D.A. Davidson Reiterates a Hold Rating on Life Storage, Inc.

By Carrie Williams

In a report released today, Barry Oxford from D.A. Davidson reiterated a Hold rating on Life Storage, Inc. (NYSE: LSI). The company’s shares opened today at $82.21.

According to TipRanks.com, Oxford is a 2-star analyst with an average return of -0.2% and a 33.3% success rate. Oxford covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, National Retail Properties, and Chambers Street Properties.

Life Storage, Inc. has an analyst consensus of Moderate Buy.

Based on Life Storage, Inc.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $125 million and GAAP net loss of $4.74 million. In comparison, last year the company earned revenue of $94.2 million and had a net profit of $31.5 million.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LSI in relation to earlier this year. Most recently, in August 2016, Stephen Rusmisel, a Director at LSI bought 500 shares for a total of $46,465.

Life Storage, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management self storage properties. It also offers truck rental, office and rental space, and vehicle storage. It operates under the trade name Uncle Bob’s Self Storage. The company was founded by Robert J. Attea, David L. Rogers, Kenneth F. Myszka, and Charles E. Lannon in 1982 and is headquartered in Buffalo, NY.