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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
Current SymbolNYSE:LSI
Previous Symbol
CUSIP84610H10
Phone716-633-1850
Debt
Debt-to-Equity Ratio0.87
Current Ratio0.28
Quick Ratio0.28
Price-To-Earnings
Trailing P/E Ratio19.13
Forward P/E Ratio18.50
P/E Growth4.09
Sales & Book Value
Annual Sales$529.75 million
Price / Sales8.93
Cash Flow$4.9132 per share
Price / Cash Flow20.67
Book Value$43.58 per share
Price / Book2.33
Profitability
EPS (Most Recent Fiscal Year)$5.31
Net Income$96.36 million
Net Margins24.81%
Return on Equity6.68%
Return on Assets3.49%
Miscellaneous
Employees1,792
Outstanding Shares46,600,000
Market Cap$4.72 billion
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 Tuesday, October 2nd. Investors of record on Tuesday, October 16th will be paid a dividend of $1.00 per share on Friday, October 26th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Monday, October 15th. View Life Storage's Dividend History.
How will Life Storage's stock buyback program work?
Life Storage declared that its board has authorized a stock buyback program on Wednesday, August 2nd 2017, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 5.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its stock is undervalued.
How were Life Storage's earnings last quarter?
Life Storage Inc (NYSE:LSI) posted its quarterly earnings results on Wednesday, October, 31st. The real estate investment trust reported $0.88 EPS for the quarter, hitting analysts' consensus estimates of $0.88. The real estate investment trust had revenue of $141.50 million for the quarter, compared to the consensus estimate of $141.10 million. Life Storage had a return on equity of 6.68% and a net margin of 24.81%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. View Life Storage's Earnings History.
When is Life Storage's next earnings date?
What guidance has Life Storage issued on next quarter's earnings?
Life Storage updated its fourth quarter earnings guidance on Wednesday, October, 31st. The company provided EPS guidance of $1.35-$1.39 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.37. Life Storage also updated its FY 2018 guidance to $5.46-5.52 EPS.
What price target have analysts set for LSI?
8 Wall Street analysts have issued 1-year target prices for Life Storage's stock. Their forecasts range from $70.00 to $105.00. On average, they expect Life Storage's share price to reach $91.00 in the next twelve months. This suggests that the stock has a possible downside of 10.2%. View Analyst Price Targets for Life Storage.
What is the consensus analysts' recommendation for Life Storage?
8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 2 sell ratings and 6 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Life Storage.
What are Wall Street analysts saying about Life Storage stock?
Here are some recent quotes from research analysts about Life Storage stock:
- 1. According to Zacks Investment Research, "Life Storage, Inc. is a fully integrated, self-administered and self-managed real estate investment trust which acquires and manages self-storage properties. The company's brand name consists of Life Storage(R) and Uncle Bob's Self Storage(R). Life Storage, Inc., formerly known as Sovran Self Storage, Inc., is headquartered in Buffalo, New York. " (8/23/2018)
- 2. Cantor Fitzgerald analysts commented, "$0.03/sh. Beat. 4Q Core FFO/sh. of $1.34 beat our/FactSet consensus by $0.03. The variance to our estimates include lower NOI offset by lower G&A. There was sequential improvement of 40bps to 1.3% in 4Q SS revenue growth (vs. our estimate of 1.4%), with rents down by 0.3% and occupancy up 60bps. Expenses were up 3.2% (-90bps seq.), with real estate taxes up 8.0%. As a result, SSNOI was up 0.4%, which is an improvement from the decline of 0.5% in 3Q. On a relative basis, LSI’s 4Q same-store revenue growth of 1.3% is 270bps lower than that of CUBE (OW), 360bps lower than that of EXR (N), and 80bps lower than that of PSA (N). Of the top 10 markets, San Antonio had the highest decline in seq. SS revenue growth (-110bps to -1.5%). Markets showing improvement include Houston (+300bps to 0.1%), which likely benefited from hurricanes; Tampa (+70bps to 1.8%) and Buffalo (+60bps to 2.5%)." (2/21/2018)
Has Life Storage been receiving favorable news coverage?
News coverage about LSI stock has been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Life Storage earned a coverage optimism score of 1.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future.
Who are some of Life Storage's key competitors?
Some companies that are related to Life Storage include Weyerhaeuser (WY), Essex Property Trust (ESS), HCP (HCP), ANNALY CAP MGMT/SH (NLY), Host Hotels and Resorts (HST), Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), SINO LD LTD/S (SNLAY), WP Carey (WPC), UDR (UDR), Regency Centers (REG), Gecina (GECFF) and Duke Realty (DRE).
Who are Life Storage's key executives?
Life Storage's management team includes the folowing people:
- Mr. David L. Rogers, CEO & Director (Age 62)
- Mr. Andrew J. Gregoire CPA, CFO & Sec. (Age 50)
- Mr. Edward F. Killeen, Chief Operating Officer (Age 54)
- Mr. Joseph V. Saffire, Chief Investment Officer (Age 48)
- Mr. Paul T. Powell, Advisor (Age 62)
Who are Life Storage's major shareholders?
Life Storage's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (15.61%), Vanguard Group Inc (15.61%), Cohen & Steers Inc. (14.28%), BlackRock Inc. (11.86%), Massachusetts Financial Services Co. MA (7.35%) and Daiwa Securities Group Inc. (3.12%). Company insiders that own Life Storage stock include Andrew J Gregoire, Arthur L Havener Jr, David L Rogers, Edward F Killeen, Kenneth F Myszka, Mark G Barberio, 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, Prudential Financial Inc., Fisher Asset Management LLC, Morgan Stanley, Waterfront Capital Partners LLC, Alliancebernstein L.P., JPMorgan Chase & Co. and JPMorgan Chase & Co.. 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 bought by a variety of institutional investors in the last quarter, including Cohen & Steers Inc., Daiwa Securities Group Inc., Massachusetts Financial Services Co. MA, Vanguard Group Inc, Vanguard Group Inc., Robeco Institutional Asset Management B.V., Robeco Institutional Asset Management B.V. and NN Investment Partners Holdings N.V.. Company insiders that have bought Life Storage stock in the last two years include Andrew J Gregoire, Arthur L Havener Jr, Mark G Barberio, 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 $101.31.
How big of a company is Life Storage?
Life Storage has a market capitalization of $4.72 billion and generates $529.75 million in revenue each year. The real estate investment trust earns $96.36 million in net income (profit) each year or $5.31 on an earnings per share basis. Life Storage employs 1,792 workers across the globe.
What is Life Storage's official website?
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)
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.
