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NVDA   385.10 (+2.76%)
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PYPL   64.24 (+0.31%)
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MSFT   325.26 (+0.58%)
META   264.58 (+0.37%)
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MSFT   325.26 (+0.58%)
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BABA   86.14 (+1.01%)
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NYSE:LSI

Life Storage (LSI) Stock Forecast, Price & News

$129.15
-2.85 (-2.16%)
(As of 06/8/2023 ET)
Compare
Today's Range
$128.42
$131.71
50-Day Range
$126.54
$145.42
52-Week Range
$94.02
$146.66
Volume
579,987 shs
Average Volume
1.10 million shs
Market Capitalization
$10.99 billion
P/E Ratio
29.97
Dividend Yield
3.72%
Price Target
$128.89

Life Storage MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
0.2% Downside
$128.89 Price Target
Short Interest
Healthy
1.60% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
0.09mentions of Life Storage in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$995,237 Sold Last Quarter
Proj. Earnings Growth
7.10%
From $6.90 to $7.39 Per Share

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 stars

Finance Sector

450th out of 858 stocks

Real Estate Investment Trusts Industry

90th out of 190 stocks


LSI stock logo

About Life Storage (NYSE:LSI) Stock

Life 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.

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LSI Stock News Headlines

What 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 rally
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 >>>
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 >>>
Life Storage (LSI) Q1 FFO Miss Estimates
Life Storage (LSI) Scheduled to Post Earnings on Tuesday
Life Storage (NYSE:LSI) Now Covered by StockNews.com
Life Storage (NYSE:LSI) Stock Rating Lowered by Wolfe Research
Life Storage: Attractive All-Stock Merger Arb Deal
SHAREHOLDER UPDATE: Halper Sadeh LLC Investigates LSI, HSKA, DHC
See More Headlines

LSI Price History

LSI Company Calendar

Last Earnings
8/03/2022
Ex-Dividend for 4/26 Dividend
4/13/2023
Dividend Payable
4/26/2023
Today
6/08/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
84610H10
Employees
2,508
Year Founded
2011

Price 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 Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$358.13 million
Pretax Margin
33.90%

Debt

Sales & Book Value

Annual Sales
$1.04 billion
Cash Flow
$6.67 per share
Book Value
$42.68 per share

Miscellaneous

Free Float
84,750,000
Market Cap
$10.98 billion
Optionable
Optionable
Beta
0.65

Key Executives

  • Joseph V. SaffireJoseph V. Saffire
    Chief Executive Officer & Director
  • David Dodman
    Chief Operating Officer
  • Alexander E. Gress
    Chief Financial Officer
  • Kate White
    SVP-Human Resources & Corporate Communications
  • Brent Maedl
    Head-Investor Relations













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
.

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

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