Life Storage (NYSE:LSI) Receiving Somewhat Favorable News Coverage, Accern Reports
Headlines about Life Storage (NYSE:LSI) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Life Storage earned a news impact score of 0.14 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.9631650663696 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Life Storage, Inc. (LSI) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Life Storage, Inc. (NYSE:LSI) Receives $90.27 Average PT from Analysts – ExpressNewsline (expressnewsline.com)
- Citigroup Inc. Reaffirms “Buy” Rating for Life Storage, Inc. (LSI) (americanbankingnews.com)
- Life Storage, Inc. (LSI) Stock Price stands -1.03% away from 20 SMA – Voice Of Analysts (analystsbuzz.com)
- $2.63 EPS Expected for Public Storage (NYSE:PSA) This Quarter (famososartistas.com)
Shares of Life Storage (LSI) opened at 72.13 on Friday. Life Storage has a 52-week low of $69.00 and a 52-week high of $95.05. The company has a market cap of $3.34 billion, a P/E ratio of 63.11 and a beta of 0.56. The company has a 50-day moving average price of $73.35 and a 200-day moving average price of $79.03.
Life Storage (NYSE:LSI) last announced its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by $0.02. Life Storage had a net margin of 10.28% and a return on equity of 2.56%. The firm had revenue of $132.78 million for the quarter, compared to the consensus estimate of $132.62 million. Life Storage’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.32 earnings per share. On average, equities analysts predict that Life Storage will post $2.21 EPS for the current 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. 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 payout ratio is 347.83%.
Several equities research analysts have recently issued reports on LSI shares. Cantor Fitzgerald lowered Life Storage from an “overweight” rating to a “neutral” rating and set a $78.00 target price for the company. in a research report on Friday, May 5th. TheStreet lowered Life Storage from a “b-” rating to a “c+” rating in a report on Monday, June 19th. Zacks Investment Research raised Life Storage from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. Wells Fargo & Company reissued a “market perform” rating and issued a $78.00 price objective (down previously from $85.00) on shares of Life Storage in a report on Saturday, July 22nd. Finally, UBS AG reissued a “neutral” rating and issued a $75.00 price objective (down previously from $80.00) on shares of Life Storage in a report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the stock. Life Storage presently has an average rating of “Hold” and a consensus target price of $85.00.
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Life Storage Company Profile
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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