Life Storage Stock Forecast, Price & 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. Since then, LSI shares have increased by 16.7% and is now trading at $124.14.
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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 "buy" Life Storage stock.
View analyst ratings for Life Storage or view MarketBeat's top 5 stock picks.

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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.

Life Storage is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Life Storage.

Life Storage, Inc. (NYSE:LSI) released its quarterly earnings results on Thursday, November, 5th. The real estate investment trust reported $0.78 earnings per share for the quarter, missing the consensus estimate of $1.49 by $0.71. The real estate investment trust had revenue of $156.30 million for the quarter, compared to analyst estimates of $150.56 million. Life Storage had a net margin of 25.67% and a trailing twelve-month return on equity of 7.09%. The firm's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.46 EPS.
View Life Storage's earnings history.

Life Storage declared a quarterly dividend on Tuesday, January 5th. Investors of record on Friday, January 15th will be given a dividend of $1.11 per share on Wednesday, January 27th. This represents a $4.44 annualized dividend and a yield of 3.58%. The ex-dividend date is Thursday, January 14th. This is a boost from Life Storage's previous quarterly dividend of $1.07.
View Life Storage's dividend history.

Life Storage pays an annual dividend of $4.44 per share and currently has a dividend yield of 3.63%. Life Storage does not yet have a strock track record of dividend growth. The dividend payout ratio of Life Storage is 79.00%. 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 70.25% next year. This indicates that Life Storage will be able to sustain or increase its dividend.
View Life Storage's dividend history.

Life Storage shares split on Thursday, January 28th 2021. The 3-2 split was announced on Monday, January 4th 2021. The newly created shares will be payable to shareholders after the market closes 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.

10 Wall Street analysts have issued 12-month target prices for Life Storage's stock. Their forecasts range from $96.00 to $140.00. On average, they anticipate Life Storage's stock price to reach $116.27 in the next twelve months. This suggests that the stock has a possible downside of 6.3%.
View analysts' price targets for Life Storage or view Wall Street analyst' top-rated stocks.

Some companies that are related to Life Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), Extra Space Storage (EXR), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Rayonier (RYN), Healthcare Realty Trust (HR), Ryman Hospitality Properties (RHP), Sabra Health Care REIT (SBRA), PotlatchDeltic (PCH) and National Health Investors (NHI).
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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), The Walt Disney (DIS), The 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 shareholders include Sarasin & Partners LLP (0.17%), New York State Teachers Retirement System (0.16%), Strs Ohio (0.15%), Reinhart Partners Inc. (0.14%), Pacer Advisors Inc. (0.12%) and Manning & Napier Group LLC (0.10%). Company insiders that own Life Storage stock include Andrew J Gregoire, Arthur L Havener Jr, Charles E Lannon, David L Rogers, Edward F Killeen, Edward J Pettinella and Mark G Barberio.
View institutional ownership trends for Life Storage.

LSI stock was sold by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., New York State Teachers Retirement System, Avantax Advisory Services Inc., Manning & Napier Group LLC, HGK Asset Management Inc., First Hawaiian Bank, Gilman Hill Asset Management LLC, and Redpoint Investment Management Pty Ltd. Company insiders that have sold Life Storage company stock in the last year include Andrew J Gregoire, and David L Rogers.
View insider buying and selling activity for Life Storage or view top insider-selling stocks.

LSI stock was acquired by a variety of institutional investors in the last quarter, including Sarasin & Partners LLP, Denali Advisors LLC, Pacer Advisors Inc., Nisa Investment Advisors LLC, Strs Ohio, IBM Retirement Fund, 6 Meridian, and International Assets Investment Management LLC. Company insiders that have bought Life Storage stock in the last two years include Edward J Pettinella, and Mark G Barberio.
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.

One share of LSI stock can currently be purchased for approximately $124.14.

Life Storage has a market capitalization of $6.14 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.

The official website for Life Storage is 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.