research firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $85.00.

A number of research analysts have commented on the stock. Zacks Investment Research downgraded shares of Life Storage from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. Cantor Fitzgerald downgraded shares of Life Storage from an “overweight” rating to a “neutral” rating and set a $78.00 price objective on the stock. in a research note on Friday, May 5th. Bank of America Corporation reduced their price objective on shares of Life Storage from $82.00 to $76.00 and set a “neutral” rating on the stock in a research note on Thursday, July 20th. Citigroup Inc. reiterated a “buy” rating and set a $92.00 price objective (down from $100.00) on shares of Life Storage in a research note on Sunday, May 14th. Finally, FBR & Co set a $79.00 price objective on shares of Life Storage and gave the company a “hold” rating in a research note on Thursday, May 4th.

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Life Storage by 2.5% in the first quarter. Vanguard Group Inc. now owns 7,298,673 shares of the real estate investment trust’s stock valued at $599,367,000 after buying an additional 179,513 shares in the last quarter. BlackRock Inc. boosted its stake in Life Storage by 1.0% in the second quarter. BlackRock Inc. now owns 4,995,403 shares of the real estate investment trust’s stock valued at $370,160,000 after buying an additional 47,591 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Life Storage by 28.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,647,175 shares of the real estate investment trust’s stock valued at $217,386,000 after buying an additional 580,486 shares in the last quarter. State Street Corp boosted its stake in Life Storage by 1.0% in the first quarter. State Street Corp now owns 2,045,152 shares of the real estate investment trust’s stock valued at $167,946,000 after buying an additional 20,956 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in Life Storage by 50.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 1,466,964 shares of the real estate investment trust’s stock valued at $120,467,000 after buying an additional 491,689 shares in the last quarter. Institutional investors and hedge funds own 96.44% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is owned by of American Banking News. If you are accessing this article on another domain, it was illegally stolen and reposted in violation of international copyright law. The original version of this article can be read at https://www.americanbankingnews.com/2017/08/11/life-storage-inc-lsi-receives-consensus-rating-of-hold-from-analysts.html.

Shares of Life Storage (LSI) traded down 2.02% during mid-day trading on Friday, hitting $72.13. 762,997 shares of the stock were exchanged. The stock has a market cap of $3.34 billion, a PE ratio of 63.11 and a beta of 0.56. Life Storage has a one year low of $69.00 and a one year high of $95.05. The company has a 50-day moving average of $73.35 and a 200 day moving average of $79.03.

Life Storage (NYSE:LSI) last released its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.35 by $0.02. The firm had revenue of $132.78 million for the quarter, compared to analyst estimates of $132.62 million. Life Storage had a net margin of 10.28% and a return on equity of 2.56%. Life Storage’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.32 earnings per share. On average, equities analysts predict that Life Storage will post $2.21 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Monday, July 17th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 5.55%. The ex-dividend date of this dividend was Thursday, July 13th. Life Storage’s dividend payout ratio (DPR) is currently 347.83%.

About Life Storage

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.

Analyst Recommendations for Life Storage (NYSE:LSI)

Receive News & Ratings for Life Storage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Storage Inc. and related companies with MarketBeat.com's FREE daily email newsletter.