$1.43 EPS Expected for Life Storage Inc (NYSE:LSI) This Quarter

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Equities analysts expect Life Storage Inc (NYSE:LSI) to report earnings per share of $1.43 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Life Storage’s earnings, with estimates ranging from $1.42 to $1.44. Life Storage posted earnings per share of $1.38 during the same quarter last year, which would indicate a positive year-over-year growth rate of 3.6%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, February 19th.

On average, analysts expect that Life Storage will report full-year earnings of $5.61 per share for the current fiscal year, with EPS estimates ranging from $5.60 to $5.63. For the next fiscal year, analysts anticipate that the firm will post earnings of $5.99 per share, with EPS estimates ranging from $5.94 to $6.06. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Life Storage.

Several research analysts recently commented on LSI shares. Stifel Nicolaus upgraded Life Storage from a “hold” rating to a “buy” rating and lifted their price target for the stock from $106.00 to $114.00 in a research report on Thursday, October 31st. Bank of America upgraded Life Storage from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $102.00 to $111.00 in a research report on Monday, January 6th. Finally, Zacks Investment Research lowered Life Storage from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Life Storage has a consensus rating of “Hold” and a consensus target price of $111.50.

Shares of NYSE:LSI opened at $117.15 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.90. Life Storage has a 12 month low of $90.99 and a 12 month high of $117.41. The company has a 50-day moving average price of $112.07 and a 200 day moving average price of $107.21. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 20.65, a PEG ratio of 4.66 and a beta of 0.35.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Tuesday, January 14th were given a dividend of $1.07 per share. This is a boost from Life Storage’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend was Monday, January 13th. This represents a $4.28 dividend on an annualized basis and a yield of 3.65%. Life Storage’s payout ratio is 77.68%.

Institutional investors and hedge funds have recently made changes to their positions in the company. 1 North Wealth Services LLC purchased a new position in shares of Life Storage during the 3rd quarter worth about $30,000. Van ECK Associates Corp purchased a new stake in Life Storage in the 4th quarter worth about $30,000. AdvisorNet Financial Inc purchased a new stake in Life Storage in the 3rd quarter worth about $46,000. FMR LLC raised its position in Life Storage by 138.7% in the 4th quarter. FMR LLC now owns 721 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 419 shares during the period. Finally, Quadrant Capital Group LLC lifted its stake in Life Storage by 121.7% in the third quarter. Quadrant Capital Group LLC now owns 878 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 482 shares during the last quarter. 90.23% of the stock is currently owned by institutional investors and hedge funds.

Life Storage Company Profile

Life Storage, Inc is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Located in Buffalo, New York, the Company operates more than 750 storage facilities in 28 states and Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month.

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Earnings History and Estimates for Life Storage (NYSE:LSI)

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