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NYSE:LSI

Life Storage - LSI Stock Forecast, Price & News

$137.11
-0.89 (-0.64%)
(As of 08/18/2022 03:10 PM ET)
Add
Compare
Today's Range
$136.97
$138.95
50-Day Range
$102.42
$138.00
52-Week Range
$100.66
$154.45
Volume
8,156 shs
Average Volume
502,886 shs
Market Capitalization
$11.57 billion
P/E Ratio
36.47
Dividend Yield
3.17%
Price Target
$144.09

Life Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
4.9% Upside
$144.09 Price Target
Short Interest
Healthy
2.17% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.16
Upright™ Environmental Score
News Sentiment
0.17mentions of Life Storage in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$661,874 Sold Last Quarter
Proj. Earnings Growth
6.32%
From $6.33 to $6.73 Per Share

Overall MarketRank

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

2.36 out of 5 stars

Finance Sector

446th out of 932 stocks

Real Estate Investment Trusts Industry

85th out of 197 stocks

LSI stock logo

About Life Storage (NYSE:LSI) Stock

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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LSI. KeyCorp lowered their price objective on shares of Life Storage from $160.00 to $144.00 and set an "overweight" rating for the company in a research report on Thursday, June 16th. Truist Financial raised their target price on shares of Life Storage from $132.00 to $138.00 and gave the company a "hold" rating in a research note on Monday. Jefferies Financial Group reduced their target price on shares of Life Storage from $166.00 to $127.00 and set a "buy" rating on the stock in a research note on Thursday, June 30th. Bank of America lowered shares of Life Storage from a "buy" rating to a "neutral" rating and reduced their target price for the company from $141.00 to $133.00 in a research note on Tuesday, June 21st. Finally, BMO Capital Markets lowered shares of Life Storage from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $150.00 to $130.00 in a research note on Thursday, May 19th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.09.

Life Storage Trading Up 1.4 %

Life Storage stock traded up $1.89 during midday trading on Wednesday, hitting $138.00. 355,135 shares of the stock were exchanged, compared to its average volume of 553,964. The company has a fifty day simple moving average of $117.37 and a two-hundred day simple moving average of $125.98. Life Storage has a 52 week low of $100.66 and a 52 week high of $154.45. The stock has a market capitalization of $11.65 billion, a PE ratio of 36.70, a P/E/G ratio of 5.97 and a beta of 0.60. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.88.

Life Storage (NYSE:LSI - Get Rating) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.53 by ($0.44). Life Storage had a return on equity of 9.20% and a net margin of 33.90%. During the same quarter in the prior year, the business posted $1.20 EPS. Equities research analysts anticipate that Life Storage will post 6.32 EPS for the current fiscal year.

Life Storage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Friday, July 15th were paid a $1.08 dividend. The ex-dividend date was Thursday, July 14th. This represents a $4.32 dividend on an annualized basis and a yield of 3.13%. This is a positive change from Life Storage's previous quarterly dividend of $1.00. Life Storage's payout ratio is presently 114.89%.

Insider Buying and Selling at Life Storage

In other Life Storage news, CEO Joseph Saffire sold 5,044 shares of Life Storage stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $131.22, for a total value of $661,873.68. Following the transaction, the chief executive officer now owns 61,305 shares of the company's stock, valued at $8,044,442.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.50% of the company's stock.

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LSI Stock News Headlines

Life Storage Inc (NYSE: LSI)
Should You Invest in Life Storage Right Now?
Life Storage (NYSE:LSI) PT Raised to $138.00 at Truist Financial
What 7 Analyst Ratings Have To Say About Life Storage
CEO Of Life Storage Sold $661K In Stock
Life Storage: Dividend Raises In Store
Life Storage (LSI) Beats Q2 FFO and Revenue Estimates
Life Storage, Inc. Reports Second Quarter 2022 Results
Should You Buy Life Storage (LSI) Ahead of Earnings?
New Office: PCI, Life Storage, Aither Health
3 Dividend Stocks to Buy for a Bear Market
J.P. Morgan Remains a Hold on Life Storage (LSI)
7 Undervalued REITs to Buy Before They Go Sky-High
Life Storage Enters Oversold Territory
See More Headlines
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LSI Company Calendar

Ex-Dividend for 7/26 Dividend
7/14/2022
Dividend Payable
7/26/2022
Last Earnings
8/03/2022
Today
8/18/2022
Next Earnings (Estimated)
11/01/2022
Fiscal Year End
12/31/2022

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
$144.09
High Stock Price Forecast
$186.00
Low Stock Price Forecast
$127.00
Forecasted Upside/Downside
+5.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$249.32 million
Pretax Margin
33.65%

Debt

Sales & Book Value

Annual Sales
$788.57 million
Cash Flow
$4.96 per share
Book Value
$41.72 per share

Miscellaneous

Free Float
83,963,000
Market Cap
$11.57 billion
Optionable
Optionable
Beta
0.60














LSI Stock - Frequently Asked Questions

Should I buy or sell Life Storage stock right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LSI shares.
View LSI analyst ratings
or view top-rated stocks.

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

11 analysts have issued 12 month target prices for Life Storage's shares. Their LSI share price forecasts range from $127.00 to $186.00. On average, they anticipate the company's share price to reach $144.09 in the next year. This suggests a possible upside of 4.4% 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 2022?

Life Storage's stock was trading at $153.18 at the start of the year. Since then, LSI stock has decreased by 9.9% and is now trading at $138.00.
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 July. As of July 31st, there was short interest totaling 1,830,000 shares, an increase of 15.1% from the July 15th total of 1,590,000 shares. Based on an average daily volume of 618,200 shares, the short-interest ratio is presently 3.0 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 Tuesday, November 1st 2022.
View our LSI earnings forecast
.

How were Life Storage's earnings last quarter?

Life Storage, Inc. (NYSE:LSI) issued its earnings results on Wednesday, August, 3rd. The real estate investment trust reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.53 by $0.44. Life Storage had a net margin of 33.90% and a trailing twelve-month return on equity of 9.20%. During the same quarter in the previous year, the company earned $1.20 earnings per share.

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

Life Storage declared a quarterly dividend on Wednesday, July 6th. Shareholders of record on Friday, July 15th will be paid a dividend of $1.08 per share on Tuesday, July 26th. This represents a $4.32 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, July 14th. This is a positive change from the stock's previous quarterly dividend of $1.00.
Read our dividend analysis for LSI
.

Is Life Storage a good dividend stock?

Life Storage (NYSE:LSI) pays an annual dividend of $4.32 per share and currently has a dividend yield of 3.17%. The company 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 is 114.89%. 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 64.19% 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 issued shares were distributed 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 third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $1.62-$1.66 for the period. 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 institutional and retail investors. Top institutional shareholders include State Street Corp (5.42%), Massachusetts Financial Services Co. MA (2.32%), Deutsche Bank AG (1.70%), Macquarie Group Ltd. (1.36%), Northern Trust Corp (1.21%) and Prudential Financial Inc. (1.01%). 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 $138.00.

How much money does Life Storage make?

Life Storage (NYSE:LSI) has a market capitalization of $11.65 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 $3.76 on an earnings per share basis.

How many employees does Life Storage have?

The company 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 the company 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 8/18/2022 by MarketBeat.com Staff

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