Life Storage Inc (NYSE:LSI)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $102.39 and last traded at $102.39, with a volume of 6766 shares changing hands. The stock had previously closed at $101.00.

LSI has been the topic of several recent analyst reports. ValuEngine upgraded shares of Life Storage from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Zacks Investment Research downgraded shares of Life Storage from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. TheStreet upgraded shares of Life Storage from a “c+” rating to a “b” rating in a report on Wednesday, May 2nd. Citigroup increased their price target on shares of Life Storage from $83.00 to $100.00 and gave the stock a “neutral” rating in a report on Thursday, July 12th. Finally, DA Davidson increased their price target on shares of Life Storage to $105.00 in a report on Friday, August 3rd. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $88.64.

The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 19.25, a P/E/G ratio of 3.97 and a beta of 0.44.

Life Storage (NYSE:LSI) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.34 by ($0.50). Life Storage had a return on equity of 6.53% and a net margin of 24.04%. The business had revenue of $138.00 million during the quarter, compared to analyst estimates of $135.97 million. During the same quarter last year, the company posted $1.33 EPS. Life Storage’s quarterly revenue was up 3.9% compared to the same quarter last year. research analysts expect that Life Storage Inc will post 5.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 26th. Shareholders of record on Monday, July 16th were given a $1.00 dividend. The ex-dividend date of this dividend was Friday, July 13th. This represents a $4.00 annualized dividend and a yield of 3.92%. Life Storage’s dividend payout ratio is presently 75.33%.

In other Life Storage news, President Kenneth F. Myszka sold 5,476 shares of the company’s stock in a transaction that occurred on Wednesday, May 23rd. The stock was sold at an average price of $91.00, for a total value of $498,316.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in LSI. Point72 Hong Kong Ltd purchased a new stake in Life Storage in the 2nd quarter worth approximately $104,000. Steward Partners Investment Advisory LLC boosted its position in Life Storage by 333.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,300 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 1,000 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in Life Storage in the 2nd quarter worth approximately $145,000. Sumitomo Mitsui Asset Management Company LTD purchased a new stake in Life Storage in the 2nd quarter worth approximately $206,000. Finally, Hudson Valley Investment Advisors Inc. ADV purchased a new stake in Life Storage in the 2nd quarter worth approximately $208,000. Institutional investors and hedge funds own 95.73% of the company’s stock.

Life Storage Company Profile (NYSE:LSI)

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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