NYSE:LSILife Storage Stock Price, Forecast & News

Life Storage's stock was trading at $106.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LSI shares have decreased by 10.3% and is now trading at $95.45. 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 Thursday, August 6th 2020. View our earnings forecast for Life Storage.

Life Storage will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Life Storage Inc (NYSE:LSI) issued its quarterly earnings results on Thursday, May, 7th. The real estate investment trust reported $0.78 EPS for the quarter, missing the consensus estimate of $1.40 by $0.62. The real estate investment trust had revenue of $146.94 million for the quarter, compared to analysts' expectations of $145.73 million. Life Storage had a net margin of 44.55% and a return on equity of 12.33%. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.31 EPS. View Life Storage's earnings history.

Life Storage declared a quarterly dividend on Thursday, July 2nd. Stockholders of record on Tuesday, July 14th will be given a dividend of $1.07 per share on Monday, July 27th. This represents a $4.28 annualized dividend and a dividend yield of 4.48%. The ex-dividend date of this dividend is Monday, July 13th. View Life Storage's dividend history.

9 brokers have issued 1 year target prices for Life Storage's shares. Their forecasts range from $96.00 to $122.00. On average, they expect Life Storage's share price to reach $110.22 in the next year. This suggests a possible upside of 15.5% from the stock's current price. View analysts' price targets for Life Storage.

Media headlines about LSI stock have trended extremely negative this week, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Life Storage earned a media sentiment score of -4.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an effect on the company's share price in the next several days. View the latest news about Life Storage.

Life Storage saw a decrease in short interest during the month of June. As of June 30th, there was short interest totaling 956,800 shares, a decrease of 16.8% from the June 15th total of 1,150,000 shares. Based on an average daily volume of 410,200 shares, the days-to-cover ratio is currently 2.3 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), HCP (HCP), Extra Space Storage (EXR), 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 Potlatchdeltic (PCH). 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 a variety of retail and institutional investors. Top institutional investors include Reinhart Partners Inc. (0.29%), Courier Capital LLC (0.11%), State of Alaska Department of Revenue (0.05%), Envestnet Asset Management Inc. (0.05%), Manning & Napier Group LLC (0.04%) and Louisiana State Employees Retirement System (0.02%). 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 Courier Capital LLC, Spirit of America Management Corp NY, and Carroll Financial Associates Inc.. 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 bought by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., Canandaigua National Corp, Manning & Napier Group LLC, Envestnet Asset Management Inc., Louisiana State Employees Retirement System, and State of Alaska Department of Revenue. 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 $95.45.

Life Storage has a market capitalization of $4.48 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.