Life Storage, Inc. (NYSE:LSI) has received a buy consensus rating from analysts.

Life Storage, Inc. (NYSE:LSI – Get Rating) stock has an average rating of “buy” from the ten rating agencies that currently rate the company, reports Marketbeat. Four equity analysts have given the company a hold recommendation and five have given it a buy recommendation. The average 12-month target price among brokers who have issued a report on the stock over the past year is $144.33.

Several research companies have recently commented on LSI. JPMorgan Chase & Co. raised its target price on Life Storage shares to $154.00 from $142.00 and gave the company a neutral rating in a report Monday, April 4. Truist Financial has lowered its target price on Life Storage shares to $132.00 from $138.00 and gave the stock a “hold” rating in a report on Wednesday, June 1st. KeyCorp lowered its target price on Life Storage shares to $144.00 from $160.00 and gave the stock an overweight rating in a report on Thursday, June. StockNews.com began coverage of Life Storage shares in a report on Thursday, March 31st. They gave the stock a “hold” rating. Finally, in a report on Thursday, May, BMO Capital Markets lowered Life Storage shares from a “outperform” rating to a “market perform” rating and lowered the price target on the stock to 130.00 from $150.00 $.

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Major investors have recently bought and sold shares in the company. UBS Group AG increased its position in Life Storage shares by 47.3% in the third quarter. UBS Group AG now owns 193,528 shares of Real Estate Investment Trust valued at $22,205,000 after purchasing an additional 62,108 shares during the period. Thrivent Financial for Lutherans increased its position in Life Storage by 1.8% in the third quarter. Thrivent Financial for Lutherans now owns 155,366 shares of Real Estate Investment Trust valued at $17,827,000 after purchasing an additional 2,785 shares during the period. MetLife Investment Management LLC increased its position in Life Storage shares by 1.5% in the fourth quarter. MetLife Investment Management LLC now owns 39,749 shares of Real Estate Investment Trust valued at $6,089,000 after purchasing an additional 578 shares during the period. Gotham Asset Management LLC acquired a new stake in Life Storage stock valued at approximately $208,000 during the fourth quarter. Finally, during the fourth quarter, Capital Square LLC acquired a new stake in Life Storage stock valued at approximately $279,000. 91.67% of the shares are owned by hedge funds and other institutional investors.

NYSE:LSI shares opened at $105.23 on Tuesday. The company’s 50-day moving average price is $122.53 and its 200-day moving average price is $132.35. The company has a market cap of $8.88 billion, a price-to-earnings ratio of 30.86, a PEG ratio of 4.72, and a beta of 0.55. Life Storage has a yearly low of $100.66 and a yearly high of $154.45. The company has a gearing ratio of 0.84, a current ratio of 0.62 and a quick ratio of 0.62.

Life Storage (NYSE:LSI – Get Rating) last issued its quarterly earnings results on Wednesday, May 4th. The Real Estate Investment Trust reported earnings per share of $0.88 for the quarter, missing analyst consensus estimates of $0.89 ($0.01). Life Storage had a return on equity of 8.71% and a net margin of 32.60%. The company had revenue of $233.49 million for the quarter, compared to the consensus estimate of $230.01 million. In the same period last year, the company earned $1.08 per share. Life Storage’s quarterly revenue increased 35.8% year over year. As a group, equity analysts expect Life Storage to post 6.15 EPS for the year to date.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 26th. Stockholders of record on Thursday, April 14 received a dividend of $1.00. The ex-dividend date was Wednesday April 13th. This equates to an annualized dividend of $4.00 and a dividend yield of 3.80%. Life Storage’s payout ratio is 117.30%.

About LifeStorage (received rating)

Life Storage, Inc is a self-governed and self-administered equity REIT engaged in the acquisition and management of self-storage facilities. Based in Buffalo, New York, the company operates more than 900 storage facilities in 30 states and in the province of Ontario, Canada. The company serves both private and commercial storage customers with monthly rented storage units.

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Analyst Recommendations for Life Storage (NYSE:LSI)

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