Life Storage Inc (NYSE:LSI) – Stock analysts at Jefferies Group issued their Q1 2018 EPS estimates for shares of Life Storage in a research note issued on Monday. Jefferies Group analyst G. Hoglund expects that the real estate investment trust will earn $1.27 per share for the quarter. Jefferies Group has a “Hold” rating and a $82.00 price target on the stock. Jefferies Group also issued estimates for Life Storage’s Q2 2018 earnings at $1.35 EPS, Q3 2018 earnings at $1.36 EPS, Q4 2018 earnings at $1.37 EPS, FY2018 earnings at $5.35 EPS and FY2019 earnings at $5.57 EPS.
Life Storage (NYSE:LSI) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $1.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.31 by $0.03. The firm had revenue of $133.08 million during the quarter, compared to the consensus estimate of $133.46 million. Life Storage had a return on equity of 4.83% and a net margin of 18.19%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.31 earnings per share.
Several other equities research analysts also recently issued reports on LSI. Zacks Investment Research downgraded Life Storage from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. BidaskClub upgraded Life Storage from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Cantor Fitzgerald upped their price target on Life Storage from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. B. Riley set a $70.00 price target on Life Storage and gave the stock a “sell” rating in a report on Tuesday, November 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Life Storage in a report on Sunday, November 19th. Six research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the stock. Life Storage presently has a consensus rating of “Hold” and an average target price of $81.43.
Shares of Life Storage (NYSE:LSI) opened at $80.11 on Wednesday. Life Storage has a 1-year low of $69.00 and a 1-year high of $91.75. The stock has a market capitalization of $3,704.05, a price-to-earnings ratio of 14.97, a P/E/G ratio of 3.17 and a beta of 0.56. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.85.
A number of hedge funds have recently bought and sold shares of LSI. First Trust Advisors LP boosted its position in Life Storage by 4.7% in the third quarter. First Trust Advisors LP now owns 28,928 shares of the real estate investment trust’s stock worth $2,367,000 after purchasing an additional 1,308 shares during the last quarter. Aperio Group LLC boosted its position in Life Storage by 22.5% in the third quarter. Aperio Group LLC now owns 23,025 shares of the real estate investment trust’s stock worth $1,884,000 after purchasing an additional 4,231 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in Life Storage in the third quarter worth $489,000. State Board of Administration of Florida Retirement System boosted its position in Life Storage by 2.5% in the third quarter. State Board of Administration of Florida Retirement System now owns 61,615 shares of the real estate investment trust’s stock worth $5,041,000 after purchasing an additional 1,530 shares during the last quarter. Finally, Forsta AP Fonden boosted its position in Life Storage by 59.1% in the third quarter. Forsta AP Fonden now owns 24,500 shares of the real estate investment trust’s stock worth $2,004,000 after purchasing an additional 9,100 shares during the last quarter.
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.