Life Storage (LSI) Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 6 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
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8 equities research analysts have issued 1 year 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 $128.63 in the next twelve months. This suggests that the stock has a possible downside of 3.4%.
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Life Storage, Inc. (NYSE:LSI) issued its 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 trailing twelve-month return on equity of 10.43% and a net margin of 33.96%. During the same quarter in the prior year, the business earned $1.20 earnings per share.

Life Storage declared a quarterly dividend on Monday, July 3rd. Investors of record on Thursday, July 13th will be paid a dividend of $0.90 per share on Wednesday, July 19th. This represents a $3.60 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, July 12th.
Read our dividend analysis for LSI.

ETFs with the largest weight of Life Storage (NYSE:LSI) stock in their portfolio include Pacer Industrial Real Estate ETF (INDS), AltShares Merger Arbitrage ETF (ARB), Thrivent Small-Mid Cap ESG ETF (TSME), Vanguard Real Estate ETF (VNQ), IQ Candriam ESG U.S. Mid Cap Equity ETF (IQSM), Vanguard S&P Mid-Cap 400 Growth ETF (IVOG), Vanguard S&P Mid-Cap 400 ETF (IVOO) and Vanguard Small-Cap Value ETF (VBR).

Life Storage (NYSE:LSI) pays an annual dividend of $3.60 per share and currently has a dividend yield of 2.61%. The dividend payout ratio is 83.53%. 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 48.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LSI.

Life Storage's stock 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 payable 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.

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.

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).

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

Life Storage's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (11.36%), State Street Corp (5.50%), JPMorgan Chase & Co. (2.00%), Geode Capital Management LLC (1.78%), Dimensional Fund Advisors LP (1.42%) and Alpine Associates Management Inc. (1.22%). 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.
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One share of LSI stock can currently be purchased for approximately $133.10.

Life Storage (NYSE:LSI) has a market capitalization of $11.33 billion and generates $1.03 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.

The company employs 2,508 workers across the globe.

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.