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

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$95.14 +0.36 (+0.38 %)
(As of 03/20/2019 03:20 AM ET)
Previous Close$94.78
Today's Range$94.39 - $95.20
52-Week Range$80.12 - $102.91
Volume214,700 shs
Average Volume337,713 shs
Market Capitalization$4.44 billion
P/E Ratio17.27
Dividend Yield4.22%
Beta0.46
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 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to its 400,000-plus customers, making it a leader in the industry.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
CUSIP84610H10
Phone716-633-1850

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$550.85 million
Cash Flow$6.6671 per share
Book Value$44.16 per share

Profitability

Net Income$206.59 million

Miscellaneous

Employees1,953
Market Cap$4.44 billion
Next Earnings Date5/1/2019 (Estimated)
OptionableOptionable

Life Storage (NYSE:LSI) Frequently Asked Questions

What is Life Storage's stock symbol?

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

How often does Life Storage pay dividends? What is the dividend yield for Life Storage?

Life Storage announced a quarterly dividend on Friday, January 4th. Stockholders of record on Tuesday, January 15th will be paid a dividend of $1.00 per share on Monday, January 28th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date is Monday, January 14th. View Life Storage's Dividend History.

How will Life Storage's stock buyback program work?

Life Storage announced that its board has approved a stock repurchase plan on Wednesday, August 2nd 2017, which allows the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to buy up to 5.3% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

How were Life Storage's earnings last quarter?

Life Storage Inc (NYSE:LSI) announced its earnings results on Wednesday, October, 31st. The real estate investment trust reported $0.88 EPS for the quarter, meeting the Thomson Reuters' consensus estimate of $0.88. The real estate investment trust had revenue of $141.50 million for the quarter, compared to analyst estimates of $141.10 million. Life Storage had a return on equity of 10.18% and a net margin of 37.50%. The business's revenue was up 4.4% on a year-over-year basis. During the same period last year, the company earned $0.76 earnings per share. View Life Storage's Earnings History.

When is Life Storage's next earnings date?

Life Storage is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Life Storage.

What guidance has Life Storage issued on next quarter's earnings?

Life Storage updated its FY19 earnings guidance on Monday, February, 25th. The company provided earnings per share guidance of $5.53-5.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.64. The company issued revenue guidance of +1.5-2.5% to approximately $559.1-564.2 million, compared to the consensus revenue estimate of $583.33 million.Life Storage also updated its FY 2019 guidance to $1.27-1.31 EPS.

What price target have analysts set for LSI?

6 equities research analysts have issued twelve-month price objectives for Life Storage's shares. Their predictions range from $87.00 to $105.00. On average, they anticipate Life Storage's stock price to reach $95.3333 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price. View Analyst Price Targets for Life Storage.

What is the consensus analysts' recommendation for Life Storage?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 2 sell ratings and 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Life Storage.

Has Life Storage been receiving favorable news coverage?

Media stories about LSI stock have been trending negative this week, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Life Storage earned a media sentiment score of -2.0 on InfoTrie's scale. They also assigned headlines 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 company's share price in the next several days.

Who are some of Life Storage's key competitors?

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), AT&T (T), QUALCOMM (QCOM), Verizon Communications (VZ), Home Depot (HD), Cisco Systems (CSCO), Walt Disney (DIS), Extra Space Storage (EXR) and General Electric (GE).

Who are Life Storage's key executives?

Life Storage's management team includes the folowing people:
  • Mr. David L. Rogers, CEO & Director (Age 63)
  • Mr. Andrew J. Gregoire CPA, CFO & Sec. (Age 51)
  • Mr. Edward F. Killeen, Chief Operating Officer (Age 55)
  • Mr. Joseph V. Saffire, Chief Investment Officer (Age 49)
  • Mr. Paul T. Powell, Advisor (Age 63)

Who are Life Storage's major shareholders?

Life Storage's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Cohen & Steers Inc. (14.33%), BlackRock Inc. (12.14%), Massachusetts Financial Services Co. MA (6.77%), Daiwa Securities Group Inc. (3.59%), Dimensional Fund Advisors LP (1.54%) and Macquarie Group Ltd. (1.41%). Company insiders that own Life Storage stock include Andrew J Gregoire, Arthur L Havener Jr, David L Rogers, Edward F Killeen, Kenneth F Myszka, Paul T Powell, Robert J Attea and Stephen R Rusmisel. View Institutional Ownership Trends for Life Storage.

Which institutional investors are selling Life Storage stock?

LSI stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Massachusetts Financial Services Co. MA, First Trust Advisors LP, Prudential Financial Inc., KBC Group NV, Northern Trust Corp, Squarepoint Ops LLC and California Public Employees Retirement System. Company insiders that have sold Life Storage company stock in the last year include Arthur L Havener Jr, David L Rogers, Edward F Killeen, Kenneth F Myszka and Robert J Attea. View Insider Buying and Selling for Life Storage.

Which institutional investors are buying Life Storage stock?

LSI stock was acquired by a variety of institutional investors in the last quarter, including Norges Bank, Daiwa Securities Group Inc., WINTON GROUP Ltd, BlackRock Inc., Nuveen Asset Management LLC, Nordea Investment Management AB, Sarasin & Partners LLP and Contravisory Investment Management Inc.. Company insiders that have bought Life Storage stock in the last two years include Andrew J Gregoire, Arthur L Havener Jr, Paul T Powell and Stephen R Rusmisel. View Insider Buying and Selling for Life Storage.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is Life Storage's stock price today?

One share of LSI stock can currently be purchased for approximately $95.14.

How big of a company is Life Storage?

Life Storage has a market capitalization of $4.44 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.

What is Life Storage's official website?

The official website for Life Storage is http://www.lifestorage.com.

How can I contact Life Storage?

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.


MarketBeat Community Rating for Life Storage (NYSE LSI)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  403 (Vote Outperform)
Underperform Votes:  492 (Vote Underperform)
Total Votes:  895
MarketBeat's community ratings are surveys of what our community members think about Life Storage and other stocks. Vote "Outperform" if you believe LSI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe LSI will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/20/2019 by MarketBeat.com Staff

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