Life Storage - LSI Stock Forecast, Price & News

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 Wall Street analysts have issued twelve-month price objectives for Life Storage's shares. Their LSI share price forecasts range from $106.00 to $186.00. On average, they expect the company's stock price to reach $138.64 in the next year. This suggests a possible upside of 29.3% from the stock's current price.
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Life Storage's stock was trading at $153.18 at the beginning of 2022. Since then, LSI stock has decreased by 30.0% and is now trading at $107.19.
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Life Storage saw a increase in short interest in the month of October. As of October 31st, there was short interest totaling 2,050,000 shares, an increase of 11.4% from the October 15th total of 1,840,000 shares. Based on an average trading volume of 610,200 shares, the days-to-cover ratio is currently 3.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our LSI earnings forecast.

Life Storage, Inc. (NYSE:LSI) announced its quarterly earnings data on Wednesday, August, 3rd. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by $0.44. Life Storage had a trailing twelve-month return on equity of 9.73% and a net margin of 34.54%. During the same quarter last year, the company earned $1.20 earnings per share.

Life Storage declared a quarterly dividend on Monday, October 3rd. Stockholders of record on Friday, October 14th will be given a dividend of $1.08 per share on Wednesday, October 26th. This represents a $4.32 annualized dividend and a yield of 4.03%. The ex-dividend date is Thursday, October 13th.
Read our dividend analysis for LSI.

Life Storage (NYSE:LSI) pays an annual dividend of $4.32 per share and currently has a dividend yield of 4.12%. LSI has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 107.20%. 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 62.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LSI.

Life Storage's stock split on Thursday, January 28th 2021. The 3-2 split was announced on Monday, January 4th 2021. The newly minted 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 issued an update on its fourth quarter 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of $1.60-$1.64 for the period, compared to the consensus earnings per share estimate of $1.61. 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 investors include Vanguard Group Inc. (14.90%), BlackRock Inc. (11.10%), State Street Corp (5.36%), Centersquare Investment Management LLC (2.53%), Massachusetts Financial Services Co. MA (2.27%) and Dimensional Fund Advisors LP (1.35%). 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.
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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 $107.19.

Life Storage (NYSE:LSI) has a market capitalization of $9.11 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 $4.03 on an earnings per share basis.

The company employs 2,241 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 (855) 608-1334 or via fax at 800-800-3456.