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NYSE:LSI

Life Storage Stock Forecast, Price & News

$112.64
-0.16 (-0.14%)
(As of 06/27/2022 12:00 AM ET)
Add
Compare
Today's Range
$111.66
$114.25
50-Day Range
$102.42
$150.41
52-Week Range
$100.66
$154.45
Volume
451,656 shs
Average Volume
566,767 shs
Market Capitalization
$9.50 billion
P/E Ratio
33.03
Dividend Yield
3.55%
Price Target
$143.20
30 days | 90 days | 365 days | Advanced Chart

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LSI Stock Forecast (MarketRank)

Overall MarketRank

2.82 out of 5 stars

Finance Sector

289th out of 1,394 stocks

Real Estate Investment Trusts Industry

43rd out of 235 stocks

Analyst Opinion: 4.3Community Rank: 4.4Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
Life Storage logo

About Life Storage (NYSE:LSI)

Life Storage, Inc. is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 900 storage facilities in 30 states and in the province of Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to approximately 500,000 customers, making it a leader in the industry.

LSI Stock News Headlines

See More Headlines

Industry, Sector and Symbol

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

Company Calendar

Ex-Dividend for 4/26 Dividend
4/13/2022
Dividend Payable
4/26/2022
Last Earnings
5/04/2022
Today
6/27/2022
Next Earnings (Estimated)
8/02/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$143.20
High Stock Price Forecast
$186.00
Low Stock Price Forecast
$125.00
Forecasted Upside/Downside
+27.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.6
Research Coverage
10 Analysts

Profitability

Net Income
$249.32 million
Pretax Margin
32.16%

Debt

Sales & Book Value

Annual Sales
$788.57 million
Cash Flow
$4.92 per share
Book Value
$41.20 per share

Miscellaneous

Free Float
83,943,000
Market Cap
$9.50 billion
Optionable
Optionable
Beta
0.55














Life Storage Frequently Asked Questions

Should I buy or sell Life Storage stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Life Storage stock.
View analyst ratings for Life Storage
or view top-rated stocks.

What is Life Storage's stock price forecast for 2022?

10 analysts have issued 12 month target prices for Life Storage's stock. Their LSI stock forecasts range from $125.00 to $186.00. On average, they expect Life Storage's share price to reach $143.20 in the next twelve months. This suggests a possible upside of 27.1% from the stock's current price.
View analysts' price targets for Life Storage
or view top-rated stocks among Wall Street analysts.

How has Life Storage's stock price performed in 2022?

Life Storage's stock was trading at $153.18 at the beginning of the year. Since then, LSI shares have decreased by 26.5% and is now trading at $112.64.
View the best growth stocks for 2022 here
.

Are investors shorting Life Storage?

Life Storage saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,400,000 shares, an increase of 29.6% from the April 30th total of 1,080,000 shares. Based on an average daily volume of 553,200 shares, the days-to-cover ratio is currently 2.5 days.
View Life Storage's Short Interest
.

When is Life Storage's next earnings date?

Life Storage is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
View our earnings forecast for Life Storage
.

How were Life Storage's earnings last quarter?

Life Storage, Inc. (NYSE:LSI) announced its earnings results on Wednesday, May, 4th. The real estate investment trust reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by $0.01. The real estate investment trust earned $233.49 million during the quarter, compared to analyst estimates of $230.01 million. Life Storage had a net margin of 32.60% and a trailing twelve-month return on equity of 8.71%. The company's quarterly revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share.
View Life Storage's earnings history
.

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

Life Storage declared a quarterly dividend on Monday, April 4th. Investors of record on Thursday, April 14th will be paid a dividend of $1.00 per share on Tuesday, April 26th. This represents a $4.00 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, April 13th.
View Life Storage's dividend history
.

Is Life Storage a good dividend stock?

Life Storage(NYSE:LSI) pays an annual dividend of $4.00 per share and currently has a dividend yield of 3.55%. Life Storage has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Life Storage is 117.30%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Life Storage will have a dividend payout ratio of 59.97% next year. This indicates that Life Storage will be able to sustain or increase its dividend.
View Life Storage's dividend history.

When did Life Storage's stock split? How did Life Storage's stock split work?

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 payable to shareholders after the closing bell on Wednesday, January 27th 2021. An investor that had 100 shares of Life Storage 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 second quarter 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share guidance of $1.50-$1.54 for the period. The company issued revenue guidance of -.

Who are Life Storage's key executives?

Life Storage's management team includes the following people:
  • Mr. Joseph V. Saffire, CEO & Director (Age 52, Pay $1.77M) (LinkedIn Profile)
  • Mr. Andrew J. Gregoire CPA, CFO & Sec. (Age 54, Pay $1.17M)
  • Mr. David Dodman, Chief Operating Officer (Age 48)
  • Ms. Kate White, Sr. VP of HR & Corp. Communications (Age 45)
  • John Rogers, VP of Bus. Devel.
  • Christopher Laczi, VP of Marketing
  • Ms. Jennifer Kozub, Director of HR
  • Mr. Michael Rogers, Sr. VP of Real Estate
  • Mr. Randy Hillman, Regional VP
  • Mr. David W. Paolini, VP of Revenue Management

What is Joseph Saffire's approval rating as Life Storage's CEO?

17 employees have rated Life Storage CEO Joseph Saffire on Glassdoor.com. Joseph Saffire has an approval rating of 67% among Life Storage'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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.73%), BlackRock Inc. (11.90%), State Street Corp (5.33%), Wellington Management Group LLP (4.56%), Invesco Ltd. (3.09%) and Centersquare Investment Management LLC (2.94%). Company insiders that own Life Storage stock include Andrew J Gregoire, Andrew J Gregoire, Arthur L Havener, Jr, Charles E Lannon, 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 for Life Storage
.

Which major investors are selling Life Storage stock?

LSI stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., American Century Companies Inc., Pacer Advisors Inc., Strs Ohio, Northern Trust Corp, JPMorgan Chase & Co., and Acadian Asset Management LLC. Company insiders that have sold Life Storage company stock in the last two years include Andrew J Gregoire, Arthur L Havener, Jr, David L Rogers, Edward F Killeen, Joseph Saffire, and Stephen R Rusmisel.
View insider buying and selling activity for Life Storage
or view top insider-selling stocks.

Which major investors are buying Life Storage stock?

LSI stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Centersquare Investment Management LLC, Goldman Sachs Group Inc., Vanguard Group Inc., Cbre Investment Management Listed Real Assets LLC, Invesco Ltd., SG Americas Securities LLC, and Lord Abbett & CO. LLC.
View insider buying and selling activity for Life Storage
or or view top insider-buying stocks.

How do I buy shares of 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 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 $112.64.

How much money does Life Storage make?

Life Storage (NYSE:LSI) has a market capitalization of $9.50 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 $3.41 on an earnings per share basis.

How many employees does Life Storage have?

Life Storage employs 2,241 workers across the globe.

When was Life Storage founded?

Life Storage was founded in 2011.

How can I contact Life Storage?

Life Storage's mailing address is 6467 Main Street, Williamsville NY, 14221. The official website for Life Storage is www.lifestorage.com. The real estate investment trust can be reached via phone at (855) 608-1334 or via fax at 800-800-3456.

This page (NYSE:LSI) was last updated on 6/27/2022 by MarketBeat.com Staff

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