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S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
S&P 500   4,280.15
DOW   33,761.05
QQQ   330.39
Sinema took Wall Street money while killing tax on investors
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
Expanded IRS free-file system one step closer in Dems' bill
Climate bill: Could coal communities shift to nuclear?
Italy's Lake Garda shrinks to near-historic low amid drought
The Incredible Dividend Map... Where Stocks Yield 26% a Year! (Ad)pixel
Germans urged to cap heat in offices this winter to save gas
The 7 Types Of People Every Entrepreneur Needs In Their Inner Circle -- And How To Find Them
Former Deutsche Bank Co-CEO Anshu Jain dies
Shocking Transcript: Financial Chaos Now Brace yourself for what's coming next (Ad)
NYSE:LSI

Life Storage - LSI Stock Forecast, Price & News

$135.57
+2.62 (+1.97%)
(As of 08/12/2022 12:00 AM ET)
Add
Compare
Today's Range
$133.57
$135.65
50-Day Range
$102.42
$135.57
52-Week Range
$100.66
$154.45
Volume
313,219 shs
Average Volume
538,281 shs
Market Capitalization
$11.44 billion
P/E Ratio
36.06
Dividend Yield
3.25%
Price Target
$141.73

Life Storage MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
4.5% Upside
$141.73 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
-0.30mentions of Life Storage in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$661,874 Sold Last Quarter
Proj. Earnings Growth
2.93%
From $6.49 to $6.68 Per Share

Overall MarketRank

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

2.28 out of 5 stars

Finance Sector

511th out of 926 stocks

Real Estate Investment Trusts Industry

92nd out of 195 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.

Life Storage Stock Performance

NYSE:LSI traded up $2.62 during trading on Friday, reaching $135.57. The company's stock had a trading volume of 313,219 shares, compared to its average volume of 538,281. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $11.44 billion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 5.64 and a beta of 0.60. Life Storage has a 12 month low of $100.66 and a 12 month high of $154.45. The firm has a 50 day moving average price of $116.04 and a 200 day moving average price of $125.88.

Life Storage (NYSE:LSI - Get Rating) last posted its quarterly earnings data 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 33.90% and a return on equity of 9.20%. During the same quarter in the prior year, the company posted $1.20 earnings per share. As a group, equities analysts anticipate that Life Storage will post 6.49 EPS for the current fiscal year.

Life Storage Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Friday, July 15th were given a $1.08 dividend. The ex-dividend date of this dividend was Thursday, July 14th. This is a boost from Life Storage's previous quarterly dividend of $1.00. This represents a $4.32 annualized dividend and a dividend yield of 3.19%. Life Storage's payout ratio is presently 114.89%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Raymond James lowered their price objective on shares of Life Storage from $145.00 to $125.00 in a research note on Monday, May 23rd. KeyCorp reduced their target price on shares of Life Storage from $160.00 to $144.00 and set an "overweight" rating for the company in a report on Thursday, June 16th. Jefferies Financial Group reduced their target price on shares of Life Storage from $166.00 to $127.00 and set a "buy" rating for the company in a report on Thursday, June 30th. BMO Capital Markets downgraded shares of Life Storage from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $150.00 to $130.00 in a report on Thursday, May 19th. Finally, Truist Financial reduced their target price on shares of Life Storage from $138.00 to $132.00 and set a "hold" rating for the company in a report on Wednesday, June 1st. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.73.

Insider Buying and Selling

In other Life Storage news, CEO Joseph Saffire sold 5,044 shares of the company's 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 completion of the transaction, the chief executive officer now directly owns 61,305 shares in the company, valued at approximately $8,044,442.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.50% of the stock is owned by corporate insiders.

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LSI Stock News Headlines

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
Why Life Storage Stock Tumbled Nearly 12% in May
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
8/13/2022
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
$141.73
High Stock Price Forecast
$186.00
Low Stock Price Forecast
$125.00
Forecasted Upside/Downside
+4.5%
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
$5.02 per share
Book Value
$41.72 per share

Miscellaneous

Free Float
83,963,000
Market Cap
$11.44 billion
Optionable
Optionable
Beta
0.60














LSI Stock - Frequently Asked Questions

Should I buy or sell Life Storage stock right now?

11 Wall Street 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 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 brokers have issued 12-month price objectives for Life Storage's shares. Their LSI share price forecasts range from $125.00 to $186.00. On average, they predict the company's stock price to reach $141.73 in the next year. This suggests a possible upside of 4.5% 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 beginning of the year. Since then, LSI stock has decreased by 11.5% and is now trading at $135.57.
View the best growth stocks for 2022 here
.

Are investors shorting Life Storage?

Life Storage saw a increase in short interest in 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 trading volume, of 618,200 shares, the short-interest ratio is currently 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) released its quarterly earnings results on Wednesday, August, 3rd. The real estate investment trust reported $1.09 earnings per share 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 last year, the company posted $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. Investors of record on Friday, July 15th will be given a dividend of $1.08 per share on Tuesday, July 26th. This represents a $4.32 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend is Thursday, July 14th. This is an increase 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 3.25%. 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 64.67% 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 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 third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share (EPS) 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 retail and institutional investors. Top institutional shareholders include Massachusetts Financial Services Co. MA (2.32%), Deutsche Bank AG (1.70%), Northern Trust Corp (1.21%), Aew Capital Management L P (0.95%), JPMorgan Chase & Co. (0.81%) and Russell Investments Group Ltd. (0.61%). 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 $135.57.

How much money does Life Storage make?

Life Storage (NYSE:LSI) has a market capitalization of $11.44 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 8/14/2022 by MarketBeat.com Staff

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