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NYSE:LSI

Life Storage - LSI Stock Forecast, Price & News

$104.71
-1.29 (-1.22%)
(As of 01/30/2023 12:13 PM ET)
Add
Compare
Today's Range
$104.62
$106.29
50-Day Range
$95.23
$107.49
52-Week Range
$94.02
$151.76
Volume
85,188 shs
Average Volume
649,899 shs
Market Capitalization
$8.90 billion
P/E Ratio
25.98
Dividend Yield
4.53%
Price Target
$128.00

Life Storage MarketRank™ Forecast

Analyst Rating
Hold
2.22 Rating Score
Upside/​Downside
20.8% Upside
$128.00 Price Target
Short Interest
Healthy
1.88% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
0.54mentions of Life Storage in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$611,345 Sold Last Quarter
Proj. Earnings Growth
7.57%
From $6.47 to $6.96 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.58 out of 5 stars

Finance Sector

257th out of 891 stocks

Real Estate Investment Trusts Industry

50th out of 191 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

Life Storage (NYSE:LSI) Stock Rating Upgraded by StockNews.com
Profit From the Commercial Solar Boom?
Solar energy had its best year ever in 2021, with a record 24 gigawatts of power installed. That's enough to power 18 million homes! Analysts expect the global solar farm market to reach $356 billion by 2028. The utility segment of the solar market is expected to grow at the highest annual growth rate in the industry, especially with the many tax incentives now offered.
Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
Former Kmart in Allentown gets new life
Buying CubeSmart For Income, Growth And Outperformance
Life Storage Inc. Bottom Line Rises In Q3, Beats estimates
Life Storage, Inc. Reports Third Quarter 2022 Results
Life Storage (LSI) Q3 FFO and Revenues Surpass Estimates
RSI Alert: Life Storage Now Oversold
Life Storage: Recession Resistant With Upside Potential
Life Storage Is A Great Bargain Around Its 52-Week Lows
Life Storage, Inc. Provides Update on Hurricane Ian
See More Headlines
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LSI Company Calendar

Last Earnings
8/03/2022
Ex-Dividend for 1/26 Dividend
1/12/2023
Dividend Payable
1/26/2023
Today
1/30/2023
Next Earnings (Estimated)
2/23/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Specialized REITs
Sector
Finance
CUSIP
84610H10
Employees
2,241
Year Founded
2011

Price Target and Rating

Average Stock Price Forecast
$128.00
High Stock Price Forecast
$154.00
Low Stock Price Forecast
$97.00
Forecasted Upside/Downside
+22.2%
Consensus Rating
Hold
Rating Score (0-4)
2.22
Research Coverage
9 Analysts

Profitability

Net Income
$249.32 million
Pretax Margin
34.32%

Debt

Sales & Book Value

Annual Sales
$788.57 million
Cash Flow
$4.86 per share
Book Value
$41.20 per share

Miscellaneous

Free Float
84,573,000
Market Cap
$8.90 billion
Optionable
Optionable
Beta
0.61

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













LSI Stock - Frequently Asked Questions

Should I buy or sell Life Storage stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. 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.
View LSI analyst ratings
or view top-rated stocks.

What is Life Storage's stock price forecast for 2023?

9 Wall Street analysts have issued twelve-month price objectives for Life Storage's stock. Their LSI share price forecasts range from $97.00 to $154.00. On average, they predict the company's share price to reach $128.00 in the next twelve months. This suggests a possible upside of 20.8% from the stock's current price.
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 on January 1st, 2023. Since then, LSI stock has increased by 7.6% and is now trading at $106.00.
View the best growth stocks for 2023 here
.

Are investors shorting Life Storage?

Life Storage saw a drop in short interest in the month of December. As of December 15th, there was short interest totaling 1,590,000 shares, a drop of 21.7% from the November 30th total of 2,030,000 shares. Based on an average trading volume of 657,300 shares, the short-interest ratio is currently 2.4 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 Thursday, February 23rd 2023.
View our LSI earnings forecast
.

How were Life Storage's earnings last quarter?

Life Storage, Inc. (NYSE:LSI) announced its earnings results on Wednesday, August, 3rd. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.53 by $0.44. Life Storage had a net margin of 34.54% and a trailing twelve-month return on equity of 9.73%. During the same period in the previous year, the business earned $1.20 EPS.

How often does Life Storage pay dividends? What is the dividend yield for Life Storage?

Life Storage announced a quarterly dividend on Tuesday, January 3rd. Stockholders of record on Friday, January 13th will be given a dividend of $1.20 per share on Thursday, January 26th. This represents a $4.80 dividend on an annualized basis and a yield of 4.53%. The ex-dividend date is Thursday, January 12th. This is a positive change from the stock's previous quarterly dividend of $1.08.
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 4.53%. LSI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 119.11%. 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 68.97% 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 Thursday, January 28th 2021. The 3-2 split was announced on Monday, January 4th 2021. The newly minted 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.

What guidance has Life Storage issued on next quarter's earnings?

Life Storage issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share guidance of $1.60-$1.64 for the period, compared to the consensus earnings per share estimate of $1.61. The company issued revenue guidance of -.

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 a number of retail and institutional investors. Top institutional investors include Presima Securities ULC (0.32%), Allspring Global Investments Holdings LLC (0.20%), Strs Ohio (0.14%), New York State Teachers Retirement System (0.14%), Wedge Capital Management L L P NC (0.10%) and Manning & Napier Group LLC (0.08%). 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, Edward J Pettinella, Joseph Saffire, Mark G Barberio 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 $106.00.

How much money does Life Storage make?

Life Storage (NYSE:LSI) has a market capitalization of $9.01 billion and generates $788.57 million in revenue each year. The real estate investment trust earns $249.32 million in net income (profit) each year or $4.03 on an earnings per share basis.

How many employees does Life Storage have?

The company employs 2,241 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 (800) 800-3456 or via fax at 800-800-3456.

This page (NYSE:LSI) was last updated on 1/30/2023 by MarketBeat.com Staff