Life Storage, Inc. (NYSE:LSI)‘s stock had its “hold” rating reiterated by stock analysts at Cantor Fitzgerald in a research note issued on Thursday. They currently have a $73.00 price target on the real estate investment trust’s stock. Cantor Fitzgerald’s target price would suggest a potential downside of 8.93% from the company’s previous close.

LSI has been the topic of a number of other research reports. UBS AG reaffirmed a “neutral” rating and set a $75.00 price target (down previously from $80.00) on shares of Life Storage in a report on Wednesday, August 9th. Evercore ISI reaffirmed an “underperform” rating and set a $76.00 price target (up previously from $71.00) on shares of Life Storage in a report on Thursday. ValuEngine cut Life Storage from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut Life Storage from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $80.00 price target on shares of Life Storage in a report on Wednesday, June 14th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $77.82.

Life Storage (NYSE LSI) traded up 0.02% during trading on Thursday, reaching $80.18. The company’s stock had a trading volume of 235,001 shares. The firm has a 50 day moving average of $74.52 and a 200 day moving average of $77.70. The stock has a market capitalization of $3.72 billion, a price-to-earnings ratio of 70.15 and a beta of 0.57. Life Storage has a 52 week low of $69.00 and a 52 week high of $95.05.

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 business had revenue of $132.78 million for the quarter, compared to the consensus estimate of $132.62 million. Life Storage had a net margin of 10.28% and a return on equity of 2.56%. The business’s quarterly revenue was up 24.1% on a year-over-year basis. During the same period last year, the firm posted $1.32 EPS. Analysts expect that Life Storage will post $1.91 EPS for the current year.

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In other Life Storage news, insider Paul T. Powell purchased 700 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $71.57 per share, for a total transaction of $50,099.00. Following the completion of the transaction, the insider now owns 44,996 shares in the company, valued at approximately $3,220,363.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew J. Gregoire purchased 1,500 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was acquired at an average price of $71.65 per share, for a total transaction of $107,475.00. Following the transaction, the chief financial officer now owns 48,173 shares of the company’s stock, valued at approximately $3,451,595.45. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 3,190 shares of company stock worth $230,042. 1.90% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of LSI. Bank of Montreal Can grew its position in Life Storage by 2.3% in the first quarter. Bank of Montreal Can now owns 14,028 shares of the real estate investment trust’s stock worth $1,153,000 after buying an additional 315 shares during the last quarter. Canada Pension Plan Investment Board grew its position in Life Storage by 70.2% in the first quarter. Canada Pension Plan Investment Board now owns 8,000 shares of the real estate investment trust’s stock worth $657,000 after buying an additional 3,300 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Life Storage by 4.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 7,365 shares of the real estate investment trust’s stock worth $605,000 after buying an additional 340 shares during the last quarter. Great West Life Assurance Co. Can grew its position in Life Storage by 2.7% in the first quarter. Great West Life Assurance Co. Can now owns 57,533 shares of the real estate investment trust’s stock worth $4,722,000 after buying an additional 1,527 shares during the last quarter. Finally, State Treasurer State of Michigan grew its position in Life Storage by 1.1% in the first quarter. State Treasurer State of Michigan now owns 18,900 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 99.62% of the company’s stock.

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.

Analyst Recommendations for Life Storage (NYSE:LSI)

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