Life Storage, Inc. (NYSE:LSI) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, LSI is expected to report 3Q20 income of $ 0.87 per share from revenue of $ 151.02 million.
For the full year, analysts anticipate top line of $ 599.05 million, while looking forward to income of $ 3.26 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 5.94 ~ $ 6.08 per share
Click Here For More Historical Outlooks Of Life Storage, Inc.
Previous Quarter Performance
Life Storage, Inc. unveiled income for the second quarter of $ 1.42 per share, from the revenue of $ 147.01 million. The quarterly revenues improved 1.37 percent compared with the same quarter last year. Street analysts expected Life Storage, Inc. to report income of $ 0.77 per share on revenue of $ 146.21 million for the second quarter. The bottom line results beat street analysts by $ 0.65 or 84.42 percent, at the same time, top line results outshined analysts by $ 0.80 million or 0.55 percent.
Stock Performance
Shares of Life Storage, Inc. traded low $ -0.98 or -0.84 percent on Wednesday, reaching $ 115.75 with volume of 247.00 thousand shares. Life Storage, Inc. has traded high as $ 117.98 and has cracked $ 115.44 on the downward trend
The closing price of $ 115.75, representing a 73.42 % increase from the 52 week low of $ 67.31 and a 2.41 % decrease over the 52 week high of $ 119.61.
The company has a market capital of $ 5.43 billion and is part of the Real Estate sector and REIT – Industrial industry.
Recent Analyst recommendations
- On 15th October 2020, maintained by KeyBanc at Overweight rating, with $ 122.00 target price.
- On 6th October 2020, upgraded by Raymond James to Outperform from Market Perform rating.
Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Located in Buffalo, New York, the Company operates more than 750 storage facilities in 28 states and Ontario, Canada.
