Life Storage Inc (NYSE:LSI) announced a quarterly dividend on Wednesday, January 3rd, RTT News reports. Shareholders of record on Tuesday, January 16th will be given a dividend of 1.00 per share by the real estate investment trust on Friday, January 26th. This represents a $4.00 annualized dividend and a yield of 4.52%.

Life Storage has a dividend payout ratio of 75.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Life Storage to earn $5.40 per share next year, which means the company should continue to be able to cover its $4.00 annual dividend with an expected future payout ratio of 74.1%.

Life Storage (LSI) traded down $0.51 during midday trading on Wednesday, reaching $88.56. 272,100 shares of the company’s stock traded hands, compared to its average volume of 308,700. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.19 and a quick ratio of 0.19. Life Storage has a 1 year low of $69.00 and a 1 year high of $91.75. The company has a market capitalization of $4,145.03, a price-to-earnings ratio of 44.06, a P/E/G ratio of 3.67 and a beta of 0.64.

Several analysts have issued reports on LSI shares. UBS Group lowered shares of Life Storage from a “neutral” rating to a “sell” rating and set a $75.00 price target on the stock. in a research report on Friday, December 15th. Evercore ISI reiterated an “underperform” rating and issued a $76.00 price objective (up from $71.00) on shares of Life Storage in a report on Thursday, September 14th. B. Riley reiterated a “sell” rating on shares of Life Storage in a report on Wednesday, November 1st. BidaskClub upgraded shares of Life Storage from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Finally, Zacks Investment Research upgraded shares of Life Storage from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Five investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $81.79.

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About Life Storage

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.

Dividend History for Life Storage (NYSE:LSI)

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