NYSE:LSI - Life Storage Stock Price, News, & Analysis

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$100.00 +0.18 (+0.18 %)
(As of 02/15/2019 04:00 PM ET)
Previous Close$99.82
Today's Range$99.03 - $100.07
52-Week Range$77.33 - $102.91
Volume185,043 shs
Average Volume287,908 shs
Market Capitalization$4.66 billion
P/E Ratio18.83
Dividend Yield4.01%
Beta0.51
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 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to its 400,000-plus customers, making it a leader in the industry.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP84610H10
Phone716-633-1850

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$529.75 million
Cash Flow$4.9261 per share
Book Value$43.58 per share

Profitability

Net Income$96.36 million

Miscellaneous

Employees1,792
Market Cap$4.66 billion
OptionableOptionable

Life Storage (NYSE:LSI) Frequently Asked Questions

What is Life Storage's stock symbol?

Life Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "LSI."

How often does Life Storage pay dividends? What is the dividend yield for Life Storage?

Life Storage declared a quarterly dividend on Friday, January 4th. Shareholders of record on Tuesday, January 15th will be paid a dividend of $1.00 per share on Monday, January 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Monday, January 14th. View Life Storage's Dividend History.

How will Life Storage's stock buyback program work?

Life Storage declared that its board has approved a stock buyback program on Wednesday, August 2nd 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's board of directors believes its stock is undervalued.

How were Life Storage's earnings last quarter?

Life Storage Inc (NYSE:LSI) announced its quarterly earnings results on Wednesday, October, 31st. The real estate investment trust reported $0.88 earnings per share for the quarter, meeting analysts' consensus estimates of $0.88. The real estate investment trust earned $141.50 million during the quarter, compared to the consensus estimate of $141.10 million. Life Storage had a net margin of 24.81% and a return on equity of 6.68%. The business's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.76 EPS. View Life Storage's Earnings History.

When is Life Storage's next earnings date?

Life Storage is scheduled to release their next quarterly earnings announcement on Monday, February 25th 2019. View Earnings Estimates for Life Storage.

How can I listen to Life Storage's earnings call?

Life Storage will be holding an earnings conference call on Tuesday, February 26th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8777377051.

What price target have analysts set for LSI?

8 analysts have issued 12 month target prices for Life Storage's stock. Their forecasts range from $70.00 to $105.00. On average, they expect Life Storage's share price to reach $90.8750 in the next year. This suggests that the stock has a possible downside of 9.1%. View Analyst Price Targets for Life Storage.

What is the consensus analysts' recommendation for Life Storage?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 2 sell ratings and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Life Storage.

What are Wall Street analysts saying about Life Storage stock?

Here are some recent quotes from research analysts about Life Storage stock:
  • 1. According to Zacks Investment Research, "Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust which acquires and manages self-storage properties. The company's brand name consists of Life Storage(R) and Uncle Bob's Self Storage(R). Life Storage, Inc., formerly known as Sovran Self Storage, Inc., is headquartered in Buffalo, New York. " (1/22/2019)
  • 2. Cantor Fitzgerald analysts commented, "$0.03/sh. Beat. 4Q Core FFO/sh. of $1.34 beat our/FactSet consensus by $0.03. The variance to our estimates include lower NOI offset by lower G&A. There was sequential improvement of 40bps to 1.3% in 4Q SS revenue growth (vs. our estimate of 1.4%), with rents down by 0.3% and occupancy up 60bps. Expenses were up 3.2% (-90bps seq.), with real estate taxes up 8.0%. As a result, SSNOI was up 0.4%, which is an improvement from the decline of 0.5% in 3Q. On a relative basis, LSI’s 4Q same-store revenue growth of 1.3% is 270bps lower than that of CUBE (OW), 360bps lower than that of EXR (N), and 80bps lower than that of PSA (N). Of the top 10 markets, San Antonio had the highest decline in seq. SS revenue growth (-110bps to -1.5%). Markets showing improvement include Houston (+300bps to 0.1%), which likely benefited from hurricanes; Tampa (+70bps to 1.8%) and Buffalo (+60bps to 2.5%)." (2/21/2018)

Has Life Storage been receiving favorable news coverage?

Media headlines about LSI stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Life Storage earned a media sentiment score of 1.3 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days.

Who are some of Life Storage's key competitors?

Who are Life Storage's key executives?

Life Storage's management team includes the folowing people:
  • Mr. David L. Rogers, CEO & Director (Age 63)
  • Mr. Andrew J. Gregoire CPA, CFO & Sec. (Age 51)
  • Mr. Edward F. Killeen, Chief Operating Officer (Age 55)
  • Mr. Joseph V. Saffire, Chief Investment Officer (Age 49)
  • Mr. Paul T. Powell, Advisor (Age 63)

Who are Life Storage's major shareholders?

Life Storage's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (14.33%), BlackRock Inc. (12.14%), Massachusetts Financial Services Co. MA (6.77%), Daiwa Securities Group Inc. (3.59%), Dimensional Fund Advisors LP (1.54%) and Macquarie Group Ltd. (1.41%). Company insiders that own Life Storage stock include Andrew J Gregoire, Arthur L Havener Jr, David L Rogers, Edward F Killeen, Kenneth F Myszka, Mark G Barberio, Paul T Powell, Robert J Attea and Stephen R Rusmisel. View Institutional Ownership Trends for Life Storage.

Which institutional investors are selling Life Storage stock?

LSI stock was sold by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, First Trust Advisors LP, Prudential Financial Inc., KBC Group NV, Northern Trust Corp, Squarepoint Ops LLC, California Public Employees Retirement System and State of Tennessee Treasury Department. Company insiders that have sold Life Storage company stock in the last year include Arthur L Havener Jr, David L Rogers, Edward F Killeen, Kenneth F Myszka and Robert J Attea. View Insider Buying and Selling for Life Storage.

Which institutional investors are buying Life Storage stock?

LSI stock was bought by a variety of institutional investors in the last quarter, including Daiwa Securities Group Inc., WINTON GROUP Ltd, BlackRock Inc., Nuveen Asset Management LLC, Sarasin & Partners LLP, Contravisory Investment Management Inc., Geode Capital Management LLC and Rhumbline Advisers. Company insiders that have bought Life Storage stock in the last two years include Andrew J Gregoire, Arthur L Havener Jr, Mark G Barberio, Paul T Powell and Stephen R Rusmisel. View Insider Buying and Selling for Life Storage.

How do I buy shares of Life Storage?

Shares of LSI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Life Storage's stock price today?

One share of LSI stock can currently be purchased for approximately $100.00.

How big of a company is Life Storage?

Life Storage has a market capitalization of $4.66 billion and generates $529.75 million in revenue each year. The real estate investment trust earns $96.36 million in net income (profit) each year or $5.31 on an earnings per share basis. Life Storage employs 1,792 workers across the globe.

What is Life Storage's official website?

The official website for Life Storage is http://www.lifestorage.com.

How can I contact Life Storage?

Life Storage's mailing address is 6467 Main Street, Williamsville NY, 14221. The real estate investment trust can be reached via phone at 716-633-1850.


MarketBeat Community Rating for Life Storage (NYSE LSI)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  393 (Vote Outperform)
Underperform Votes:  485 (Vote Underperform)
Total Votes:  878
MarketBeat's community ratings are surveys of what our community members think about Life Storage and other stocks. Vote "Outperform" if you believe LSI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LSI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 2/16/2019 by MarketBeat.com Staff

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