Life Storage (LSI) Earning Somewhat Positive News Coverage, Report Finds

Media stories about Life Storage (NYSE:LSI) have been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Life Storage earned a coverage optimism score of 0.22 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 48.1061034276239 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have effected Accern Sentiment’s rankings:

Shares of Life Storage (LSI) traded down $1.30 on Friday, hitting $80.58. 477,682 shares of the stock were exchanged, compared to its average volume of 389,681. The firm has a market capitalization of $3,749.95, a price-to-earnings ratio of 40.09, a P/E/G ratio of 3.22 and a beta of 0.52. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.19 and a quick ratio of 0.19. Life Storage has a 1-year low of $69.00 and a 1-year high of $91.75.

Life Storage (NYSE:LSI) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.54). The company had revenue of $135.57 million for the quarter, compared to analyst estimates of $132.44 million. Life Storage had a net margin of 17.79% and a return on equity of 4.65%. equities research analysts predict that Life Storage will post 5.28 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, January 16th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Friday, January 12th. Life Storage’s dividend payout ratio is currently 199.01%.

A number of equities research analysts have issued reports on LSI shares. KeyCorp restated a “hold” rating on shares of Life Storage in a report on Thursday, October 12th. Zacks Investment Research cut shares of Life Storage from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley set a $70.00 price target on shares of Life Storage and gave the company a “sell” rating in a report on Monday, December 4th. Robert W. Baird cut shares of Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 price target for the company. in a report on Thursday, January 25th. Finally, Cantor Fitzgerald upped their price target on shares of Life Storage from $73.00 to $81.00 and gave the company a “neutral” rating in a report on Friday, November 10th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the company. Life Storage currently has a consensus rating of “Hold” and an average price target of $81.79.

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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.

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