Equities analysts expect Life Storage Inc (NYSE:LSI) to report earnings of $1.31 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Life Storage’s earnings, with estimates ranging from $1.28 to $1.33. Life Storage also posted earnings of $1.31 per share during the same quarter last year. The business is scheduled to report its next earnings report after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Life Storage will report full year earnings of $5.28 per share for the current year, with EPS estimates ranging from $5.25 to $5.31. For the next year, analysts anticipate that the firm will post earnings of $5.38 per share, with EPS estimates ranging from $5.15 to $5.53. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Life Storage.
A number of brokerages recently commented on LSI. Jefferies Group set a $86.00 target price on Life Storage and gave the company a “hold” rating in a research report on Tuesday, November 28th. Bank of America raised Life Storage from an “underperform” rating to a “neutral” rating in a research report on Tuesday, November 21st. Citigroup lowered Life Storage from a “buy” rating to a “neutral” rating and set a $95.00 price objective for the company. in a report on Thursday, December 14th. Robert W. Baird lowered Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 price objective for the company. in a report on Thursday, January 25th. Finally, Wells Fargo & Co set a $91.00 price objective on Life Storage and gave the stock a “hold” rating in a report on Thursday, November 30th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $81.79.
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Tuesday, January 16th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 5.20%. The ex-dividend date of this dividend was Friday, January 12th. Life Storage’s dividend payout ratio is currently 199.01%.
A number of institutional investors and hedge funds have recently modified their holdings of LSI. Solaris Asset Management LLC bought a new position in shares of Life Storage in the fourth quarter valued at approximately $112,000. Acadian Asset Management LLC bought a new position in shares of Life Storage in the fourth quarter valued at approximately $131,000. Advisor Group Inc. grew its holdings in shares of Life Storage by 14.9% in the second 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 in the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Life Storage by 34.0% in the second quarter. Perigon Wealth Management LLC now owns 3,150 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 800 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in shares of Life Storage by 9.4% in the second 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 in the last quarter.
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Life Storage Company Profile
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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