|Bid||94.18 x 1000|
|Ask||94.22 x 900|
|Day's Range||84.02 - 96.44|
|52 Week Range||67.31 - 119.61|
|Beta (5Y Monthly)||0.39|
|PE Ratio (TTM)||16.86|
|Earnings Date||Apr 28, 2020 - May 03, 2020|
|Forward Dividend & Yield||4.28 (4.89%)|
|Ex-Dividend Date||Jan 12, 2020|
|1y Target Est||113.20|
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
The U.S. is poised to enter a recession amid the growing coronavirus pandemic, but this outlook is favorable for self-storage companies, according to BofA Securities.The Analyst Jeffrey Spector upgraded Life Storage Inc (NYSE: LSI) from Neutral to Buy with a price target lowered from $126 to $117.The analyst also upgraded Public Storage (NYSE: PSA) from Neutral to Buy with a price target lifted from $254 from $267.The Thesis Self-Storage REIT companies offer investors exposure to a "relatively defensive sector" within the broader real estate segment for three reasons, Spector wrote in a note. These include: * Demand for storage space is mostly sticky during recessions and higher during more severe recessions. * Existing users will stay in place so occupancy rates will remain stable and offer cash flow and stability. * Demand for storage will become "more of a necessity" today versus in the past.Life Storage: 'Rent Now' Initiative Life Storage's "Rent Now" initiative lets customers reserve and execute a lease without human interactions, Spector wrote. This move would be well accepted amid current demands for "social distancing" and result in a reduction in payroll expenses at the company level.Life Storage was better positioned to manage marketing expenses compared to its peers in 2019 and this should play out throughout 2020.Public Storage: Liquidity And Minimal Debt Spencer said Public Storage boasts "ample" liquidity along with "minimal" debt, which makes it well-positioned to operate throughout any downturn. Specifically, the company has $400 million in cash on hand with minimal debt obligations in 2020.The company's recent move to withdraw a $1.2 billion offer to acquire Australia-based NSR gives it even more liquidity to seek out future M&A opportunities.LSI and PSA Price Action Shares of Life Storage were trading higher by more than 10% at $77.68, while shares of Public Storage were higher by more than 4% at $167.72.Related Links:El-Erian Says Our Economic Situation Has Reached 'Critical Mass'Plunge In Oil Prices, Coronavirus Sell-Off Signal Recession, Analyst SaysSee more from Benzinga * Tuesday Is 'Great American Takeout' Day * Virgin Galactic Is A Buy After 70% Stock Decline, Morgan Stanley Says In Upgrade * BTIG's Emanuel Says Stocks Risk 1987's 40% Downside Scenario If Senate Doesn't Act(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Life Storage announces enhancement of their Rent Now platform. The Company operates over 850 self storage facilities in 29 states and Ontario, Canada
Life Storage, Inc. (NYSE:LSI) shareholders (or potential shareholders) will be happy to see that the Independent...
Life Storage (LSI) delivered FFO and revenue surprises of 0.70% and 0.89%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
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Equinix (EQIX) to deliver and manage cable landing stations for RTI Connectivity Pte. Ltd.'s transpacific cable routes that will interconnect the Asia-Pacific region and Australia through Guam.
While the buyout of two industrial parks will fortify PS Business Parks (PSB) presence in Silicon Valley and Southern California, the sale of office building marks its exit from Metro Park North.
A Charleston company plans to join the Triad's storage wars. Adams Property Group is building a 97,000 square foot, climate-controlled storage facility at 5109 Robinhood Village in Winston-Salem. Michael Carn, the company's acquisition and development manager, said the project is expected to take 10-12 months to complete.
Although Life Storage Inc (NYSE: LSI ) may continue to record decelerating top line growth, improved supply visibility and better expense control may allow the company to generate growth in funds from ...
Backed by multiple revenue drivers and a solid balance sheet, Life Storage (LSI) seems well poised to continue cash flow and dividend growth.
REITs have scope to excel in 2020, with economic indicators still holding well and a number of underlying asset categories displaying favorable market fundamentals.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts, usually don't make them change their opinion towards a company. This time it may be different. During the fourth quarter of 2018 we observed increased volatility and a 20% drop in […]
Investors can buy low cost index fund if they want to receive the average market return. But in any diversified...
Life Storage (LSI) delivered FFO and revenue surprises of 0.69% and -0.84%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
The Insider Monkey team has completed processing the quarterly 13F filings for the June quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]