Life Storage Inc (NYSE:LSI) – Equities researchers at B. Riley reduced their FY2017 EPS estimates for Life Storage in a research note issued on Monday. B. Riley analyst D. Corak now anticipates 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.

Several other research analysts have also recently weighed in on the company. Wells Fargo & Company set a $91.00 price target on Life Storage and gave the company a “hold” rating in a research report on Thursday, November 30th. Jefferies Group set a $86.00 price target on Life Storage and gave the company a “hold” rating in a research report on Tuesday, November 28th. SunTrust Banks restated a “hold” rating and issued a $80.00 price objective on shares of Life Storage in a research report on Friday, November 24th. Bank of America upgraded Life Storage from an “underperform” rating to a “neutral” rating in a research report on Tuesday, November 21st. Finally, KeyCorp restated a “hold” rating on shares of Life Storage in a research report on Sunday, November 19th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Life Storage has an average rating of “Hold” and a consensus price target of $81.07.

Life Storage (NYSE LSI) opened at $90.67 on Tuesday. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4,220.00, a P/E ratio of 17.06, a P/E/G ratio of 3.79 and a beta of 0.64. Life Storage has a 12-month low of $69.00 and a 12-month high of $91.25.

Several institutional investors have recently bought and sold shares of LSI. Westwood Holdings Group Inc. boosted its stake in shares of Life Storage by 0.8% in the second quarter. Westwood Holdings Group Inc. now owns 9,770 shares of the real estate investment trust’s stock worth $724,000 after acquiring an additional 75 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in shares of Life Storage by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 13,914 shares of the real estate investment trust’s stock worth $1,031,000 after acquiring an additional 210 shares during the last quarter. BB&T Securities LLC boosted its stake in shares of Life Storage by 3.3% in the second quarter. BB&T Securities LLC now owns 7,089 shares of the real estate investment trust’s stock worth $525,000 after acquiring an additional 228 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Life Storage by 9.4% in the second quarter. M&T Bank Corp now owns 3,246 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 278 shares during the last quarter. Finally, Texas Permanent School Fund boosted its stake in shares of Life Storage by 0.9% in the second quarter. Texas Permanent School Fund now owns 33,947 shares of the real estate investment trust’s stock worth $2,515,000 after acquiring an additional 289 shares during the last quarter. 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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