Analysts Set Expectations for Life Storage Inc’s FY2022 Earnings (LSI)

Life Storage Inc (NYSE:LSI) – Analysts at SunTrust Banks issued their FY2022 EPS estimates for shares of Life Storage in a research note issued on Thursday. SunTrust Banks analyst K. Kim expects that the real estate investment trust will earn $5.79 per share for the year. SunTrust Banks currently has a “Hold” rating and a $80.00 target price on the stock.

LSI has been the subject of a number of other research reports. BMO Capital Markets reissued a “sell” rating and issued a $73.00 target price on shares of Life Storage in a research report on Thursday, November 2nd. Wells Fargo & Co set a $91.00 target price on shares of Life Storage and gave the company a “hold” rating in a research report on Thursday, November 30th. Zacks Investment Research raised shares of Life Storage from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research report on Friday, November 3rd. B. Riley set a $70.00 target price on shares of Life Storage and gave the company a “sell” rating in a research report on Tuesday, November 14th. Finally, Citigroup cut shares of Life Storage from a “buy” rating to a “neutral” rating and set a $95.00 target price for the company. in a research report on Thursday, December 14th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the stock. Life Storage currently has an average rating of “Hold” and an average target price of $81.79.

Shares of Life Storage (LSI) opened at $78.83 on Friday. The stock has a market cap of $3,700.14, a PE ratio of 39.22, a PEG ratio of 3.18 and a beta of 0.52. Life Storage has a 52-week low of $69.00 and a 52-week high of $91.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.19 and a quick ratio of 0.19.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, January 16th were given a dividend of $1.00 per share. The ex-dividend date was Friday, January 12th. This represents a $4.00 annualized dividend and a yield of 5.07%. Life Storage’s dividend payout ratio is 199.01%.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Life Storage by 3.4% during the fourth quarter. BlackRock Inc. now owns 5,170,261 shares of the real estate investment trust’s stock worth $460,516,000 after acquiring an additional 170,576 shares in the last quarter. Brookfield Asset Management Inc. raised its stake in 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 worth $94,321,000 after acquiring an additional 137,682 shares in the last quarter. APG Asset Management US Inc. raised its stake in Life Storage by 29.8% during the fourth quarter. APG Asset Management US Inc. now owns 871,000 shares of the real estate investment trust’s stock worth $77,580,000 after acquiring an additional 200,000 shares in the last quarter. Land & Buildings Investment Management LLC acquired a new position in Life Storage during the third quarter worth about $67,395,000. Finally, Macquarie Group Ltd. raised its stake in Life Storage by 8.8% during the third quarter. Macquarie Group Ltd. now owns 771,796 shares of the real estate investment trust’s stock worth $63,141,000 after acquiring an additional 62,544 shares in the last quarter.

WARNING: This report was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this report on another publication, it was illegally copied and republished in violation of international trademark & copyright laws. The original version of this report can be viewed at https://stocknewstimes.com/2018/02/18/analysts-set-expectations-for-life-storage-incs-fy2022-earnings-lsi.html.

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.

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.

Analysts Set Expectations for Life Storage Inc’s FY2022 Earnings (LSI)

Life Storage Inc (NYSE:LSI) – Stock analysts at SunTrust Banks issued their FY2022 earnings per share estimates for Life Storage in a research note issued to investors on Thursday. SunTrust Banks analyst K. Kim forecasts that the real estate investment trust will post earnings of $5.79 per share for the year. SunTrust Banks currently has a “Hold” rating and a $80.00 price target on the stock.

Several other research analysts have also commented on LSI. BMO Capital Markets restated a “sell” rating and set a $73.00 price target on shares of Life Storage in a research note on Thursday, November 2nd. DA Davidson increased their price target on shares of Life Storage to $85.00 and gave the stock a “neutral” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Life Storage from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a report on Friday, November 3rd. B. Riley reaffirmed a “sell” rating on shares of Life Storage in a report on Wednesday, November 1st. Finally, BidaskClub raised shares of Life Storage from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has given a strong buy rating to the company’s stock. Life Storage presently has an average rating of “Hold” and a consensus target price of $81.79.

Life Storage (NYSE:LSI) opened at $78.83 on Friday. Life Storage has a 12 month low of $69.00 and a 12 month high of $91.75. The company has a market cap of $3,700.14, a price-to-earnings ratio of 39.22, a PEG ratio of 3.18 and a beta of 0.52. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.19 and a current ratio of 0.19.

A number of institutional investors have recently modified their holdings of LSI. Dimensional Fund Advisors LP boosted its holdings in Life Storage by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 650,314 shares of the real estate investment trust’s stock valued at $48,189,000 after purchasing an additional 25,003 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Life Storage by 1.8% in the 2nd 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 purchasing an additional 1,241 shares during the period. Ameritas Investment Partners Inc. boosted its holdings in Life Storage by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,914 shares of the real estate investment trust’s stock valued at $1,031,000 after purchasing an additional 210 shares during the period. Brookfield Asset Management Inc. boosted its holdings in Life Storage by 12.1% in the 2nd 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 purchasing an additional 137,682 shares during the period. Finally, Perigon Wealth Management LLC boosted its holdings in Life Storage by 34.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,150 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 800 shares during the period.

The business also recently declared a quarterly dividend, which was paid on Friday, January 26th. Shareholders of record on Tuesday, January 16th were issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date was Friday, January 12th. Life Storage’s dividend payout ratio (DPR) is presently 199.01%.

ILLEGAL ACTIVITY NOTICE: “Analysts Set Expectations for Life Storage Inc’s FY2022 Earnings (LSI)” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://stocknewstimes.com/2018/02/18/analysts-set-expectations-for-life-storage-incs-fy2022-earnings-lsi.html.

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)

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.

Latest News

Leave a Reply