First quarter 2021 EPS estimates for Life Storage, Inc. down by analyst (NYSE: LSI)

Life Storage, Inc. (NYSE: LSI) – Jefferies Financial Group cut its first quarter 2021 profit estimates for Life Storage in a research report released on Friday, April 16. Jefferies Financial Group analyst J. Petersen now predicts the REIT will post earnings of $ 0.96 per share for the quarter, down from their previous forecast of $ 0.97. Jefferies Financial Group also released estimates for Life Storage Q4 2021 profit at $ 1.07, FY2021 profit at $ 4.21 EPS, Q1 2022 profit at $ 1.04 EPS, Q3 2022 profit at 1, $ 19 BPA, FY2022 profit at $ 4.58 BPA, and Q1 2023 profit at $ 1.12 BPA. Life Storage (NYSE: LSI) last released its quarterly earnings data on Sunday, February 21. The REIT reported EPS of $ 0.57 for the quarter, missing the consensus estimate of $ 1.04 of ($ 0.47). The company posted revenue of $ 166.51 million for the quarter, compared to the consensus estimate of $ 161.41 million. Life Storage had a net margin of 25.67% and a return on equity of 7.09%. The company’s revenue for the quarter increased 12.8% year over year. During the same period last year, the company earned $ 1.44 per share.

A number of other research analysts have also commented on the company recently. KeyCorp raised its target price on Life Storage from $ 86.00 to $ 92.00 and assigned the company an “overweight” rating in a research report on Wednesday, February 24. Truist raised its price target on Life Storage shares from $ 85.00 to $ 88.00 in a research note on Friday, March 5. Zacks investment research in a Thursday, Feb. 18 research report, Life Storage shares went from a “buy” rating to a “maintain” rating. BMO Capital Markets upgraded Life Storage shares from a “market return” to an “outperform” rating and increased its price target for the company from $ 81.33 to $ 93.33 in a year. report published on Thursday, January 7. Finally, Evercore ISI upgraded Life Storage from an “online” rating to an “outperforming” rating and increased its share price target from $ 82.00 to $ 94.00 in a research note on Monday. 8 March. Two investment analysts rated the stock with a sustaining rating and five gave the company’s stock a buy rating. The stock currently has a consensus rating of “Buy” and an average price target of $ 89.50.

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NYSE LSI open for $ 91.67 on Mondays. The company has a debt ratio of 1.02, a current ratio of 1.18, and a rapid ratio of 1.18. Life Storage has a one year minimum of $ 55.00 and a one year maximum of $ 92.03. The company has a 50-day simple moving average of $ 86.36 and a two-hundred-day simple moving average of $ 80.30. The stock has a market cap of $ 6.92 billion, a PE ratio of 28.03, a P / E / G ratio of 5.27 and a beta of 0.32.

Institutional investors and hedge funds have recently increased or reduced their stakes in the company. Reby Advisors LLC purchased a new stake in Life Storage shares during the 4th quarter valued at approximately $ 30,000. NEXT Financial Group Inc purchased a new stake in Life Storage shares during the fourth quarter valued at $ 34,000. International Assets Investment Management LLC purchased a new equity stake in Life Storage during the fourth quarter valued at $ 62,000. Harvest Fund Management Co. Ltd. increased its holdings of Life Storage shares by 92.3% in the fourth quarter. Harvest Fund Management Co. Ltd. now owns 1,042 REIT shares valued at $ 82,000 after purchasing an additional 500 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in Life Storage by 181.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 775 real estate investment trust shares worth $ 93,000 after purchasing an additional 500 shares during the period. 89.84% of the shares are currently held by hedge funds and other institutional investors.

The company also recently disclosed a quarterly dividend, which will be paid on Monday April 26. Shareholders of record on Wednesday April 14 will receive a dividend of $ 0.74. This represents an annualized dividend of $ 2.96 and a return of 3.23%. The ex-dividend date of this dividend is Tuesday April 13. Life Storage’s payout ratio is currently 52.67%.

Life Storage Company Profile

Life Storage, Inc. is a self-managed and self-managed real estate investment company engaged in the acquisition and management of self-storage facilities. Headquartered in Buffalo, New York, the company operates more than 900 storage facilities in 30 states and the province of Ontario, Canada. The Company serves residential and commercial storage customers with monthly leased storage units.

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Revenue history and estimates for Life Storage (NYSE: LSI)

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7 outdoor recreation stocks for growth and dividends

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See “7 Outdoor Recreation Stocks for Growth and Dividends”.

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