About Life Storage (NYSE:LSI)
Life Storage, Inc., formerly Sovran Self Storage, Inc., is a self-administered and self-managed real estate company. The Company acquires, owns and manages self-storage properties. The Company owns its assets and conducts its operations through Life Storage LP (the Operating Partnership) and subsidiaries of the Operating Partnership. As of December 31, 2016, the Company had an ownership interest in and/or managed 659 self-storage properties in 29 states under the names Life Storage and Uncle Bob's Self Storage. As of December 31, 2016, the Company's properties were located in various states of the United States, such as Alabama, Arizona, Colorado, California, Florida, Georgia, Maine, Kentucky, Nevada, New Jersey, Ohio, North Carolina, South Carolina, Texas, Utah and Virginia. As of December 31, 2016, the Company's properties ranged in size from 18,000 to 195,000 net rentable square feet, with an average of approximately 70,000 net rentable square feet.
Industry, Sector and Symbol
Industry REAL ESTATE
Trailing P/E Ratio38.8069507582162
Forward P/E Ratio14.96
Sales & Book Value
Annual Sales$529.75 million
Price / Sales7.05
Cash Flow$4.86 per share
Price / Cash16.53
Book Value$43.58 per share
Price / Book1.84
Net Income$96.36 million
Return on Equity4.83%
Return on Assets2.55%
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 announced a quarterly dividend on Wednesday, January 3rd. Shareholders of record on Tuesday, January 16th will be paid a dividend of $1.00 per share on Friday, January 26th. This represents a $4.00 annualized dividend and a yield of 4.98%. The ex-dividend date of this dividend is Friday, January 12th. View Life Storage's Dividend History.
How will Life Storage's stock buyback program work?
Life Storage announced that its Board of Directors has approved a share repurchase plan on Wednesday, August 2nd 2017, which allows the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 5.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board believes its shares are undervalued.
How were Life Storage's earnings last quarter?
Life Storage Inc (NYSE:LSI) posted its earnings results on Wednesday, February, 21st. The real estate investment trust reported $1.34 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.31 by $0.03. The real estate investment trust had revenue of $133.08 million for the quarter, compared to analysts' expectations of $133.46 million. Life Storage had a return on equity of 4.83% and a net margin of 18.19%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.31 EPS. View Life Storage's Earnings History.
When will Life Storage make its next earnings announcement?
What guidance has Life Storage issued on next quarter's earnings?
Life Storage updated its FY18 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of $5.33-5.43 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.38. The company issued revenue guidance of $535-540.3 million, compared to the consensus revenue estimate of $556.54 million.Life Storage also updated its Q1 guidance to $1.24-1.28 EPS.
Where is Life Storage's stock going? Where will Life Storage's stock price be in 2018?
13 Wall Street analysts have issued 1-year target prices for Life Storage's stock. Their forecasts range from $70.00 to $92.00. On average, they expect Life Storage's stock price to reach $80.75 in the next year. 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. " (3/21/2018)
- 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)
Who are some of Life Storage's key competitors?
Some companies that are related to Life Storage include Equity Lifestyle Properties (ELS), AGNC Investment (AGNC), Sun Communities (SUI), Gaming and Leisure Properties (GLPI), VICI Properties (VICI), Kilroy Realty (KRC), Invitation Homes (INVH), Vereit (VER), W.P. Carey Inc. REIT (WPC), Lamar Advertising (LAMR), Douglas Emmett (DEI), Apartment Investment and Management (AIV), Hammerson (HMSNF), Kimco Realty (KIM), Howard Hughes (HHC), National Retail Properties (NNN), Liberty Property Trust (LPT) and Park Hotels & Resorts (PK).
Who are Life Storage's key executives?
Life Storage's management team includes the folowing people:
- Robert J. Attea, Executive Chairman of the Board (Age 75)
- Kenneth F. Myszka, President, Director (Age 68)
- David L. Rogers, Chief Executive Officer (Age 61)
- Andrew J. Gregoire, Chief Financial Officer, Secretary (Age 49)
- Edward F. Killeen, Chief Operating Officer (Age 53)
- Paul T. Powell, Chief Investment Officer (Age 61)
- Carol Hansell, Director
- Mark G. Barberio, Independent Director (Age 54)
- Arthur L. Havener Jr., Independent Director (Age 50)
- Charles E. Lannon, Independent Director (Age 69)
Has Life Storage been receiving favorable news coverage?
