NYSE:LSILife Storage Stock Price, Forecast & News

Life Storage's stock was trading at $106.38 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, LSI shares have decreased by 4.2% and is now trading at $101.96. 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 earnings results on Thursday, May, 7th. The real estate investment trust reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $1.40 by $0.62. The real estate investment trust earned $146.94 million during the quarter, compared to the consensus estimate of $145.73 million. Life Storage had a return on equity of 12.33% and a net margin of 44.55%. Life Storage's quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.31 earnings per share. View Life Storage's earnings history.

Life Storage declared a quarterly dividend on Thursday, April 2nd. Stockholders 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 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend is Monday, April 13th. View Life Storage's dividend history.

9 Wall Street analysts have issued 12 month price targets for Life Storage's shares. Their forecasts range from $85.00 to $122.00. On average, they expect Life Storage's stock price to reach $107.00 in the next twelve months. This suggests a possible upside of 4.9% from the stock's current price. View analysts' price targets for Life Storage.

Press coverage about LSI stock has been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. InfoTrie rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Life Storage earned a coverage optimism score of -1.4 on InfoTrie's scale. They also gave news coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutLife Storage.

Life Storage saw a increase in short interest in May. As of May 15th, there was short interest totaling 968,700 shares, an increase of 13.6% from the April 30th total of 853,100 shares. Based on an average trading volume of 479,400 shares, the days-to-cover ratio is currently 2.0 days. Approximately 2.1% of the shares of the company are sold short. View Life Storage's Current Options Chain.

Some companies that are related to Life Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Extra Space Storage (EXR), HCP (HCP), 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 EPR Properties (EPR). 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 BlackRock Inc. (12.01%), Wellington Management Group LLP (5.27%), State Street Corp (4.97%), Massachusetts Financial Services Co. MA (3.66%), Deutsche Bank AG (2.96%) and Invesco Ltd. (2.16%). 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 sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Echo Street Capital Management LLC, WINTON GROUP Ltd, Wellington Management Group LLP, Morgan Stanley, Morgan Stanley, Fisher Asset Management LLC, and UBS Group AG. Company insiders that have sold Life Storage company stock in the last year include Andrew J Gregoire, Charles E Lannon, David L Rogers, and Edward F Killeen. View insider buying and selling activity for Life Storage.

LSI stock was acquired by a variety of institutional investors in the last quarter, including Aew Capital Management L P, Cbre Clarion Securities LLC, Nuveen Asset Management LLC, Bessemer Group Inc., William Blair Investment Management LLC, Russell Investments Group Ltd., Los Angeles Capital Management & Equity Research Inc., and HNP Capital LLC. 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 $101.96.

Life Storage has a market capitalization of $4.78 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.