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

Sign in or create an account to add this stock to your watchlist.
$101.27 +0.61 (+0.61 %)
(As of 12/11/2018 04:00 PM ET)
Previous Close$100.66
Today's Range$100.78 - $102.50
52-Week Range$76.42 - $102.91
Volume303,515 shs
Average Volume393,627 shs
Market Capitalization$4.71 billion
P/E Ratio19.07
Dividend Yield3.95%
Beta0.39
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.

Receive LSI News and Ratings via Email

Sign-up to receive the latest news and ratings for LSI and its competitors with MarketBeat's FREE daily newsletter.

Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:LSI
Previous Symbol
CUSIP84610H10
Phone716-633-1850

Debt

Debt-to-Equity Ratio0.87
Current Ratio0.28
Quick Ratio0.28

Price-To-Earnings

Trailing P/E Ratio19.07
Forward P/E Ratio18.45
P/E Growth4.09

Sales & Book Value

Annual Sales$529.75 million
Price / Sales8.91
Cash Flow$4.9065 per share
Price / Cash Flow20.64
Book Value$43.58 per share
Price / Book2.32

Profitability

EPS (Most Recent Fiscal Year)$5.31
Net Income$96.36 million
Net Margins24.81%
Return on Equity6.68%
Return on Assets3.49%

Miscellaneous

Employees1,792
Outstanding Shares46,600,000
Market Cap$4.71 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 Tuesday, October 2nd. Investors of record on Tuesday, October 16th will be paid a dividend of $1.00 per share on Friday, October 26th. This represents a $4.00 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date is Monday, October 15th. View Life Storage's Dividend History.

How will Life Storage's stock buyback program work?

Life Storage declared that its board has authorized a share buyback plan on Wednesday, August 2nd 2017, which authorizes the company to buyback $200,000,000.00 in 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 plans are typically an indication that the company's leadership believes its shares are undervalued.

How were Life Storage's earnings last quarter?

Life Storage Inc (NYSE:LSI) issued its quarterly earnings data on Wednesday, October, 31st. The real estate investment trust reported $0.88 earnings per share (EPS) for the quarter, hitting the Zacks' consensus estimate of $0.88. The real estate investment trust had revenue of $141.50 million for the quarter, compared to analyst estimates of $141.10 million. Life Storage had a return on equity of 6.68% and a net margin of 24.81%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.76 earnings per share. 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 Wednesday, February 20th 2019. View Earnings Estimates for Life Storage.

What guidance has Life Storage issued on next quarter's earnings?

Life Storage issued an update on its fourth quarter earnings guidance on Wednesday, October, 31st. The company provided EPS guidance of $1.35-$1.39 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.37. Life Storage also updated its FY 2018 guidance to $5.46-5.52 EPS.

What price target have analysts set for LSI?

9 Wall Street analysts have issued 12-month price targets for Life Storage's stock. Their predictions range from $70.00 to $105.00. On average, they expect Life Storage's share price to reach $89.40 in the next year. This suggests that the stock has a possible downside of 11.7%. View Analyst Price Targets for Life Storage.

What is the consensus analysts' recommendation for Life Storage?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 3 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. " (8/23/2018)
  • 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, according to InfoTrie. The research firm 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 -5 to 5, with scores nearest to five being the most favorable. Life Storage earned a daily sentiment score of 1.1 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company'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 62)
  • Mr. Andrew J. Gregoire CPA, CFO & Sec. (Age 50)
  • Mr. Edward F. Killeen, Chief Operating Officer (Age 54)
  • Mr. Joseph V. Saffire, Chief Investment Officer (Age 48)
  • Mr. Paul T. Powell, Advisor (Age 62)

Who are Life Storage's major shareholders?

Life Storage's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.61%), Cohen & Steers Inc. (14.28%), BlackRock Inc. (11.86%), Massachusetts Financial Services Co. MA (7.35%), Daiwa Securities Group Inc. (3.12%) and Dimensional Fund Advisors LP (1.54%). 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 FMR LLC, Prudential Financial Inc., Fisher Asset Management LLC, Morgan Stanley, Waterfront Capital Partners LLC, Alliancebernstein L.P., JPMorgan Chase & Co. and JPMorgan Chase & Co.. 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 Cohen & Steers Inc., Daiwa Securities Group Inc., Massachusetts Financial Services Co. MA, Vanguard Group Inc., Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V., NN Investment Partners Holdings N.V. and Renaissance Technologies LLC. 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 $101.27.

How big of a company is Life Storage?

Life Storage has a market capitalization of $4.71 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:  379 (Vote Outperform)
Underperform Votes:  475 (Vote Underperform)
Total Votes:  854
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 12/11/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.

Yahoo Gemini Pixel