News stories about LSI stock have trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Life Storage earned a daily sentiment score of 0.11 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 45.70 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are Life Storage's major shareholders?
Life Storage's stock is owned by many different of retail and institutional investors. Top institutional investors include BlackRock Inc. (11.11%), Security Capital Research & Management Inc. (5.73%), Goldman Sachs Group Inc. (5.59%), APG Asset Management US Inc. (1.87%), Fisher Asset Management LLC (1.74%) and Land & Buildings Investment Management LLC (1.73%). Company insiders that own Life Storage stock include Andrew J Gregoire, Arthur L Havener Jr, Charles E Lannon, Kenneth F Myszka, Mark G Barberio, Paul T Powell 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 Security Capital Research & Management Inc., Heitman Real Estate Securities LLC, Barings LLC, Deutsche Bank AG, Goldman Sachs Group Inc., Macquarie Group Ltd., NWQ Investment Management Company LLC and Jefferies Group LLC. 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 APG Asset Management US Inc., BlackRock Inc., Snow Park Capital Partners LP, Cbre Clarion Securities LLC, Sumitomo Mitsui Asset Management Company LTD, Sei Investments Co., Millennium Management LLC and Cornerstone Capital Management Holdings 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 $80.33.
How big of a company is Life Storage?
Life Storage has a market capitalization of $3.77 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 $2.07 on an earnings per share basis. Life Storage employs 1,792 workers across the globe.
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 (LSI)MarketBeat's community ratings are surveys of what our community members think about Life Storage and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Life Storage (NYSE:LSI) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||1.69||1.62||1.69||1.73|
|Ratings Breakdown: ||4 Sell Rating(s)|
9 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
|5 Sell Rating(s)|
8 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
|4 Sell Rating(s)|
9 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
|4 Sell Rating(s)|
6 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$80.75||$82.17||$81.33||$78.20|
|Price Target Upside: ||0.52% upside||5.30% upside||10.69% downside||3.10% downside|
Life Storage (NYSE:LSI) Consensus Price Target History
Life Storage (NYSE:LSI) Analyst Ratings History
(Data available from 3/24/2016 forward)
Life Storage (NYSE:LSI) Earnings History and Estimates Chart
Life Storage (NYSE LSI) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/21/2018||Q4 2017||$1.31||$1.34||$133.46 million||$133.08 million||View||N/A|
|11/1/2017||Q3 2017||$1.35||$0.81||$132.44 million||$135.57 million||View||N/A|
|8/2/2017||Q2 2017||$1.35||$1.33||$132.62 million||$132.78 million||View||Listen|
|5/3/2017||Q1 2017||$1.27||$1.26||$128.19 million||$128.30 million||View||Listen|
|2/15/2017||Q416||$1.30||$1.31||$127.74 million||$128.68 million||View||N/A|
|11/2/2016||Q316||$1.38||$1.34||$122.29 million||$127.80 million||View||N/A|
