Life Storage Sees Unusually Large Options Volume (LSI)

Life Storage Inc (NYSE:LSI) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 3,382 put options on the company. This is an increase of 1,333% compared to the average volume of 236 put options.

Shares of Life Storage (NYSE:LSI) opened at $84.11 on Friday. Life Storage has a 1 year low of $69.00 and a 1 year high of $91.75. The company has a market cap of $3,924.45, a PE ratio of 41.85, a P/E/G ratio of 3.47 and a beta of 0.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.19 and a current ratio of 0.19.

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 Thomson Reuters’ consensus estimate of $1.35 by ($0.54). Life Storage had a net margin of 17.79% and a return on equity of 4.65%. The firm had revenue of $135.57 million for the quarter, compared to analysts’ expectations of $132.44 million. equities analysts predict that Life Storage will post 5.28 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, January 16th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.76%. The ex-dividend date of this dividend was Friday, January 12th. Life Storage’s dividend payout ratio (DPR) is 199.01%.

A number of hedge funds have recently made changes to their positions in LSI. Solaris Asset Management LLC purchased a new stake in Life Storage during the 4th quarter valued at about $112,000. Acadian Asset Management LLC purchased a new stake in Life Storage during the 4th quarter valued at about $131,000. Advisor Group Inc. lifted its stake in Life Storage by 14.9% during the 2nd quarter. Advisor Group Inc. now owns 2,986 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 387 shares during the period. Perigon Wealth Management LLC lifted its stake in Life Storage by 34.0% during the 2nd quarter. Perigon Wealth Management LLC now owns 3,150 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 800 shares during the period. Finally, M&T Bank Corp lifted its stake in Life Storage by 9.4% during the 2nd quarter. M&T Bank Corp now owns 3,246 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 278 shares during the period. 99.62% of the stock is currently owned by institutional investors.

A number of analysts have recently weighed in on the stock. Robert W. Baird downgraded shares of Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 target price on the stock. in a research report on Thursday. UBS Group downgraded shares of Life Storage from a “neutral” rating to a “sell” rating and set a $75.00 target price on the stock. in a research report on Friday, December 15th. Citigroup downgraded shares of Life Storage from a “buy” rating to a “neutral” rating and set a $95.00 target price on the stock. in a research report on Thursday, December 14th. B. Riley set a $70.00 target price on shares of Life Storage and gave the stock a “sell” rating in a research report on Monday, December 4th. Finally, Wells Fargo & Co set a $91.00 target price on shares of Life Storage and gave the stock a “hold” rating in a research report on Thursday, November 30th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.79.

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Life Storage Company Profile

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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