Life Storage Sees Unusually High Options Volume (NYSE:LSI)
Life Storage Inc (NYSE:LSI) was the recipient of unusually large options trading on Thursday. Stock traders purchased 1,974 put options on the stock. This represents an increase of approximately 1,559% compared to the typical volume of 119 put options.
Several research analysts have issued reports on the company. Robert W. Baird cut Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 price objective for the company. in a research report on Thursday. KeyCorp restated a “hold” rating on shares of Life Storage in a research report on Sunday, November 19th. SunTrust Banks restated a “hold” rating and issued a $80.00 price target on shares of Life Storage in a research report on Friday, November 24th. Jefferies Group set a $86.00 price objective on Life Storage and gave the stock a “hold” rating in a research report on Tuesday, November 28th. Finally, Cantor Fitzgerald lifted their price objective on Life Storage from $73.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. Six equities research 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 has an average rating of “Hold” and a consensus price target of $81.79.
A number of hedge funds have recently bought and sold shares of the business. Sumitomo Mitsui Asset Management Company LTD increased its holdings in shares of Life Storage by 861.8% in the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 74,156 shares of the real estate investment trust’s stock valued at $6,605,000 after acquiring an additional 66,446 shares during the last quarter. RMR Advisors LLC increased its holdings in shares of Life Storage by 40.0% in the 4th quarter. RMR Advisors LLC now owns 21,000 shares of the real estate investment trust’s stock valued at $1,870,000 after acquiring an additional 6,000 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Life Storage by 126.3% in the 4th quarter. SG Americas Securities LLC now owns 32,797 shares of the real estate investment trust’s stock valued at $2,921,000 after acquiring an additional 18,303 shares during the last quarter. Boston Advisors LLC bought a new stake in shares of Life Storage in the 4th quarter valued at approximately $542,000. Finally, Pratt Collard Advisory Partners LLC acquired a new position in Life Storage during the 4th quarter valued at approximately $1,420,000.
Life Storage (NYSE:LSI) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.81 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.54). Life Storage had a return on equity of 4.65% and a net margin of 17.79%. The company had revenue of $135.57 million for the quarter, compared to analyst estimates of $132.44 million. sell-side analysts anticipate that Life Storage will post 5.28 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Tuesday, January 16th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Friday, January 12th. This represents a $4.00 annualized dividend and a yield of 4.79%. Life Storage’s dividend payout ratio is presently 199.01%.
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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