Life Storage Inc. (NYSE: LSI) is -26.71% lower on its value in year-to-date trading and has touched a low of $100.66 and a high of $154.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LSI stock was last observed hovering at around $112.80 in the last trading session, with the day’s loss setting it -0.53% off its average median price target of $132.50 for the next 12 months. It is also 44.97% off the consensus price target high of $204.00 offered by 13 analysts, but current levels are 10.18% higher than the price target low of $125.00 for the same period.
Currently trading at $112.27, the stock is 0.63% and -0.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.52 million and changing -0.47% at the moment leaves the stock -13.36% off its SMA200. LSI registered -1.38% loss for a year compared to 6-month loss of -19.59%. The firm has a 50-day simple moving average (SMA 50) of $15.32 and a 200-day simple moving average (SMA200) of $23.33.
The stock witnessed a 4.93% gain in the last 1 month and extending the period to 3 months gives it a -22.82%, and is -1.34% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.58% over the week and 2.50% over the month.
Life Storage Inc. (LSI) has around 2241 employees, a market worth around $9.33B and $850.20M in sales. Current P/E ratio is 32.94 and Fwd P/E is 26.14. Profit margin for the company is 32.40%. Distance from 52-week low is 11.53% and -27.31% from its 52-week high. The company has generated returns on investments over the last 12 months (5.40%).
Life Storage Inc. (LSI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Life Storage Inc. (LSI) is a “Overweight”. 13 analysts offering their recommendations for the stock have an average rating of 1.80, where 4 rate it as a Hold and 2 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Life Storage Inc. is expected to release its quarterly report on 11/02/2022.The EPS is expected to grow by 48.90% this year.
Life Storage Inc. (LSI) Top Institutional Holders
The shares outstanding are 83.64M, and float is at 83.12M with Short Float at 2.25%.
Life Storage Inc. (LSI) Insider Activity
A total of 11 insider transactions have happened at Life Storage Inc. (LSI) in the last six months, with sales accounting for 4 and purchases happening 7 times. The most recent transaction is an insider sale by Rusmisel Stephen R ,the company’sDirector. SEC filings show that Rusmisel Stephen R sold 2,500 shares of the company’s common stock on Mar 18 at a price of $135.03 per share for a total of $0.34 million. Following the sale, the insider now owns 14946.0 shares.
Life Storage Inc. disclosed in a document filed with the SEC on Mar 17 that Saffire Joseph (CEO) sold a total of 4,000 shares of the company’s common stock. The trade occurred on Mar 17 and was made at $134.54 per share for $0.54 million. Following the transaction, the insider now directly holds 66349.0 shares of the LSI stock.
Still, SEC filings show that on Mar 14, Gregoire Andrew J (CFO) disposed off 7,000 shares at an average price of $130.29 for $0.91 million. The insider now directly holds 102,128 shares of Life Storage Inc. (LSI).
Life Storage Inc. (LSI): Who are the competitors?
The company’s main competitors (and peers) include Public Storage (PSA) that is trading -1.59% down over the past 12 months and Acadia Realty Trust (AKR) that is -22.87% lower over the same period. Extra Space Storage Inc. (EXR) is -1.94% down on the 1-year trading charts.