NYSE:LSI Life Storage (LSI) Stock Forecast, Price & News $129.15 -2.85 (-2.16%) (As of 06/8/2023 ET) Add Compare Share Share Today's Range$128.42▼$131.7150-Day Range$126.54▼$145.4252-Week Range$94.02▼$146.66Volume579,987 shsAverage Volume1.10 million shsMarket Capitalization$10.99 billionP/E Ratio29.97Dividend Yield3.72%Price Target$128.89 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Life Storage MarketRank™ ForecastAnalyst RatingHold2.22 Rating ScoreUpside/Downside0.2% Downside$128.89 Price TargetShort InterestHealthy1.60% of Shares Sold ShortDividend StrengthModerateBased on Four FactorsSustainability-1.16Upright™ Environmental ScoreNews Sentiment0.09Based on 12 Articles This WeekInsider TradingSelling Shares$995,237 Sold Last QuarterProj. Earnings Growth7.10%From $6.90 to $7.39 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.35 out of 5 starsFinance Sector450th out of 858 stocksReal Estate Investment Trusts Industry90th out of 190 stocks 1.1 Analyst's Opinion Consensus RatingLife Storage has received a consensus rating of Hold. The company's average rating score is 2.22, and is based on 2 buy ratings, 7 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $128.89, Life Storage has a forecasted downside of 0.2% from its current price of $129.15.Amount of Analyst CoverageLife Storage has only been the subject of 3 research reports in the past 90 days. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.60% of the outstanding shares of Life Storage have been sold short.Short Interest Ratio / Days to CoverLife Storage has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Life Storage has recently decreased by 17.07%, indicating that investor sentiment is improving significantly. Previous Next 2.5 Dividend Strength Dividend LeadershipLife Storage is a leading dividend payer. It pays a dividend yield of 3.79%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthLife Storage has only been increasing its dividend for 4 years.Dividend CoverageThe dividend payout ratio of Life Storage is 111.37%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on earnings estimates, Life Storage will have a dividend payout ratio of 64.95% next year. This indicates that Life Storage will be able to sustain or increase its dividend. Previous Next 2.9 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreLife Storage has received a 24.98% net impact score from Upright. Life Storage seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is false driven by its "Storage services" product. See details.Environmental SustainabilityThe Environmental Impact score for Life Storage is -1.16. Previous Next 2.3 News and Social Media Coverage News SentimentLife Storage has a news sentiment score of 0.09. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.60 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 12 news articles for Life Storage this week, compared to 5 articles on an average week.Search InterestOnly 4 people have searched for LSI on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat Follows4 people have added Life Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Life Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $995,237.00 in company stock.Percentage Held by InsidersOnly 0.40% of the stock of Life Storage is held by insiders.Percentage Held by Institutions89.61% of the stock of Life Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Life Storage are expected to grow by 7.10% in the coming year, from $6.90 to $7.39 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Life Storage is 29.97, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.18.Price to Earnings Ratio vs. SectorThe P/E ratio of Life Storage is 29.97, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 144.64.Price to Book Value per Share RatioLife Storage has a P/B Ratio of 3.03. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Life Storage (NYSE:LSI) StockLife Storage, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. It offers commercial, vehicle, and wine storage services. The company was founded by Robert J. Attea, David L. Rogers, Kenneth F. Myszka, and Charles E. Lannon in 1982 and is headquartered in Buffalo, NY.Read More Receive LSI Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Life Storage and its competitors with MarketBeat's FREE daily newsletter. Email Address LSI Stock News HeadlinesMay 31, 2023 | marketbeat.comWhat U-Haul Earnings Are Showing, Heading Up? (LSI)U-Haul is showing signs of a business model pivot, as shifts in its fiscal year earnings results show two colliding trends. Investors may be facing a new rallyJune 8, 2023 | americanbankingnews.comLife Storage, Inc. (NYSE:LSI) Director Arthur L. Havener, Jr. Sells 2,625 SharesJune 8, 2023 | Behind the Markets (Ad)Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months. Get the name of the stock here >>>June 8, 2023 | americanbankingnews.comLife Storage, Inc. (NYSE:LSI) CEO Joseph Saffire Sells 5,036 SharesJune 7, 2023 | americanbankingnews.comLife Storage (NYSE:LSI) Coverage Initiated by Analysts at StockNews.comJune 5, 2023 | finance.yahoo.comExtra Space To Commence Exchange Offers And Consent SolicitationsJune 2, 2023 | msn.comSelf-storage company to construct new York County