NYSE:LSILife Storage Stock Price, Forecast & News

Life Storage's stock was trading at $106.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, LSI shares have decreased by 7.5% and is now trading at $98.40. View which stocks have been most impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Life Storage.

Life Storage is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Life Storage.

Life Storage Inc (NYSE:LSI) released its quarterly earnings results on Thursday, May, 7th. The real estate investment trust reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.40 by $0.62. The real estate investment trust had revenue of $146.94 million for the quarter, compared to analysts' expectations of $145.73 million. Life Storage had a return on equity of 12.33% and a net margin of 44.55%. The business's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.31 EPS. View Life Storage's earnings history.

Life Storage declared a quarterly dividend on Thursday, April 2nd. Shareholders of record on Tuesday, April 14th will be paid a dividend of $1.07 per share on Monday, April 27th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date of this dividend is Monday, April 13th. View Life Storage's dividend history.

9 analysts have issued twelve-month price objectives for Life Storage's stock. Their forecasts range from $96.00 to $122.00. On average, they expect Life Storage's share price to reach $110.22 in the next year. This suggests a possible upside of 12.0% from the stock's current price. View analysts' price targets for Life Storage.

News stories about LSI stock have trended very negative this week, according to InfoTrie Sentiment. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Life Storage earned a news impact score of -3.3 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news about Life Storage.

Some companies that are related to Life Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), HCP (HCP), Ventas (VTR), Extra Space Storage (EXR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Healthcare Realty Trust (HR), Rayonier (RYN), Sabra Health Care REIT (SBRA) and National Health Investors (NHI). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Life Storage investors own include Intel (INTC), Starbucks (SBUX), Home Depot (HD), Verizon Communications (VZ), Walt Disney (DIS), QUALCOMM (QCOM), AT&T (T), CROWN CASTLE IN/SH SH (CCI), Cisco Systems (CSCO) and PepsiCo (PEP).

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

Life Storage's stock is owned by many different retail and institutional investors. Top institutional investors include Reinhart Partners Inc. (0.29%). Company insiders that own Life Storage stock include Andrew J Gregoire, Arthur L Havener Jr, Charles E Lannon, David L Rogers, Edward F Killeen, Edward J Pettinella, Kenneth F Myszka and Mark G Barberio. View institutional ownership trends for Life Storage.

LSI stock was purchased by a variety of institutional investors in the last quarter, including Reinhart Partners Inc.. Company insiders that have bought Life Storage stock in the last two years include Edward J Pettinella, and Mark G Barberio. View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of LSI stock can currently be purchased for approximately $98.40.

Life Storage has a market capitalization of $4.62 billion and generates $574.74 million in revenue each year. The real estate investment trust earns $258.70 million in net income (profit) each year or $5.62 on an earnings per share basis. Life Storage employs 1,943 workers across the globe.

The official website for Life Storage is www.lifestorage.com.

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.