|8/3/2016||Q2 2016||$1.34||$1.03||$107.08 million||$107.01 million||View||N/A|
|4/27/2016||Q116||$1.17||$1.16||$96.60 million||$99.10 million||View||N/A|
|2/17/2016||Q4||$1.28||$1.26||$94.62 million||$95.04 million||View||Listen|
|10/28/2015||Q3||$1.28||$1.32||$93.39 million||$95.40 million||View||Listen|
|7/29/2015||Q2||$1.22||$1.22||$89.70 million||$90.73 million||View||Listen|
|4/29/2015||Q115||$1.09||$1.07||$86.83 million||$85.40 million||View||N/A|
|2/18/2015||Q414||$1.12||$1.08||$85.70 million||$84.93 million||View||N/A|
|10/29/2014||Q314||$1.13||$1.17||$84.60 million||$85.20 million||View||N/A|
|7/30/2014||Q214||$1.04||$1.08||$79.65 million||$80.44 million||View||N/A|
|4/30/2014||Q114||$0.96||$0.88||$73.08 million||$75.50 million||View||N/A|
|2/25/2014||Q413||$0.96||$0.98||$71.89 million||$66.40 million||View||N/A|
|1/22/2014||Q413||$0.16||$0.20||$600.90 million||$605.00 million||View||N/A|
|11/5/2013||Q313||$0.97||$0.98||$67.69 million||$70.98 million||View||N/A|
|10/23/2013||Q313||$0.16||$0.17||$611.30 million||$607.00 million||View||N/A|
|7/31/2013||Q213||$0.90||$0.94||$62.97 million||$67.62 million||View||N/A|
|7/24/2013||Q2 2013||$0.13||$0.15||$580.71 million||$590.00 million||View||N/A|
|5/1/2013||Q113||$0.83||$0.82||$60.63 million||$64.34 million||View||N/A|
|4/24/2013||Q1 2013||$0.12||$0.17||$555.88 million||$568.60 million||View||N/A|
|2/13/2013||Q412||$0.81||$0.83||$59.68 million||$62.13 million||View||N/A|
|1/23/2013||Q4 2012||$0.14||$0.18||$590.53 million||$600.10 million||View||N/A|
Life Storage (NYSE:LSI) Earnings Estimates
2018 EPS Consensus Estimate: $5.36
2019 EPS Consensus Estimate: $5.29
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Life Storage (NYSE:LSI) Dividend Information
|Most Recent Dividend:||1/26/2018|
|Dividend Growth:||0.00% (3 Year Average)|
|Payout Ratio:||193.24% (Trailing 12 Months of Earnings) |
74.49% (Based on This Year's Estimates)
73.80% (Based on Next Year's Estimates)
Life Storage (NYSE:LSI) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Life Storage (NYSE LSI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.90%
Life Storage (NYSE LSI) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|8/21/2017||Andrew J Gregoire||CFO||Buy||1,500||$71.65||$107,475.00||48,173|| |
|8/21/2017||Arthur L Havener Jr||Director||Buy||990||$73.20||$72,468.00||7,413|| |
|8/21/2017||Paul T Powell||Insider||Buy||700||$71.57||$50,099.00||44,996|| |
|5/9/2017||Paul T Powell||Insider||Buy||700||$73.04||$51,128.00||44,296|| |
|5/8/2017||Stephen R Rusmisel||Director||Buy||300||$74.35||$22,305.00||5,012|| |
|3/14/2017||Mark G Barberio||Director||Buy||1,000||$82.97||$82,970.00||815|| |
|2/22/2017||Kenneth F. Myszka||President||Sell||5,000||$86.42||$432,100.00|| |
|11/28/2016||Arthur L Havener Jr||Director||Buy||85||$81.64||$6,939.40||5,724|| |
|11/18/2016||Arthur L Havener Jr||Director||Buy||2,724||$79.55||$216,694.20||5,639|| |
|11/11/2016||Stephen R Rusmisel||Director||Buy||500||$81.51||$40,755.00||4,712|| |
|9/13/2016||Kenneth F. Myszka||President||Sell||3,000||$90.11||$270,330.00|| |
|8/30/2016||Charles E Lannon||Director||Sell||1,000||$89.50||$89,500.00||114,054|| |
