Life Storage Inc (NYSE:LSI) – Equities research analysts at Jefferies Financial Group raised their FY2019 earnings per share (EPS) estimates for shares of Life Storage in a report released on Monday, August 12th. Jefferies Financial Group analyst J. Petersen now expects that the real estate investment trust will post earnings of $5.57 per share for the year, up from their previous forecast of $5.56. Jefferies Financial Group also issued estimates for Life Storage’s Q4 2019 earnings at $1.40 EPS, Q1 2020 earnings at $1.32 EPS, Q4 2020 earnings at $1.50 EPS and Q2 2021 earnings at $1.53 EPS.

Several other equities analysts have also commented on LSI. Zacks Investment Research raised Life Storage from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a research report on Wednesday. KeyCorp raised their price objective on Life Storage from $106.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, August 5th. Evercore ISI raised Life Storage from an “underperform” rating to an “in-line” rating and set a $100.00 price objective for the company in a research report on Monday, May 20th. Finally, Raymond James raised Life Storage from a “market perform” rating to an “outperform” rating and set a $106.00 price target for the company in a research report on Monday, July 8th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $102.29.

Shares of Life Storage stock opened at $101.64 on Wednesday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.92. The firm has a market capitalization of $4.79 billion, a P/E ratio of 18.45, a P/E/G ratio of 4.65 and a beta of 0.37. The business has a fifty day simple moving average of $99.16 and a two-hundred day simple moving average of $97.44. Life Storage has a 12 month low of $88.92 and a 12 month high of $103.68.

Life Storage (NYSE:LSI) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.87 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.54). The firm had revenue of $145.00 million for the quarter, compared to analysts’ expectations of $142.96 million. Life Storage had a net margin of 37.17% and a return on equity of 10.21%. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the business posted $1.39 EPS.

The business also recently declared a quarterly dividend, which was paid on Friday, July 26th. Stockholders of record on Tuesday, July 16th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.94%. The ex-dividend date was Monday, July 15th. Life Storage’s dividend payout ratio is presently 72.60%.

In other news, Director Charles E. Lannon sold 2,000 shares of Life Storage stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $103.49, for a total value of $206,980.00. Following the completion of the transaction, the director now owns 117,152 shares of the company’s stock, valued at approximately $12,124,060.48. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LSI. PGGM Investments bought a new stake in Life Storage in the 2nd quarter worth about $227,266,000. Long Pond Capital LP bought a new stake in Life Storage in the 2nd quarter worth about $53,694,000. Nuveen Asset Management LLC increased its holdings in Life Storage by 232.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 774,147 shares of the real estate investment trust’s stock worth $73,606,000 after buying an additional 540,976 shares in the last quarter. Northern Trust Corp increased its holdings in Life Storage by 47.1% in the 1st quarter. Northern Trust Corp now owns 924,685 shares of the real estate investment trust’s stock worth $89,944,000 after buying an additional 296,148 shares in the last quarter. Finally, Echo Street Capital Management LLC increased its holdings in Life Storage by 57.5% in the 2nd quarter. Echo Street Capital Management LLC now owns 428,620 shares of the real estate investment trust’s stock worth $40,753,000 after buying an additional 156,414 shares in the last quarter. Institutional investors own 97.87% of the company’s stock.

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 750 storage facilities in 28 states and Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month.

See Also: The Structure of a Futures Contract

Earnings History and Estimates for Life Storage (NYSE:LSI)

Receive News & Ratings for Life Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Storage and related companies with MarketBeat.com's FREE daily email newsletter.