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

Life Storage's stock was trading at $106.38 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, LSI stock has decreased by 13.5% and is now trading at $92.01. View which stocks have been mosted impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Life Storage.

Life Storage is scheduled to release its next quarterly earnings announcement on Wednesday, May 6th 2020. View our earnings forecast for Life Storage.

Life Storage Inc (NYSE:LSI) issued its quarterly earnings data on Wednesday, February, 19th. The real estate investment trust reported $0.93 earnings per share for the quarter, missing analysts' consensus estimates of $1.43 by $0.50. The real estate investment trust earned $147.55 million during the quarter, compared to analysts' expectations of $146.29 million. Life Storage had a net margin of 45.01% and a return on equity of 12.38%. The business's revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $1.98 earnings per share. View Life Storage's earnings history.

Life Storage declared 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 dividend yield of 4.65%. 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 updated its FY20 earnings guidance on Wednesday, February, 19th. The company provided earnings per share guidance of $5.94-6.08 for the period, compared to the Thomson Reuters consensus estimate of $5.99.

8 Wall Street analysts have issued 12 month price objectives for Life Storage's stock. Their forecasts range from $85.00 to $122.00. On average, they expect Life Storage's share price to reach $110.63 in the next twelve months. This suggests a possible upside of 20.2% from the stock's current price. View analysts' price targets for Life Storage.

Media headlines about LSI stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Life Storage earned a daily sentiment score of -3.3 on InfoTrie's scale. They also gave 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 impact on the stock's share price in the near future. View the latest news aboutLife Storage.

Life Storage saw a increase in short interest in March. As of March 13th, there was short interest totaling 1,024,100 shares, an increase of 41.1% from the February 27th total of 725,600 shares. Based on an average daily volume of 371,600 shares, the short-interest ratio is currently 2.8 days. Approximately 2.2% of the company's shares are short sold. 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), Extra Space Storage (EXR), HCP (HCP), Ventas (VTR), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Healthcare Realty Trust (HR), Rayonier (RYN), Sabra Health Care REIT (SBRA) and National Health Investors (NHI).

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

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

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 $92.01.

Life Storage has a market capitalization of $4.30 billion and generates $574.74 million in revenue each year. The real estate investment trust earns $258.70 million in net income (profit) each year or $5.62 on an earnings per share basis. Life Storage employs 1,943 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.