Analysts Expect Life Storage Inc (LSI) to Post $1.36 Earnings Per Share

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Equities research analysts predict that Life Storage Inc (NYSE:LSI) will announce earnings of $1.36 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Life Storage’s earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.39. Life Storage reported earnings per share of $1.34 during the same quarter last year, which suggests a positive year-over-year growth rate of 1.5%. The company is scheduled to report its next quarterly earnings report 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 financial year, with EPS estimates ranging from $5.45 to $5.53. For the next year, analysts expect that the business will post earnings of $5.63 per share, with EPS estimates ranging from $5.58 to $5.72. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow 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 analysts’ consensus estimates of $0.88. Life Storage had a net margin of 24.81% and a return on equity of 6.68%. The company had revenue of $141.50 million during the quarter, compared to analysts’ expectations of $141.10 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. Life Storage’s quarterly revenue was up 4.4% compared to the same quarter last year.

LSI has been the subject of several research analyst reports. Evercore ISI cut shares of Life Storage from an “in-line” rating to an “underperform” rating in a research report on Tuesday, December 18th. They noted that the move was a valuation call. ValuEngine cut shares of Life Storage from a “buy” rating to a “hold” rating in a research report on Friday, November 2nd. Zacks Investment Research cut shares of Life Storage from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Citigroup dropped their price objective on shares of Life Storage from $100.00 to $91.00 and set a “neutral” rating for the company in a research report on Friday, October 5th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $93.33.

In other Life Storage news, COO Edward F. Killeen sold 4,006 shares of Life Storage stock in a transaction on Friday, December 14th. The shares were sold at an average price of $101.10, for a total transaction of $405,006.60. Following the completion of the sale, the chief operating officer now owns 24,763 shares of the company’s stock, valued at approximately $2,503,539.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Kenneth F. Myszka sold 5,000 shares of Life Storage stock in a transaction on Monday, November 5th. The stock was sold at an average price of $94.39, for a total transaction of $471,950.00. The disclosure for this sale can be found here. Insiders sold a total of 10,962 shares of company stock valued at $1,074,506 in the last 90 days. 1.80% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Life Storage by 5.1% during the 3rd quarter. Vanguard Group Inc. now owns 7,276,424 shares of the real estate investment trust’s stock worth $692,424,000 after acquiring an additional 354,370 shares during the period. Vanguard Group Inc grew its holdings in Life Storage by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 7,276,424 shares of the real estate investment trust’s stock worth $692,424,000 after acquiring an additional 354,370 shares during the period. Cohen & Steers Inc. grew its holdings in Life Storage by 114.6% during the 3rd quarter. Cohen & Steers Inc. now owns 6,652,513 shares of the real estate investment trust’s stock worth $633,053,000 after acquiring an additional 3,552,687 shares during the period. BlackRock Inc. grew its holdings in Life Storage by 1.5% during the 3rd quarter. BlackRock Inc. now owns 5,525,374 shares of the real estate investment trust’s stock worth $525,796,000 after acquiring an additional 83,927 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in Life Storage by 21.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,425,183 shares of the real estate investment trust’s stock worth $325,940,000 after acquiring an additional 608,989 shares during the period. 99.79% of the stock is owned by hedge funds and other institutional investors.

LSI stock traded up $1.15 during trading on Monday, hitting $94.83. The company had a trading volume of 147,369 shares, compared to its average volume of 307,777. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.28 and a quick ratio of 0.28. Life Storage has a 12 month low of $76.42 and a 12 month high of $102.91. The stock has a market capitalization of $4.37 billion, a PE ratio of 17.86, a price-to-earnings-growth ratio of 3.70 and a beta of 0.44.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 28th. Investors of record on Tuesday, January 15th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 4.22%. The ex-dividend date is Monday, January 14th. Life Storage’s dividend payout ratio (DPR) is presently 75.33%.

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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