Life Storage Inc. (NYSE:LSI) finished Friday with an addition of $1.22 to close at $128.03, an upside of 0.96 percent. An average of 339,880 shares of common stock have been traded in the last five days. There was a gain of $3.08 in the past week, and it reached a new high 77 times over the past 12 months. The last 20 days have seen an average of 443,135 shares traded, while the 50-day average volume stands at 509,354.
LSI stock has increased by 6.97% in the last month. The company shares reached their 1-month lowest point of $112.26 on 09/28/21. With the stock rallying to its 52-week high on 09/08/21, shares of the company touched a low of $70.29 and a high of $129.87 in 52 weeks. It has reached a new high 72 times so far this year and achieved 60.86% or $48.44 in price. In spite of this, the price is down -1.42% from the 52-week high.
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45 days have passed since Life Storage Inc. (LSI) last reported insider trading activity. KILLEEN EDWARD F, who is COO, most recently acquired $24,062 shares at $128.62 per share on Sep 08. In this transaction, the insider spent $3,094,854. CEO, Saffire Joseph, disposed of 6,000 shares at a price of $96.55 on May 19. The insider now owns more than $579,300 worth of shares. Prior to that, Director Havener Arthur L Jr went on to Sale 601 shares at $95.69 each on May 14. An amount of $57,510 was transacted.
Life Storage Inc. (LSI) has a trailing price-to-earnings (P/E) ratio of 55.93, which compares with the 21.25 for the broader industry and 39.54 for the sector. In the last five years, Life Storage Inc.’s PE ratio has ranged between 71.70 and 12.73. The stock’s beta is 0.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 15.48, the price-to-book (PB) ratio at 3.66, and the price-to-cash flow ratio at 138.53.
Life Storage Inc. pays a $3.44 dividend per share annually. It offers a dividend yield of 2.69%. The company has a payout ratio of 116.40%. The company’s most recent quarterly dividend payment was $0.86 a share, representing a up of 16.22% from $0.74 last year. Its latest increase dividend $0.12 reported on Friday October 1 2021.Dividends have grown by 8.35% each year over the last three years.
Further, the company has a long term debt to equity ratio of 0.87 and a total debt to equity ratio of 0.87 for the quarter ending June 29. Its gross profit as reported stood at $233.52 million compared to revenue of $616.77 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Life Storage Inc.’s return on assets was 3.80%. For the broader industry, ROE averaged 7.37 over the past year.
For the three-month period that ended June 29, Life Storage Inc. had $37.41 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $56.94 million in the quarter, while revenues of $46.91 million were grew 36.62%. The analyst consensus anticipated Life Storage Inc.’s latest quarter earnings to come in at $0.67 per share, but it turned out to be $0.74, a 10.40% surprise. For the quarter, EBITDA amounted to $113.94 million. At the end of the quarter ending June 29, Life Storage Inc.’s stock balance sheet showed total debt was $2.26 billion. Shareholders own equity worth $78.32 million.
From a technical analysis perspective, let’s take a brief look at Life Storage Inc. (LSI) price momentum. RSI 9-day as of the close on 22 October was 73.05%, suggesting the stock is Overbought, with historical volatility in this time frame at 15.76%.
As of today, LSI’s price is $126.53 +2.46% or $3.08 from its 5-day moving average. LSI is currently trading +9.00% higher than its 20-day SMA and +24.45% higher than its 100-day SMA. However, the stock’s current price level is +6.41% above the SMA50 and +66.88% above the SMA200.
The stochastic %K and %D were 97.08% and 94.52%, respectively, and the average true range (ATR) was 2.21. With the 14-day stochastic at 96.16% and the average true range at 2.29, the RSI (14) stands at 67.12%. The stock has reached 1.90 on the 9-day MACD Oscillator while the 14-day reading was at 4.75.
Berenberg launched coverage on Life Storage Inc. (NYSE: LSI) in its analyst report released on October 07, 2021. The firm assigned the stock a a Buy rating. The consensus rating for Life Storage Inc. (LSI) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell LSI, while 1 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.
What is LSI’s price target for the next 12 months?
Analysts predict a range of price targets between $123.00 and $144.00, with a median target of $139.00. Taking a look at these predictions, the average price target given by analysts for Life Storage Inc. (LSI) stock is $137.10.