Life Storage (LSI) Stock Forecast, Price & News

9 Wall Street 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 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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9 Wall Street analysts have issued 12 month price targets for Life Storage's stock. Their LSI share price forecasts range from $97.00 to $154.00. On average, they anticipate the company's stock price to reach $128.89 in the next twelve months. This suggests that the stock has a possible downside of 0.1%.
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Life Storage's stock was trading at $98.50 at the beginning of the year. Since then, LSI shares have increased by 31.0% and is now trading at $129.06.
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Life Storage saw a drop in short interest in the month of 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 daily volume of 1,420,000 shares, the short-interest ratio is presently 1.2 days.
View Life Storage's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our LSI earnings forecast.

Life Storage, Inc. (NYSE:LSI) announced its quarterly earnings results on Wednesday, August, 3rd. The real estate investment trust reported $1.09 earnings per share 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 period last year, the firm earned $1.20 earnings per share.

Life Storage declared a quarterly dividend on Monday, April 3rd. Shareholders 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 dividend yield of 3.72%. The ex-dividend date of this dividend is Thursday, April 13th.
Read our dividend analysis for LSI.

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).

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.

Life Storage's stock split before market open on Thursday, January 28th 2021. The 3-2 split was announced on Monday, January 4th 2021. The newly created shares were issued to shareholders after the market closes on Wednesday, January 27th 2021. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Life Storage updated its FY23 earnings guidance on Tuesday, May, 2nd. The company provided earnings per share (EPS) guidance of $6.75-$6.95 for the period, compared to the consensus EPS estimate of $6.93.

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 number of retail and institutional investors. Top institutional shareholders 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, David L Rogers, Edward F Killeen, Edward F Killeen, Joseph Saffire and Stephen R Rusmisel.
View institutional ownership trends.

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.
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One share of LSI stock can currently be purchased for approximately $129.06.

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.

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.