Earnings results for Life Storage (NYSE:LSI)
Life Storage, Inc. is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 5 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.01. The reported EPS for the same quarter last year was $0.93.
Life Storage last issued its quarterly earnings results on February 21st, 2021. The real estate investment trust reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by $0.47. The business had revenue of $166.51 million for the quarter, compared to analysts’ expectations of $161.41 million. Its revenue for the quarter was up 12.8% on a year-over-year basis. Life Storage has generated $5.62 earnings per share over the last year and currently has a price-to-earnings ratio of 29.4. Life Storage has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Life Storage will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.
Analyst Opinion on Life Storage (NYSE:LSI)
6 Wall Street analysts have issued ratings and price targets for Life Storage in the last 12 months. Their average twelve-month price target is $88.86, predicting that the stock has a possible downside of 7.50%. The high price target for LSI is $94.00 and the low price target for LSI is $76.67. There are currently 1 hold rating and 5 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Life Storage has received a consensus rating of Buy. The company’s average rating score is 2.83, and is based on 5 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $88.86, Life Storage has a forecasted downside of 7.5% from its current price of $96.06. Life Storage has only been the subject of 4 research reports in the past 90 days.
Dividend Strength: Life Storage (NYSE:LSI)
Life Storage pays a meaningful dividend of 3.08%, higher than the bottom 25% of all stocks that pay dividends. Life Storage does not have a long track record of dividend growth. The dividend payout ratio of Life Storage is 52.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Life Storage will have a dividend payout ratio of 46.84% next year. This indicates that Life Storage will be able to sustain or increase its dividend.
Insiders buying/selling: Life Storage (NYSE:LSI)
In the past three months, Life Storage insiders have not sold or bought any company stock. Only 0.90% of the stock of Life Storage is held by insiders. 89.84% of the stock of Life Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Life Storage (NYSE:LSI
Earnings for Life Storage are expected to grow by 7.67% in the coming year, from $5.87 to $6.32 per share. The P/E ratio of Life Storage is 29.38, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.08. The P/E ratio of Life Storage is 29.38, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 23.04. Life Storage has a PEG Ratio of 5.27. PEG Ratios above 1 indicate that a company could be overvalued. Life Storage has a P/B Ratio of 2.10. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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