Life Storage (NYSE:LSI) will be releasing its earnings data after the market closes on Wednesday, October 31st. Analysts expect Life Storage to post earnings of $1.40 per share for the quarter. Life Storage has set its Q3 guidance at $1.40-1.44 EPS and its FY18 guidance at $5.42-5.48 EPS.

Life Storage (NYSE:LSI) last announced its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.34 by ($0.50). Life Storage had a net margin of 24.04% and a return on equity of 6.53%. The business had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $135.97 million. During the same period in the prior year, the company posted $1.33 earnings per share. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, analysts expect Life Storage to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of LSI stock opened at $92.50 on Monday. Life Storage has a 12 month low of $76.42 and a 12 month high of $102.91. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 3.76 and a beta of 0.35. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.20 and a quick ratio of 0.20.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 26th. Shareholders of record on Tuesday, October 16th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Monday, October 15th. This represents a $4.00 dividend on an annualized basis and a yield of 4.32%. Life Storage’s dividend payout ratio is currently 75.33%.

A number of brokerages have commented on LSI. BMO Capital Markets reaffirmed a “hold” rating and set a $87.00 target price on shares of Life Storage in a report on Wednesday, August 1st. Bank of America upped their target price on shares of Life Storage from $98.00 to $100.00 and gave the company a “neutral” rating in a report on Monday, July 16th. ValuEngine cut shares of Life Storage from a “buy” rating to a “hold” rating in a report on Thursday, September 27th. Jefferies Financial Group set a $95.00 target price on shares of Life Storage and gave the company a “hold” rating in a report on Tuesday, July 17th. Finally, Zacks Investment Research raised shares of Life Storage from a “hold” rating to a “buy” rating and set a $109.00 target price for the company in a report on Thursday, July 5th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $91.50.

About Life Storage

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 for Life Storage (NYSE:LSI)

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