Q4 2017 Earnings Estimate for Life Storage Inc Issued By Jefferies Group (LSI)

Life Storage Inc (NYSE:LSI) – Equities researchers at Jefferies Group decreased their Q4 2017 EPS estimates for Life Storage in a research report issued to clients and investors on Tuesday. Jefferies Group analyst G. Hoglund now anticipates that the real estate investment trust will post earnings per share of $1.32 for the quarter, down from their prior estimate of $1.33. Jefferies Group currently has a “Hold” rating and a $86.00 target price on the stock.

Life Storage (NYSE:LSI) last announced its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.81 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by ($0.54). Life Storage had a net margin of 17.79% and a return on equity of 4.65%.

A number of other equities analysts have also recently issued reports on LSI. UBS Group cut shares of Life Storage from a “neutral” rating to a “sell” rating and set a $75.00 price target on the stock. in a research note on Friday, December 15th. B. Riley reiterated a “sell” rating on shares of Life Storage in a research note on Wednesday, November 1st. Zacks Investment Research upgraded shares of Life Storage from a “hold” rating to a “buy” rating and set a $94.00 price target on the stock in a research note on Friday, November 3rd. BidaskClub upgraded shares of Life Storage from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Finally, Citigroup cut shares of Life Storage from a “buy” rating to a “neutral” rating and set a $95.00 price target on the stock. in a research note on Thursday, December 14th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $81.00.

Shares of Life Storage (NYSE:LSI) opened at $83.78 on Friday. Life Storage has a fifty-two week low of $69.00 and a fifty-two week high of $91.75. The company has a market cap of $3,948.18, a price-to-earnings ratio of 41.68, a PEG ratio of 3.49 and a beta of 0.64. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.85.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Westwood Holdings Group Inc. lifted its stake in Life Storage by 0.8% during the 2nd quarter. Westwood Holdings Group Inc. now owns 9,770 shares of the real estate investment trust’s stock valued at $724,000 after acquiring an additional 75 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Life Storage by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,914 shares of the real estate investment trust’s stock valued at $1,031,000 after acquiring an additional 210 shares during the period. M&T Bank Corp lifted its stake in Life Storage by 9.4% during the 2nd quarter. M&T Bank Corp now owns 3,246 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 278 shares during the period. Advisor Group Inc. lifted its stake in Life Storage by 14.9% during the 2nd quarter. Advisor Group Inc. now owns 2,986 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 387 shares during the period. Finally, Mutual of America Capital Management LLC lifted its stake in Life Storage by 0.6% during the 2nd quarter. Mutual of America Capital Management LLC now owns 66,507 shares of the real estate investment trust’s stock valued at $4,928,000 after acquiring an additional 395 shares during the period.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Tuesday, January 16th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 4.77%. The ex-dividend date is Friday, January 12th. Life Storage’s dividend payout ratio is currently 199.01%.

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About Life Storage

Life Storage, Inc, formerly Sovran Self Storage, Inc, is a self-administered and self-managed real estate company. The Company acquires, owns and manages self-storage properties. The Company owns its assets and conducts its operations through Life Storage LP (the Operating Partnership) and subsidiaries of the Operating Partnership.

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

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