FY2022 Earnings Forecast for Life Storage Inc (LSI) Issued By SunTrust Banks

Life Storage Inc (NYSE:LSI) – Equities researchers at SunTrust Banks issued their FY2022 earnings estimates for Life Storage in a research report issued to clients and investors on Thursday. SunTrust Banks analyst K. Kim forecasts that the real estate investment trust will post earnings of $5.79 per share for the year. SunTrust Banks has a “Hold” rating and a $80.00 price objective on the stock.

Several other research firms have also weighed in on LSI. Zacks Investment Research lowered Life Storage from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. B. Riley set a $70.00 target price on Life Storage and gave the stock a “sell” rating in a report on Monday, December 4th. Robert W. Baird lowered Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 target price for the company. in a report on Thursday, January 25th. Cantor Fitzgerald upped 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. Finally, BidaskClub upgraded Life Storage from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 7th. Six investment analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $81.79.

Life Storage (NYSE:LSI) traded down $0.68 on Friday, reaching $78.83. The company had a trading volume of 323,157 shares, compared to its average volume of 432,542. Life Storage has a 12-month low of $69.00 and a 12-month high of $91.75. 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 cap of $3,634.06, a price-to-earnings ratio of 14.76, a P/E/G ratio of 3.12 and a beta of 0.52.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, January 16th were given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date was Friday, January 12th. Life Storage’s dividend payout ratio is presently 199.01%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Solaris Asset Management LLC bought a new stake in shares of Life Storage during the fourth quarter valued at approximately $112,000. Acadian Asset Management LLC bought a new stake in shares of Life Storage during the fourth quarter valued at approximately $131,000. Wolverine Asset Management LLC bought a new stake in shares of Life Storage during the fourth quarter valued at approximately $185,000. Bbva Compass Bancshares Inc. bought a new stake in shares of Life Storage during the fourth quarter valued at approximately $224,000. Finally, Perigon Wealth Management LLC increased its position in shares of Life Storage by 34.0% during the second quarter. Perigon Wealth Management LLC now owns 3,150 shares of the real estate investment trust’s stock valued at $233,000 after purchasing an additional 800 shares during the period.

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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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