BMO Capital took its Life Storage [LSI] rating to the equivalent of Outperform from Market Perform, and the price target to $140, in a research note dated 2021-01-08. That figure represents around a 21.55% premium from where the company’s shares closed on Thursday. Other analysts also revised their coverage, with Raymond James’s analysts upgrading the shares from “a Mkt perform” rating to “an Outperform” rating in a research note to investors issued in early October. Meanwhile, Evercore ISI had raised its rating on LSI to “an Outperform” from the earlier “an In-line”, in a research note produced for clients August 10, 2020. In addition, there was a downgrade from Raymond James on April 08, 2020. The rater changed LSI from “an Outperform” to “a Mkt perform”.
Is Life Storage Inc. [NYSE:LSI] a Good Buy Right Now?
It should be noted that LSI technical indicators for short, intermediate as well as long term progress have placed an overall average of 88% as Buy. The average signal changed from 100% Buy in the last week and compares with 56% Buy in the past month. Data from Life Storage Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.48 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 0.41 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.38 million shares.
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LSI Price Performance
On Wall Street, Life Storage Inc. [NYSE:LSI] finished Thursday’s session up 0.38% at $115.08. The stock went up to $115.36 at the same session while its lowest single day price was $113.31. In the last five days, it saw a fall of about -3.70%, Life Storage Inc. shares dropped by almost -3.61% since the beginning of the year. However, the share price has dropped to as low as -4.79% below its one year high. On 01/04/21, the company shares recorded $119.93, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/07/21, the same year at $113.31. The company’s shares have inclined by 5.77% in the past year. The 50-day SMA achieved is $114.24 while the 200-day SMA is $102.95. Volume dropped to 0.58 million from 0.62 million in the previous session.
Life Storage Inc. [LSI] Valuation Measures
Notably, Life Storage Inc. [LSI] stock cannot be classified as a good candidate in the listing of underestimated low-priced REIT – Industrial companies to purchase soonest possible with the prevailing 12-month PE ratio of 35.15. The measure means the stock is exchanging at a premium as compared to the 19.03x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 9.36 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 7.40 which means LSI serve an unattractive investment opportunity compared to its competitors.
LSI Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 113.81 level, and in case of violation of this particular level, it will cause more drop to 112.53 level. On the upper level, 116.63 is still the key resistance. The stock may increase to the subsequent resistance at 115.86. The Relative Strength Index (RSI) pinned on the 14-day chart is 47.96, implying a neutral technical stance while the MACD stands at -2.81, meaning price will decrease in the next trading period. Percent R indicator moved to 76.59%, implying bearish price movement. Stochastic %K at 23.21% suggest selling the stock.
What is the short interest in Life Storage Inc.?
Short interest in the Life Storage Inc. stock has plunged, decreasing by 40000.0 shares to total 1.3 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 1.26 million, data from Yahoo Finance shows. The increase of 3.08% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 5.57% of the overall float for the stock.
Life Storage Inc.’s Biggest Shareholders: Who Owns Life Storage Inc. [LSI]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 6,513,538 shares or roughly 13.40% of the outstanding LSI shares. This means their shares have reduced by -384,118 from the 6,513,538 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, BlackRock Fund Advisors updated stake is worth $496,240,299. Details in the latest 13F filings reveal that Wellington Management Co. LLP acquired their 27.19% stake valued at $321,026,237 while SSgA Funds Management, Inc. cut theirs at $226,478,757. During the last quarter, Wellington Management Co. LLP raised 625,528 of its shares in Life Storage Inc. while SSgA Funds Management, Inc. sold -143,518 shares. The Massachusetts Financial Services’s holdings currently number 1,745,388 shares at $200859251.04. According to the firm’s last 13F report, RREEF America LLC shares in the company at filing stood at 1,522,859 shares, roughly $167,088,089.
LSI Earnings Forecast For The Current Quarter
Life Storage Inc. [LSI] is expected to report weak earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $156.33M and an earnings per share of $0.82 for Dec 2020. Looking further ahead, the company is expected to report revenue of $154.56M at an EPS of $0.83 for Mar 2021. The estimates represent upside of 8.70% and 8.50% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
LSI Earnings Estimates For The Current Year
For the financial year, Life Storage Inc. [NYSE:LSI] is expected to bring in revenue of $595.14M. The returns are nearly $20.4 million higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 3.16, lower than that of FY19 by -$2.39. Estimates put this year’s earnings growth at -43.10%, 8.50% for the next, and at an annual 5.00% over the next 5-year period. As for sales, forecasts are for an increase of 3.50% in the current fiscal year and a further 8.70% over the following year.