Life Storage Target of Unusually Large Options Trading (LSI)

Life Storage, Inc. (NYSE:LSI) was the target of some unusual options trading activity on Tuesday. Investors bought 2,846 put options on the company. This is an increase of approximately 2,396% compared to the typical volume of 114 put options.

LSI has been the subject of several recent research reports. Zacks Investment Research raised shares of Life Storage from a “sell” rating to a “hold” rating in a research report on Thursday, March 29th. B. Riley set a $70.00 price objective on shares of Life Storage and gave the stock a “sell” rating in a report on Wednesday, February 21st. BMO Capital Markets set a $78.00 price objective on shares of Life Storage and gave the stock a “sell” rating in a report on Wednesday, February 21st. Cantor Fitzgerald set a $84.00 price objective on shares of Life Storage and gave the stock a “hold” rating in a report on Thursday, March 8th. Finally, Robert W. Baird cut shares of Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 price target on the stock. in a research note on Thursday, January 25th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a strong buy rating to the company. Life Storage currently has an average rating of “Hold” and an average price target of $81.29.

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Shares of LSI traded down $0.27 during midday trading on Thursday, reaching $85.04. The stock had a trading volume of 516,984 shares, compared to its average volume of 446,624. The company has a market cap of $4,012.92, a PE ratio of 16.02, a price-to-earnings-growth ratio of 3.45 and a beta of 0.49. 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 one year low of $69.00 and a one year high of $91.75.

Life Storage (NYSE:LSI) last posted its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $1.34 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.03. The firm had revenue of $133.08 million during the quarter, compared to the consensus estimate of $133.46 million. Life Storage had a net margin of 18.19% and a return on equity of 4.83%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.31 EPS. analysts expect that Life Storage will post 5.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Friday, April 13th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend is Thursday, April 12th. Life Storage’s payout ratio is presently 75.33%.

Several large investors have recently modified their holdings of LSI. Solaris Asset Management LLC acquired a new position in Life Storage during the 4th quarter worth approximately $112,000. Acadian Asset Management LLC bought a new stake in Life Storage during the 4th quarter worth approximately $131,000. Wolverine Asset Management LLC bought a new stake in Life Storage during the 4th quarter worth approximately $185,000. Bbva Compass Bancshares Inc. bought a new stake in Life Storage during the 4th quarter worth approximately $224,000. Finally, Koch Industries Inc. bought a new stake in Life Storage during the 4th quarter worth approximately $259,000.

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Life Storage Company Profile

Life Storage, Inc is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Located in Buffalo, New York, the Company operates more than 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month.

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