Life Storage (LSI) to Release Earnings on Wednesday

Life Storage (NYSE:LSI) is set to post its quarterly earnings results after the market closes on Wednesday, February 21st. Analysts expect Life Storage to post earnings of $0.72 per share for the quarter.

Shares of Life Storage (LSI) opened at $79.33 on Wednesday. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $3,690.00, a price-to-earnings ratio of 39.47, a P/E/G ratio of 3.14 and a beta of 0.52. Life Storage has a 1-year low of $69.00 and a 1-year high of $91.75.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Tuesday, January 16th were issued a $1.00 dividend. The ex-dividend date of this dividend was Friday, January 12th. This represents a $4.00 annualized dividend and a dividend yield of 5.04%. Life Storage’s dividend payout ratio is presently 199.00%.

Several equities research analysts recently issued reports on the company. SunTrust Banks reiterated a “hold” rating and issued a $80.00 price objective on shares of Life Storage in a report on Friday, November 24th. KeyCorp reissued a “hold” rating on shares of Life Storage in a research note on Sunday, November 19th. Jefferies Group set a $86.00 target price on Life Storage and gave the stock a “hold” rating in a research note on Tuesday, November 28th. Robert W. Baird cut Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 target price for the company. in a research note on Thursday, January 25th. Finally, Cantor Fitzgerald boosted their target price on Life Storage from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a strong buy rating to the stock. Life Storage currently has an average rating of “Hold” and an average 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.

Earnings History for Life Storage (NYSE:LSI)

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