Media coverage about Life Storage (NYSE:LSI) has been trending somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Life Storage earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 45.6882116766728 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern’s rankings:
- Life Storage’s (LSI) Hold Rating Reiterated at Cantor Fitzgerald (americanbankingnews.com)
- Technical Facts to Know Life Storage, Inc. (LSI) moves 12.06% away from One Year Low – Voice Of Analysts (analystsbuzz.com)
- Life Storage, Inc. Provides Update on Hurricanes Irma and Harvey (finance.yahoo.com)
- Life Storage, Inc. (LSI) Receives Underperform Rating from Evercore ISI (americanbankingnews.com)
- FBR & Co Comments on Life Storage, Inc.’s Q3 2017 Earnings (LSI) (americanbankingnews.com)
LSI has been the topic of several recent analyst reports. Zacks Investment Research upgraded Life Storage from a “sell” rating to a “hold” rating in a report on Saturday, June 3rd. BidaskClub lowered Life Storage from a “hold” rating to a “sell” rating in a report on Saturday, September 2nd. Wells Fargo & Company reiterated a “market perform” rating and set a $78.00 target price (down from $85.00) on shares of Life Storage in a report on Saturday, July 22nd. UBS AG reiterated a “neutral” rating and set a $75.00 target price (down from $80.00) on shares of Life Storage in a report on Wednesday, August 9th. Finally, Evercore ISI lowered Life Storage from an “in-line” rating to an “underperform” rating and reduced their target price for the stock from $77.00 to $71.00 in a report on Monday, August 7th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Life Storage has a consensus rating of “Hold” and an average price target of $77.82.
Shares of Life Storage (LSI) opened at 80.60 on Friday. The firm has a 50 day moving average price of $74.76 and a 200 day moving average price of $77.65. The firm has a market cap of $3.74 billion, a P/E ratio of 70.52 and a beta of 0.57. Life Storage has a 1-year low of $69.00 and a 1-year high of $95.05.
Life Storage (NYSE:LSI) last released its quarterly earnings data 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). The company had revenue of $132.78 million for the quarter, compared to the consensus estimate of $132.62 million. Life Storage had a return on equity of 2.56% and a net margin of 10.28%. Life Storage’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period last year, the company earned $1.32 EPS. Analysts anticipate that Life Storage will post $1.91 EPS for the current year.
In other Life Storage news, Director Arthur L. Havener, Jr. purchased 990 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $73.20 per share, with a total value of $72,468.00. Following the transaction, the director now owns 7,413 shares in the company, valued at $542,631.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Paul T. Powell purchased 700 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was acquired at an average cost of $71.57 per share, for a total transaction of $50,099.00. Following the transaction, the insider now owns 44,996 shares in the company, valued at approximately $3,220,363.72. The disclosure for this purchase can be found here. Insiders have bought a total of 3,190 shares of company stock worth $230,042 in the last three months. Insiders own 1.90% of the company’s stock.
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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