BidaskClub upgraded shares of Life Storage, Inc. (NYSE:LSI) from a hold rating to a buy rating in a research report sent to investors on Monday morning.

A number of other brokerages have also recently commented on LSI. Evercore ISI reiterated an underperform rating and issued a $76.00 price target (up previously from $71.00) on shares of Life Storage in a research note on Thursday, September 14th. Cantor Fitzgerald reiterated a hold rating and issued a $73.00 price target on shares of Life Storage in a research note on Thursday, September 14th. BMO Capital Markets began coverage on shares of Life Storage in a research note on Monday, September 11th. They issued an underperform rating and a $73.00 price target for the company. FBR & Co cut shares of Life Storage from a neutral rating to a sell rating and set a $70.00 price target for the company. in a research note on Tuesday, September 12th. Finally, Zacks Investment Research upgraded shares of Life Storage from a sell rating to a hold rating in a research note on Wednesday, May 24th. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $77.82.

Life Storage (NYSE:LSI) opened at 81.17 on Monday. Life Storage has a one year low of $69.00 and a one year high of $95.05. The company has a market cap of $3.76 billion, a P/E ratio of 71.01 and a beta of 0.57. The company has a 50-day moving average of $74.99 and a 200 day moving average of $77.43.

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). The firm had revenue of $132.78 million during 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%. The business’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.32 EPS. Equities research analysts predict 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 stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $71.57 per share, with a total value of $50,099.00. Following the completion of the transaction, the insider now owns 44,996 shares in the company, valued at $3,220,363.72. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur L. Havener, Jr. purchased 990 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average cost of $73.20 per share, for a total transaction of $72,468.00. Following the completion of the transaction, the director now owns 7,413 shares of the company’s stock, valued at approximately $542,631.60. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 3,190 shares of company stock worth $230,042. 1.90% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Life Storage by 2.5% during the first quarter. Vanguard Group Inc. now owns 7,298,673 shares of the real estate investment trust’s stock worth $599,367,000 after acquiring an additional 179,513 shares during the period. BlackRock Inc. increased its position in Life Storage by 1.0% during the second quarter. BlackRock Inc. now owns 4,995,403 shares of the real estate investment trust’s stock worth $370,160,000 after acquiring an additional 47,591 shares during the period. Goldman Sachs Group Inc. increased its position in Life Storage by 28.1% during the first quarter. Goldman Sachs Group Inc. now owns 2,647,175 shares of the real estate investment trust’s stock worth $217,386,000 after acquiring an additional 580,486 shares during the period. State Street Corp increased its position in Life Storage by 1.0% during the first quarter. State Street Corp now owns 2,045,152 shares of the real estate investment trust’s stock worth $167,946,000 after acquiring an additional 20,956 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in Life Storage by 50.4% during the first quarter. Massachusetts Financial Services Co. MA now owns 1,466,964 shares of the real estate investment trust’s stock worth $120,467,000 after acquiring an additional 491,689 shares during the period. 96.83% of the stock is currently owned by institutional investors and hedge funds.

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)

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