storage facilityMay 30, 2023 | americanbankingnews.comLife Storage (NYSE:LSI) Now Covered by Analysts at StockNews.comJune 8, 2023 | Behind the Markets (Ad)Small A.I. Firm Wins $2 Billion in Contracts for Breakthrough "Living Software"Denver firm proves its possible to use AI to save the lives of soldiers in combat. England, Germany, Japan and Australia have all signed contracts within the past 18 months. Get the name of the stock here >>>May 29, 2023 | markets.businessinsider.comAnalysts Are Bullish on These NA Stocks: Life Storage (LSI), Wynn Resorts (WYNN)May 25, 2023 | markets.businessinsider.comAnalysts Offer Insights on Financial Companies: Life Storage (LSI) and AdaptHealth (AHCO)May 17, 2023 | americanbankingnews.comLife Storage, Inc. (NYSE:LSI) Receives $127.22 Average Target Price from AnalystsMay 16, 2023 | americanbankingnews.comStifel Nicolaus Increases Life Storage (NYSE:LSI) Price Target to $145.00May 16, 2023 | msn.comLife Storage Merger With Extra Space Storage: Hold For NowMay 12, 2023 | msn.comStifel Maintains Life Storage Inc - Registered Shares (LSI) Buy RecommendationMay 6, 2023 | americanbankingnews.comLife Storage (NYSE:LSI) Coverage Initiated at StockNews.comMay 2, 2023 | finance.yahoo.comLife Storage, Inc. Reports First Quarter 2023 ResultsMay 2, 2023 | finance.yahoo.comLife Storage (LSI) Q1 FFO Miss EstimatesMay 1, 2023 | americanbankingnews.comLife Storage (LSI) Scheduled to Post Earnings on TuesdayApril 20, 2023 | americanbankingnews.comLife Storage (NYSE:LSI) Now Covered by StockNews.comApril 20, 2023 | americanbankingnews.comAnalysts Set Life Storage, Inc. (NYSE:LSI) Price Target at $127.22April 18, 2023 | americanbankingnews.comQ2 2023 EPS Estimates for Life Storage, Inc. (NYSE:LSI) Lifted by AnalystApril 14, 2023 | americanbankingnews.comLife Storage (NYSE:LSI) Stock Rating Lowered by Wolfe ResearchApril 14, 2023 | americanbankingnews.comLife Storage Target of Unusually High Options Trading (NYSE:LSI)April 12, 2023 | msn.comUnusual Call Option Trade in Life Storage (LSI) Worth $2,512.50KApril 12, 2023 | seekingalpha.comLife Storage: Attractive All-Stock Merger Arb DealApril 11, 2023 | markets.businessinsider.comSHAREHOLDER UPDATE: Halper Sadeh LLC Investigates LSI, HSKA, DHCSee More Headlines LSI Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart LSI Company Calendar Last Earnings8/03/2022Ex-Dividend for 4/26 Dividend4/13/2023Dividend Payable4/26/2023Today6/08/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustrySpecialized REITs SectorFinance Current SymbolNYSE:LSI CUSIP84610H10 CIK944314 Webwww.lifestorage.com Phone(716) 633-1850Fax800-800-3456Employees2,508Year Founded2011Price Target and Rating Average Stock Price Forecast$128.89 High Stock Price Forecast$154.00 Low Stock Price Forecast$97.00 Forecasted Upside/Downside-0.1%Consensus RatingHold Rating Score (0-4)2.22 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$4.31 Trailing P/E Ratio29.93 Forward P/E Ratio18.70 P/E GrowthN/ANet Income$358.13 million Net Margins33.96% Pretax Margin33.90% Return on Equity10.43% Return on Assets5.16% Debt Debt-to-Equity Ratio0.95 Current Ratio0.42 Quick Ratio0.42 Sales & Book Value Annual Sales$1.04 billion Price / Sales10.57 Cash Flow$6.67 per share Price / Cash Flow19.33 Book Value$42.68 per share Price / Book3.02Miscellaneous Outstanding Shares85,090,000Free Float84,750,000Market Cap$10.98 billion OptionableOptionable Beta0.65 Key ExecutivesJoseph V. SaffireChief Executive Officer & DirectorDavid DodmanChief Operating OfficerAlexander E. GressChief Financial OfficerKate WhiteSVP-Human Resources & Corporate CommunicationsBrent MaedlHead-Investor RelationsKey CompetitorsCubeSmartNYSE:CUBEHealthcare Realty TrustNYSE:HROmega Healthcare InvestorsNYSE:OHIMedical Properties TrustNYSE:MPWRyman Hospitality PropertiesNYSE:RHPView All CompetitorsInsiders & InstitutionsJoseph SaffireSold 5,036 sharesTotal: $659,867.08 ($131.03/share)Arthur L Havener JrSold 2,625 sharesTotal: $335,370.00 ($127.76/share)Level Four Advisory Services LLCBought 950 shares on 6/5/2023Ownership: 0.004%Prelude Capital Management LLCBought 12,324 shares on 6/1/2023Ownership: 0.014%Golden State Equity PartnersBought 1,529 shares on 6/1/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions LSI Stock - Frequently Asked Questions Should I buy or sell Life Storage stock right now? 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last twelve months. There are currently 7 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" LSI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in LSI, but not buy additional shares or sell existing shares. View LSI analyst ratings or view top-rated stocks. What is Life Storage's stock price forecast for 2023? 