Life Storage Inc (NYSE:LSI) – Research analysts at B. Riley decreased their FY2017 earnings estimates for Life Storage in a research note issued on Monday. B. Riley analyst D. Corak now forecasts that the real estate investment trust will earn $5.25 per share for the year, down from their previous forecast of $5.27. B. Riley currently has a “Sell” rating and a $70.00 target price on the stock. B. Riley also issued estimates for Life Storage’s Q4 2017 earnings at $1.28 EPS, Q1 2018 earnings at $1.29 EPS, Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.46 EPS, Q4 2018 earnings at $1.25 EPS, FY2018 earnings at $5.38 EPS, Q1 2019 earnings at $1.23 EPS, Q2 2019 earnings at $1.32 EPS and Q3 2019 earnings at $1.42 EPS.

A number of other research firms have also recently issued reports on LSI. Jefferies Group set a $72.00 target price on Life Storage and gave the company a “hold” rating in a research report on Friday, August 18th. BidaskClub upgraded Life Storage from a “hold” rating to a “buy” rating in a report on Monday, September 18th. KeyCorp restated a “hold” rating on shares of Life Storage in a report on Thursday, October 12th. Zacks Investment Research cut Life Storage from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, Cantor Fitzgerald boosted 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. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.07.

Life Storage (NYSE LSI) opened at $89.90 on Tuesday. Life Storage has a 12-month low of $69.00 and a 12-month high of $91.27. 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 stock has a market capitalization of $4,219.49, a PE ratio of 17.14, a price-to-earnings-growth ratio of 3.81 and a beta of 0.64.

A number of hedge funds have recently made changes to their positions in LSI. Land & Buildings Investment Management LLC bought a new stake in Life Storage in the third quarter valued at approximately $67,395,000. Macquarie Group Ltd. boosted its holdings in Life Storage by 373.4% in the second quarter. Macquarie Group Ltd. now owns 709,252 shares of the real estate investment trust’s stock valued at $52,555,000 after acquiring an additional 559,428 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in Life Storage by 922.2% in the third quarter. JPMorgan Chase & Co. now owns 590,488 shares of the real estate investment trust’s stock valued at $47,699,000 after buying an additional 532,721 shares during the period. Barings LLC acquired a new position in Life Storage in the third quarter valued at approximately $22,872,000. Finally, Prudential Financial Inc. lifted its stake in Life Storage by 840.0% in the third quarter. Prudential Financial Inc. now owns 299,983 shares of the real estate investment trust’s stock valued at $24,542,000 after buying an additional 268,070 shares during the period. Institutional investors and hedge funds own 96.75% of the company’s stock.

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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)

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