NYSE:LSI - Life Storage Stock Price, Forecast & News

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

Life Storage announced a quarterly dividend on Thursday, January 2nd. Shareholders of record on Tuesday, January 14th will be given a dividend of $1.07 per share on Monday, January 27th. This represents a $4.28 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date is Monday, January 13th. This is a boost from Life Storage's previous quarterly dividend of $1.00. View Life Storage's Dividend History.

Life Storage Inc (NYSE:LSI) announced its quarterly earnings data on Wednesday, October, 30th. The real estate investment trust reported $0.85 EPS for the quarter, missing analysts' consensus estimates of $1.45 by $0.60. The real estate investment trust earned $145.63 million during the quarter, compared to the consensus estimate of $146.77 million. Life Storage had a return on equity of 14.85% and a net margin of 54.38%. The business's quarterly revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.45 earnings per share. View Life Storage's Earnings History.

Life Storage is scheduled to release their next quarterly earnings announcement on Monday, February 24th 2020. View Earnings Estimates for Life Storage.

Life Storage updated its FY20 earnings guidance on Wednesday, October, 30th. The company provided earnings per share guidance of $5.93-6.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.78.

7 equities research analysts have issued 12-month price objectives for Life Storage's shares. Their forecasts range from $100.00 to $122.00. On average, they expect Life Storage's share price to reach $110.29 in the next year. This suggests that the stock has a possible downside of 3.2%. View Analyst Price Targets for Life Storage.

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Life Storage.

News coverage about LSI stock has been trending positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Life Storage earned a news sentiment score of 3.0 on InfoTrie's scale. They also assigned media stories about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View News Stories for Life Storage.

Life Storage saw a drop in short interest during the month of December. As of December 13th, there was short interest totalling 953,200 shares, a drop of 23.7% from the November 28th total of 1,250,000 shares. Based on an average trading volume of 397,100 shares, the days-to-cover ratio is presently 2.4 days. Currently, 2.1% of the shares of the stock 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), Host Hotels and Resorts (HST), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), EPR Properties (EPR), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR) and Sabra Health Care REIT (SBRA).

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), QUALCOMM (QCOM), AT&T (T), Verizon Communications (VZ), Extra Space Storage (EXR), Alphabet (GOOG) and Cisco Systems (CSCO).

Life Storage's stock is owned by a variety of of retail and institutional investors. Top institutional investors include PGGM Investments (1.60%), Courier Capital LLC (0.11%), Contravisory Investment Management Inc. (0.08%), Nisa Investment Advisors LLC (0.07%), Accurate Investment Solutions Inc. (0.05%) and State of Alaska Department of Revenue (0.04%). Company insiders that own Life Storage stock include Andrew J Gregoire, Arthur L Havener Jr, Charles E Lannon, David L Rogers, Edward F Killeen, Kenneth F Myszka and Robert J Attea. View Institutional Ownership Trends for Life Storage.

LSI stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, Manning & Napier Group LLC, Nisa Investment Advisors LLC, Courier Capital LLC, Carroll Financial Associates Inc., Spirit of America Management Corp NY, Accurate Investment Solutions Inc. and Contravisory Investment Management Inc.. Company insiders that have sold Life Storage company stock in the last year include Andrew J Gregoire, Arthur L Havener Jr, Charles E Lannon, David L Rogers and Edward F Killeen. View Insider Buying and Selling for Life Storage.

LSI stock was acquired by a variety of institutional investors in the last quarter, including State of Alaska Department of Revenue, Pensionfund DSM Netherlands, Pensionfund Sabic, 6 Meridian and Louisiana State Employees Retirement System. View Insider Buying and Selling 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 $113.93.

Life Storage has a market capitalization of $5.32 billion and generates $550.85 million in revenue each year. The real estate investment trust earns $206.59 million in net income (profit) each year or $5.51 on an earnings per share basis. Life Storage employs 1,953 workers across the globe.View Additional Information About Life Storage.

The official website for Life Storage is http://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.