9 brokerages have issued 12 month price objectives for Life Storage's stock. Their LSI share price forecasts range from $97.00 to $154.00. On average, they expect the company's share price to reach $128.89 in the next twelve months. This suggests that the stock has a possible downside of 0.1%. View analysts price targets for LSI or view top-rated stocks among Wall Street analysts. How have LSI shares performed in 2023? Life Storage's stock was trading at $98.50 at the beginning of 2023. Since then, LSI stock has increased by 31.0% and is now trading at $129.00. View the best growth stocks for 2023 here. Are investors shorting Life Storage? Life Storage saw a drop in short interest in April. As of April 30th, there was short interest totaling 1,640,000 shares, a drop of 8.9% from the April 15th total of 1,800,000 shares. Based on an average trading volume of 1,420,000 shares, the days-to-cover ratio is currently 1.2 days. View Life Storage's Short Interest. When is Life Storage's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our LSI earnings forecast. How were Life Storage's earnings last quarter? Life Storage, Inc. (NYSE:LSI) released its quarterly earnings results on Wednesday, August, 3rd. The real estate investment trust reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.53 by $0.44. Life Storage had a net margin of 33.96% and a trailing twelve-month return on equity of 10.43%. During the same period last year, the business posted $1.20 EPS. How often does Life Storage pay dividends? What is the dividend yield for Life Storage? Life Storage declared a quarterly dividend on Monday, April 3rd. Investors of record on Friday, April 14th will be given a dividend of $1.20 per share on Wednesday, April 26th. This represents a $4.80 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Thursday, April 13th. Read our dividend analysis for LSI. What ETFs hold Life Storage's stock? ETFs with the largest weight of Life Storage (NYSE:LSI) stock in their portfolio include Nuveen Short-Term REIT ETF (NURE), Pacer Industrial Real Estate ETF (INDS), Inspire Faithward Mid Cap Momentum ETF (GLRY), iShares Residential and Multisector Real Estate ETF (REZ), ALPS Active REIT ETF (REIT), JPMorgan Realty Income ETF (JPRE), Invesco Active U.S. Real Estate ETF (PSR) and Thrivent Small-Mid Cap ESG ETF (TSME). Is Life Storage a good dividend stock? Life Storage (NYSE:LSI) pays an annual dividend of $4.80 per share and currently has a dividend yield of 3.79%. The company has been increasing its dividend for 4 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 111.37%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LSI will have a dividend payout ratio of 64.95% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for LSI. When did Life Storage's stock split? Life Storage shares split on the morning of Thursday, January 28th 2021. The 3-2 split was announced on Monday, January 4th 2021. The newly created shares were distributed to shareholders after the closing bell on Wednesday, January 27th 2021. An investor that had 100 shares of stock prior to the split would have 150 shares after the split. What guidance has Life Storage issued on next quarter's earnings? Life Storage issued an update on its FY23 earnings guidance on Tuesday, May, 2nd. The company provided earnings per share guidance of $6.75-$6.95 for the period, compared to the consensus EPS estimate of $6.93. What is Joseph Saffire's approval rating as Life Storage's CEO? 17 employees have rated Life Storage Chief Executive Officer Joseph Saffire on Glassdoor.com. Joseph Saffire has an approval rating of 67% among the company's employees. What other stocks do shareholders of Life Storage own? Based on aggregate information from My MarketBeat watchlists, some companies that other Life Storage investors own include Intel (INTC), Starbucks (SBUX), Walt Disney (DIS), Home Depot (HD), Verizon Communications (VZ), AT&T (T), QUALCOMM (QCOM), Cisco Systems (CSCO), Extra Space Storage (EXR) and Lockheed Martin (LMT). What is Life Storage's stock symbol? Life Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "LSI." Who are Life Storage's major shareholders? Life Storage's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (11.43%), State Street Corp (5.51%), Price T Rowe Associates Inc. MD (2.70%), Wellington Management Group LLP (1.99%), Geode Capital Management LLC (1.72%) and Deutsche Bank AG (1.61%). Insiders that own company stock include Andrew J Gregoire, Andrew J Gregoire, Arthur L Havener Jr, Arthur L Havener, Jr, David L Rogers, Edward F Killeen, Edward F Killeen, Joseph Saffire and Stephen R Rusmisel. View institutional ownership trends. How do I buy shares of Life Storage? Shares of LSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Life Storage's stock price today? One share of LSI stock can currently be purchased for approximately $129.00. How much money does Life Storage make? Life Storage (NYSE:LSI) has a market capitalization of $10.98 billion and generates $1.04 billion in revenue each year. The real estate investment trust earns $358.13 million in net income (profit) each year or $4.31 on an earnings per share basis. How many employees does Life Storage have? The company employs 2,508 workers across the globe. How can I contact Life Storage? Life Storage's mailing address is 6467 Main Street, Williamsville NY, 14221. The official website for the company is www.lifestorage.com. The real estate investment trust can be reached via phone at (716) 633-1850 or via fax at 800-800-3456. This page (NYSE:LSI) was last updated on 6/8/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Life Storage, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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