Life Storage Inc (NYSE:LSI) – Analysts at Jefferies Group lowered their FY2018 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 forecasts that the real estate investment trust will post earnings per share of $5.50 for the year, down from their previous estimate of $5.52. Jefferies Group has a “Hold” rating and a $86.00 price target on the stock. Jefferies Group also issued estimates for Life Storage’s FY2019 earnings at $5.78 EPS.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research upgraded Life Storage from a “hold” rating to a “buy” rating and set a $94.00 price target for the company in a research report on Friday, November 3rd. SunTrust Banks restated a “hold” rating and issued a $75.00 price target on shares of Life Storage in a research report on Friday, November 3rd. KeyCorp restated a “hold” rating on shares of Life Storage in a research report on Thursday, October 12th. Wells Fargo & Co set a $91.00 price target on Life Storage and gave the company a “hold” rating in a research report on Thursday, November 30th. Finally, Cantor Fitzgerald raised their price target on Life Storage from $73.00 to $81.00 and gave the company a “neutral” rating in a research report on Friday, November 10th. 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 company’s stock. The stock has an average rating of “Hold” and a consensus price target of $81.00.

Shares of Life Storage (NYSE LSI) traded up $0.50 during mid-day trading on Thursday, hitting $84.84. The stock had a trading volume of 350,000 shares, compared to its average volume of 375,518. Life Storage has a twelve month low of $69.00 and a twelve month high of $91.75. The stock has a market capitalization of $3,880.00, a PE ratio of 42.21, a P/E/G ratio of 3.47 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.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 26th. Investors of record on Tuesday, January 16th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, January 12th. Life Storage’s payout ratio is currently 199.00%.

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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