|8/26/2016||Arthur L Havener Jr||Director||Buy||352||$87.07||$30,648.64||2,915|| |
|8/25/2016||Stephen R Rusmisel||Director||Buy||200||$88.32||$17,664.00||4,212|| |
|8/24/2016||Arthur L Havener Jr||Director||Buy||600||$88.55||$53,130.00||2,563|| |
|8/19/2016||Arthur L Havener Jr||Director||Buy||370||$88.97||$32,918.90||1,963|| |
|8/16/2016||Arthur L Havener Jr||Director||Buy||500||$91.19||$45,595.00||1,593|| |
|8/10/2016||Kenneth F. Myszka||President||Sell||5,000||$92.26||$461,300.00|| |
|8/8/2016||Stephen R Rusmisel||Director||Buy||500||$92.93||$46,465.00||4,012|| |
|12/11/2015||Kenneth F Myszka||President||Sell||1,384||$100.04||$138,455.36||206,092|| |
|11/25/2015||Robert J Attea||Chairman||Sell||3,038||$100.27||$304,620.26||207,135|| |
|11/24/2015||Robert J Attea||Chairman||Sell||9,962||$100.08||$996,996.96||210,173|| |
|11/2/2015||Kenneth F Myszka||President||Sell||5,000||$101.65||$508,250.00||207,476|| |
|9/18/2015||David L Rogers||CEO||Sell||2,901||$92.82||$269,270.82||144,676|| |
|9/18/2015||Kenneth F Myszka||President||Sell||3,000||$92.34||$277,020.00||212,476|| |
|8/20/2015||Edward F Killeen||COO||Sell||2,291||$98.78||$226,304.98||30,341|| |
|8/13/2015||Paul T Powell||CIO||Sell||2,000||$97.12||$194,240.00|| |
|6/16/2015||Kenneth F Myszka||President||Sell||3,000||$88.50||$265,500.00|| |
|3/12/2015||Anthony P Gammie||Director||Sell||6,000||$90.05||$540,300.00|| |
|3/5/2015||Edward F Killeen||COO||Sell||2,000||$91.17||$182,340.00|| |
|3/5/2015||Mark G Barberio||Director||Buy||1,000||$91.16||$91,160.00|| |
|3/5/2015||Robert J Attea||Chairman||Sell||10,000||$91.21||$912,100.00|| |
|3/4/2015||Kenneth F Myszka||President||Sell||5,000||$91.08||$455,400.00|| |
|12/12/2014||Charles E Lannon||Director||Sell||2,000||$86.67||$173,340.00|| |
|12/12/2014||David L Rogers||CEO||Sell||6,000||$85.89||$515,340.00|| |
|12/12/2014||Kenneth F Myszka||COO||Sell||3,000||$86.15||$258,450.00|| |
|12/9/2014||Andrew J Gregoire||CFO||Sell||1,500||$86.23||$129,345.00|| |
|11/17/2014||Edward F Killeen||EVP||Sell||1,167||$84.01||$98,039.67|| |
|9/4/2014||Andrew J Gregoire||CFO||Sell||1,000||$79.00||$79,000.00|| |
|8/15/2014||Paul T Powell||EVP||Sell||1,202||$78.64||$94,525.28|| |
|8/7/2014||Kenneth F Myszka||COO||Sell||7,612||$77.00||$586,124.00|| |
|8/5/2014||Edward F Killeen||EVP||Sell||2,000||$77.55||$155,100.00|| |
|5/28/2014||Kenneth F Myszka||COO||Sell||5,000||$76.91||$384,550.00|| |
|2/28/2014||Kenneth Myszka||COO||Sell||4,500||$72.75||$327,375.00||216,735|| |
|9/20/2013||Paul Powell||EVP||Sell||1,000||$75.95||$75,950.00||21,834|| |
|9/13/2013||David Rogers||CEO||Sell||3,000||$70.21||$210,630.00||128,538|| |
|8/20/2013||Anthony Gammie||Director||Sell||7,835||$67.63||$529,881.05||5,600|| |
|8/8/2013||Charles Lannon||Director||Sell||1,000||$71.75||$71,750.00||114,818|| |
|8/5/2013||Kenneth Myszka||COO||Sell||20,000||$69.94||$1,398,800.00||198,295|| |
|8/9/2012||Paul T Powell||EVP||Sell||2,000||$57.15||$114,300.00|| |
Life Storage (NYSE LSI) News Headlines
Life Storage (NYSE:LSI) SEC Filings
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Life Storage (NYSE:LSI) Income Statement, Balance Sheet and Cash Flow Statement
Life Storage (NYSE LSI) Stock Chart for Saturday, March, 24, 2018