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

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

Life Storage declared a quarterly dividend on Tuesday, July 2nd. Shareholders of record on Tuesday, July 16th will be given a dividend of $1.00 per share on Friday, July 26th. This represents a $4.00 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date is Monday, July 15th. View Life Storage's Dividend History.

Life Storage Inc (NYSE:LSI) posted its earnings results on Wednesday, July, 31st. The real estate investment trust reported $0.87 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.41 by $0.54. The real estate investment trust had revenue of $145 million for the quarter, compared to analysts' expectations of $142.96 million. Life Storage had a net margin of 37.17% and a return on equity of 10.21%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.39 earnings per share. View Life Storage's Earnings History.

Life Storage is scheduled to release their next quarterly earnings announcement on Wednesday, October 30th 2019. View Earnings Estimates for Life Storage.

Life Storage issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided earnings per share guidance of $5.56-5.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.59.

6 brokerages have issued 12 month price targets for Life Storage's shares. Their forecasts range from $91.00 to $110.00. On average, they expect Life Storage's share price to reach $100.1667 in the next year. This suggests that the stock has a possible downside of 2.9%. View Analyst Price Targets for Life Storage.

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 1 sell rating, 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Life Storage.

News coverage about LSI stock has been trending negative on Saturday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive press coverage by reviewing more than six thousand news and blog 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 daily sentiment score of -2.3 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View News Stories for Life Storage.

Life Storage saw a increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,623,200 shares, an increase of 19.3% from the June 30th total of 1,360,900 shares. Based on an average daily volume of 353,300 shares, the days-to-cover ratio is currently 4.6 days. Approximately 3.5% 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 Weyerhaeuser (WY), HCP (HCP), Alexandria Real Estate Equities (ARE), Extra Space Storage (EXR), WP Carey (WPC), Mid-America Apartment Communities (MAA), UDR (UDR), ANNALY CAP MGMT/SH (NLY), Sun Communities (SUI), Equity Lifestyle Properties (ELS), Gecina (GECFF), Duke Realty (DRE), Host Hotels and Resorts (HST), Vornado Realty Trust (VNO) and Regency Centers (REG).

Based on aggregate information from My MarketBeat watchlists, some companies that other Life Storage investors own include Intel (INTC), Starbucks (SBUX), Walt Disney (DIS), QUALCOMM (QCOM), Extra Space Storage (EXR), AT&T (T), Cisco Systems (CSCO), Gilead Sciences (GILD), Alphabet (GOOG) and Home Depot (HD).

Life Storage's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (15.74%), BlackRock Inc. (11.82%), PGGM Investments (5.13%), Invesco Ltd. (2.19%), Northern Trust Corp (1.92%) and Nuveen Asset Management LLC (1.66%). 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, Paul T Powell 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 Cohen & Steers Inc., Daiwa Securities Group Inc., Renaissance Technologies LLC, NN Investment Partners Holdings N.V., Vanguard Group Inc., BlackRock Inc., Russell Investments Group Ltd. and Morgan Stanley. Company insiders that have sold Life Storage company stock in the last year include Arthur L Havener Jr, Charles E Lannon, David L Rogers, Edward F Killeen and Kenneth F Myszka. View Insider Buying and Selling for Life Storage.

LSI stock was purchased by a variety of institutional investors in the last quarter, including PGGM Investments, Long Pond Capital LP, Nuveen Asset Management LLC, Echo Street Capital Management LLC, Schroder Investment Management Group, Allianz Asset Management GmbH, Bank of America Corp DE and JPMorgan Chase & Co.. Company insiders that have bought Life Storage stock in the last two years include Andrew J Gregoire, Arthur L Havener Jr and Paul T Powell. 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, Scottrade, Fidelity and Charles Schwab.

One share of LSI stock can currently be purchased for approximately $103.12.

Life Storage has a market capitalization of $4.81 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.