Equities research analysts expect Life Storage Inc (NYSE:LSI) to announce earnings of $1.37 per share for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Life Storage’s earnings. The lowest EPS estimate is $1.33 and the highest is $1.39. Life Storage reported earnings per share of $1.34 during the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The firm is scheduled to issue its next quarterly earnings results on Wednesday, February 20th.

According to Zacks, analysts expect that Life Storage will report full year earnings of $5.49 per share for the current year, with EPS estimates ranging from $5.46 to $5.53. For the next financial year, analysts anticipate that the business will report earnings of $5.62 per share, with EPS estimates ranging from $5.50 to $5.73. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Life Storage.

Life Storage (NYSE:LSI) last posted its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.88. The company had revenue of $141.50 million for the quarter, compared to analyst estimates of $141.10 million. Life Storage had a return on equity of 6.68% and a net margin of 24.81%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share.

Several brokerages have weighed in on LSI. Zacks Investment Research downgraded Life Storage from a “buy” rating to a “hold” rating in a report on Tuesday, August 7th. ValuEngine upgraded Life Storage from a “hold” rating to a “buy” rating in a research report on Monday, November 12th. SunTrust Banks reiterated a “hold” rating and set a $95.00 price target on shares of Life Storage in a research report on Monday, September 24th. Finally, Citigroup dropped their target price on Life Storage from $100.00 to $91.00 and set a “neutral” rating for the company in a report on Friday, October 5th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $91.55.

In other news, Director Arthur L. Havener, Jr. sold 650 shares of the company’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $99.00, for a total value of $64,350.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Kenneth F. Myszka sold 5,000 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $94.39, for a total value of $471,950.00. The disclosure for this sale can be found here. Corporate insiders own 1.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Oregon Public Employees Retirement Fund lifted its stake in Life Storage by 3.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 17,969 shares of the real estate investment trust’s stock worth $1,749,000 after acquiring an additional 523 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Life Storage by 1.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 29,030 shares of the real estate investment trust’s stock worth $2,762,000 after acquiring an additional 540 shares in the last quarter. Jefferies Group LLC lifted its stake in Life Storage by 2.3% during the 3rd quarter. Jefferies Group LLC now owns 29,763 shares of the real estate investment trust’s stock worth $2,832,000 after acquiring an additional 656 shares in the last quarter. Hsbc Holdings PLC lifted its stake in Life Storage by 7.8% during the 3rd quarter. Hsbc Holdings PLC now owns 9,693 shares of the real estate investment trust’s stock worth $922,000 after acquiring an additional 699 shares in the last quarter. Finally, Stratos Wealth Partners LTD. lifted its stake in Life Storage by 25.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,679 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 750 shares in the last quarter.

NYSE LSI traded down $0.41 during trading on Wednesday, hitting $97.54. The company’s stock had a trading volume of 304,133 shares, compared to its average volume of 213,891. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market cap of $4.55 billion, a PE ratio of 18.37, a P/E/G ratio of 3.96 and a beta of 0.39. Life Storage has a fifty-two week low of $76.42 and a fifty-two week high of $102.91.

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 700 storage facilities in 28 states. 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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