Equities Analysts Set Expectations for Life Storage Inc’s Q4 2017 Earnings (LSI)

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

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

LSI has been the topic of several other research reports. Bank of America lowered Life Storage from a “neutral” rating to an “underperform” rating and upped their target price for the company from $73.00 to $77.00 in a report on Monday, September 25th. Citigroup lowered Life Storage from a “buy” rating to a “neutral” rating and set a $95.00 target price on the stock. in a report on Thursday, December 14th. Wells Fargo & Co set a $91.00 target price on Life Storage and gave the company a “hold” rating in a report on Thursday, November 30th. B. Riley set a $70.00 target price on Life Storage and gave the company a “sell” rating in a report on Monday, December 4th. Finally, UBS Group lowered Life Storage from a “neutral” rating to a “sell” rating and set a $75.00 target price on the stock. in a report on Friday, December 15th. Five equities research 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 company. The company currently has a consensus rating of “Hold” and a consensus price target of $81.00.

Life Storage (NYSE:LSI) opened at $84.91 on Friday. Life Storage has a twelve month low of $69.00 and a twelve month high of $91.75. The firm has a market capitalization of $3,898.85, a price-to-earnings ratio of 15.84, a P/E/G ratio of 3.45 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.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Tuesday, January 16th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 4.71%. The ex-dividend date is Friday, January 12th. Life Storage’s dividend payout ratio (DPR) is 199.01%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company boosted its stake in shares of Life Storage by 1.8% during the second quarter. The Manufacturers Life Insurance Company now owns 68,554 shares of the real estate investment trust’s stock valued at $5,080,000 after acquiring an additional 1,241 shares during the last quarter. Brookfield Asset Management Inc. boosted its stake in shares of Life Storage by 12.1% during the second quarter. Brookfield Asset Management Inc. now owns 1,272,882 shares of the real estate investment trust’s stock valued at $94,321,000 after acquiring an additional 137,682 shares during the last quarter. APG Asset Management US Inc. boosted its stake in shares of Life Storage by 9.4% during the third quarter. APG Asset Management US Inc. now owns 671,000 shares of the real estate investment trust’s stock valued at $54,895,000 after acquiring an additional 57,500 shares during the last quarter. Land & Buildings Investment Management LLC acquired a new stake in shares of Life Storage during the third quarter valued at $67,395,000. Finally, Honeywell International Inc. acquired a new stake in shares of Life Storage during the third quarter valued at $593,000.

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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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