Life Storage - LSI Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 8 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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.
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10 analysts have issued twelve-month price targets for Life Storage's shares. Their LSI share price forecasts range from $97.00 to $154.00. On average, they expect the company's share price to reach $127.60 in the next year. This suggests a possible upside of 2.5% from the stock's current price.
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Life Storage's stock was trading at $98.50 at the start of the year. Since then, LSI stock has increased by 26.4% and is now trading at $124.46.
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Life Storage saw a decrease in short interest during the month of February. As of February 28th, there was short interest totaling 1,470,000 shares, a decrease of 5.8% from the February 13th total of 1,560,000 shares. Based on an average daily volume of 956,000 shares, the days-to-cover ratio is currently 1.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Life Storage, Inc. (NYSE:LSI) posted 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 trailing twelve-month return on equity of 10.06% and a net margin of 34.50%. During the same period in the prior year, the company earned $1.20 earnings per share.

Life Storage declared a quarterly dividend on Tuesday, January 3rd. Investors of record on Friday, January 13th will be paid a dividend of $1.20 per share on Thursday, January 26th. This represents a $4.80 annualized dividend and a yield of 3.86%. The ex-dividend date is Thursday, January 12th. This is an increase from the stock's previous quarterly dividend of $1.08.
Read our dividend analysis for LSI.

ETFs with the largest weight of Life Storage (NYSE:LSI) stock in their portfolio include Janus Henderson U.S. Real Estate ETF (JRE), Nuveen Short-Term REIT ETF (NURE), Pacer Industrial Real Estate ETF (INDS), Invesco Real Assets ESG ETF (IVRA), ALPS Active REIT ETF (REIT), iShares Residential and Multisector Real Estate ETF (REZ), Inspire Faithward Mid Cap Momentum ETF (GLRY) and JPMorgan Realty Income ETF (JPRE).

Life Storage (NYSE:LSI) pays an annual dividend of $4.80 per share and currently has a dividend yield of 3.83%. 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 113.48%. 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 64.78% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LSI.

Shares of Life Storage split on the morning of Thursday, January 28th 2021. The 3-2 split was announced on Monday, January 4th 2021. The newly issued shares were payable 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.

Life Storage updated its first quarter 2023 earnings guidance on Thursday, February, 23rd. The company provided earnings per share guidance of $1.55-$1.59 for the period, compared to the consensus estimate of $1.60. The company issued revenue guidance of -.

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.

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).

Life Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "LSI."

Life Storage's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Norges Bank (3.53%), Centersquare Investment Management LLC (2.18%), Geode Capital Management LLC (1.68%), Cbre Investment Management Listed Real Assets LLC (1.54%), Dimensional Fund Advisors LP (1.36%) and Macquarie Group Ltd. (1.22%). 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, Joseph Saffire and Stephen R Rusmisel.
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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.
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One share of LSI stock can currently be purchased for approximately $124.46.

Life Storage (NYSE:LSI) has a market capitalization of $10.59 billion and generates $1.04 billion in revenue each year. The real estate investment trust earns $358.13 million in net income (profit) each year or $4.23 on an earnings per share basis.

The company employs 2,508 workers across the globe.

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 (716) 633-1850 or via fax at 800-800-3456.