Life Storage (LSI) Earning Somewhat Positive Press Coverage, Report Shows
Press coverage about Life Storage (NYSE:LSI) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Life Storage earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 46.2224298488139 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- Looking For a Catalyst: Updates on Life Storage, Inc. (NYSE:LSI … – FLBC News (flbcnews.com)
- Life Storage, Inc. Provides Hurricane Harvey Update – Business Wire (press release) (businesswire.com)
- Life Storage, Inc. (LSI) Downgraded by BidaskClub (americanbankingnews.com)
- Life Storage Inc (LSI) CMF Showing Increased Buying Pressure – Evergreen Caller (evergreencaller.com)
Shares of Life Storage (NYSE:LSI) opened at 74.31 on Monday. Life Storage has a 52 week low of $69.00 and a 52 week high of $95.05. The company has a 50 day moving average price of $73.28 and a 200 day moving average price of $78.05. The company has a market cap of $3.45 billion, a PE ratio of 65.01 and a beta of 0.56.
Life Storage (NYSE:LSI) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.33 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $132.62 million. During the same period in the prior year, the business posted $1.32 EPS. The firm’s quarterly revenue was up 24.1% compared to the same quarter last year. On average, equities analysts expect that Life Storage will post $1.92 earnings per share for the current year.
A number of brokerages have recently weighed in on LSI. UBS AG reiterated a “neutral” rating and issued a $75.00 target price (down previously from $80.00) on shares of Life Storage in a report on Wednesday, August 9th. Bank of America Corporation downgraded Life Storage from a “buy” rating to a “neutral” rating and set a $82.00 target price on the stock. in a report on Tuesday, May 9th. ValuEngine downgraded Life Storage from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Life Storage from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $80.00 target price on shares of Life Storage in a report on Wednesday, June 14th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the company. Life Storage has a consensus rating of “Hold” and an average target price of $80.73.
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In other news, CFO Andrew J. Gregoire bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $71.65 per share, with a total value of $107,475.00. Following the transaction, the chief financial officer now owns 48,173 shares in the company, valued at $3,451,595.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Arthur L. Havener, Jr. bought 990 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was purchased at an average cost of $73.20 per share, for a total transaction of $72,468.00. Following the transaction, the director now owns 7,413 shares in the company, valued at approximately $542,631.60. The disclosure for this purchase can be found here. In the last three months, insiders purchased 3,190 shares of company stock worth $230,042. 1.90% of the stock is owned by insiders.
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.
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