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.
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