Shares of Life Storage Inc (NYSE:LSI) have earned a consensus rating of “Hold” from the eighteen brokerages that are presently covering the company, Marketbeat reports. Six analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $81.17.

A number of brokerages recently commented on LSI. BMO Capital Markets restated a “sell” rating and issued a $73.00 price objective on shares of Life Storage in a research report on Thursday, November 2nd. Wells Fargo & Co set a $91.00 target price on shares of Life Storage and gave the company a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research raised shares of Life Storage from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a report on Friday, November 3rd. B. Riley set a $70.00 target price on shares of Life Storage and gave the company a “sell” rating in a report on Tuesday, November 14th. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $75.00 target price on shares of Life Storage in a report on Friday, November 3rd.

Several institutional investors and hedge funds have recently modified their holdings of LSI. Land & Buildings Investment Management LLC purchased a new position in shares of Life Storage during the 3rd quarter worth approximately $67,395,000. Macquarie Group Ltd. increased its stake in shares of Life Storage by 373.4% during the 2nd quarter. Macquarie Group Ltd. now owns 709,252 shares of the real estate investment trust’s stock worth $52,555,000 after purchasing an additional 559,428 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Life Storage by 922.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 590,488 shares of the real estate investment trust’s stock worth $47,699,000 after purchasing an additional 532,721 shares in the last quarter. Barings LLC purchased a new position in shares of Life Storage during the 3rd quarter worth approximately $22,872,000. Finally, Prudential Financial Inc. increased its stake in shares of Life Storage by 840.0% during the 3rd quarter. Prudential Financial Inc. now owns 299,983 shares of the real estate investment trust’s stock worth $24,542,000 after purchasing an additional 268,070 shares in the last quarter.

Shares of Life Storage (NYSE:LSI) traded up $0.27 during trading hours on Friday, reaching $79.17. 222,444 shares of the company were exchanged, compared to its average volume of 409,613. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $3,686.18, a P/E ratio of 39.41, a P/E/G ratio of 3.16 and a beta of 0.52. Life Storage has a 1 year low of $69.00 and a 1 year high of $91.75.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, January 16th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, January 12th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.05%. Life Storage’s dividend payout ratio (DPR) is 199.01%.

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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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