Life Storage 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 4 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Life Storage stock.
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10 analysts have issued 12 month target prices for Life Storage's stock. Their LSI stock forecasts range from $125.00 to $186.00. On average, they expect Life Storage's share price to reach $143.20 in the next twelve months. This suggests a possible upside of 27.1% from the stock's current price.
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Life Storage's stock was trading at $153.18 at the beginning of the year. Since then, LSI shares have decreased by 26.5% and is now trading at $112.64.
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Life Storage saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,400,000 shares, an increase of 29.6% from the April 30th total of 1,080,000 shares. Based on an average daily volume of 553,200 shares, the days-to-cover ratio is currently 2.5 days.
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Life Storage is scheduled to release its next quarterly earnings announcement on Tuesday, August 2nd 2022.
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Life Storage, Inc. (NYSE:LSI) announced its earnings results on Wednesday, May, 4th. The real estate investment trust reported $0.88 earnings per share for the quarter, missing the consensus estimate of $0.89 by $0.01. The real estate investment trust earned $233.49 million during the quarter, compared to analyst estimates of $230.01 million. Life Storage had a net margin of 32.60% and a trailing twelve-month return on equity of 8.71%. The company's quarterly revenue was up 35.8% compared to the same quarter last year. During the same period in the prior year, the company earned $1.08 earnings per share.
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Life Storage declared a quarterly dividend on Monday, April 4th. Investors of record on Thursday, April 14th will be paid a dividend of $1.00 per share on Tuesday, April 26th. This represents a $4.00 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend is Wednesday, April 13th.
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Life Storage(NYSE:LSI) pays an annual dividend of $4.00 per share and currently has a dividend yield of 3.55%. Life Storage 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 of Life Storage is 117.30%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, Life Storage will have a dividend payout ratio of 59.97% next year. This indicates that Life Storage will be able to sustain or increase its dividend.
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Life Storage shares split on the morning of Thursday, January 28th 2021. The 3-2 split was announced on Monday, January 4th 2021. The newly created shares were payable to shareholders after the closing bell on Wednesday, January 27th 2021. An investor that had 100 shares of Life Storage stock prior to the split would have 150 shares after the split.

Life Storage issued an update on its second quarter 2022 earnings guidance on Monday, May, 16th. The company provided earnings per share guidance of $1.50-$1.54 for the period. The company issued revenue guidance of -.

17 employees have rated Life Storage CEO Joseph Saffire on Glassdoor.com. Joseph Saffire has an approval rating of 67% among Life Storage's employees.

Some companies that are related to Life Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Extra Space Storage (EXR), Ventas (VTR), CubeSmart (CUBE), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), Rayonier (RYN), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), EPR Properties (EPR), Sabra Health Care REIT (SBRA) and PotlatchDeltic (PCH).
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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 variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (14.73%), BlackRock Inc. (11.90%), State Street Corp (5.33%), Wellington Management Group LLP (4.56%), Invesco Ltd. (3.09%) and Centersquare Investment Management LLC (2.94%). Company insiders that own Life Storage stock include Andrew J Gregoire, Andrew J Gregoire, Arthur L Havener, Jr, Charles E Lannon, David L Rogers, Edward F Killeen, Edward F Killeen, Edward J Pettinella, Joseph Saffire, Mark G Barberio and Stephen R Rusmisel.
View institutional ownership trends for Life Storage.

LSI stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, BlackRock Inc., American Century Companies Inc., Pacer Advisors Inc., Strs Ohio, Northern Trust Corp, JPMorgan Chase & Co., and Acadian Asset Management LLC. Company insiders that have sold Life Storage company stock in the last two years include Andrew J Gregoire, Arthur L Havener, Jr, David L Rogers, Edward F Killeen, Joseph Saffire, and Stephen R Rusmisel.
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LSI stock was bought by a variety of institutional investors in the last quarter, including State Street Corp, Centersquare Investment Management LLC, Goldman Sachs Group Inc., Vanguard Group Inc., Cbre Investment Management Listed Real Assets LLC, Invesco Ltd., SG Americas Securities LLC, and Lord Abbett & CO. LLC.
View insider buying and selling activity for Life Storage or or view top insider-buying stocks.

Shares of LSI 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 $112.64.

Life Storage (NYSE:LSI) has a market capitalization of $9.50 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 $3.41 on an earnings per share basis.

Life Storage employs 2,241 workers across the globe.

Life Storage was founded in 2011.

Life Storage's mailing address is 6467 Main Street, Williamsville NY, 14221. The official website for Life Storage 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.