Life Storage - LSI Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" LSI shares.
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11 analysts have issued 12 month target prices for Life Storage's shares. Their LSI share price forecasts range from $127.00 to $186.00. On average, they anticipate the company's share price to reach $144.09 in the next year. This suggests a possible upside of 4.4% from the stock's current price.
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Life Storage's stock was trading at $153.18 at the start of the year. Since then, LSI stock has decreased by 9.9% and is now trading at $138.00.
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Life Storage saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,830,000 shares, an increase of 15.1% from the July 15th total of 1,590,000 shares. Based on an average daily volume of 618,200 shares, the short-interest ratio is presently 3.0 days.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
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Life Storage, Inc. (NYSE:LSI) issued its earnings results on Wednesday, August, 3rd. The real estate investment trust reported $1.09 EPS for the quarter, missing analysts' consensus estimates of $1.53 by $0.44. Life Storage had a net margin of 33.90% and a trailing twelve-month return on equity of 9.20%. During the same quarter in the previous year, the company earned $1.20 earnings per share.

Life Storage declared a quarterly dividend on Wednesday, July 6th. Shareholders of record on Friday, July 15th will be paid a dividend of $1.08 per share on Tuesday, July 26th. This represents a $4.32 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, July 14th. This is a positive change from the stock's previous quarterly dividend of $1.00.
Read our dividend analysis for LSI.

Life Storage (NYSE:LSI) pays an annual dividend of $4.32 per share and currently has a dividend yield of 3.17%. The company 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 is 114.89%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, LSI will have a dividend payout ratio of 64.19% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for LSI.

Life Storage shares split on Thursday, January 28th 2021. The 3-2 split was announced on Monday, January 4th 2021. The newly issued shares were distributed to shareholders after the market closes on Wednesday, January 27th 2021. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

Life Storage issued an update on its third quarter 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $1.62-$1.66 for the period. The company issued revenue guidance of -.

17 employees have rated Life Storage Chief Executive Officer Joseph Saffire on Glassdoor.com. Joseph Saffire has an approval rating of 67% among the company's employees.

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 number of institutional and retail investors. Top institutional shareholders include State Street Corp (5.42%), Massachusetts Financial Services Co. MA (2.32%), Deutsche Bank AG (1.70%), Macquarie Group Ltd. (1.36%), Northern Trust Corp (1.21%) and Prudential Financial Inc. (1.01%). Insiders that own company stock include Andrew J Gregoire, Andrew J Gregoire, Arthur L Havener, Jr, David L Rogers, Edward F Killeen, Edward F Killeen, Edward J Pettinella, Joseph Saffire, Mark G Barberio and Stephen R Rusmisel.
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Shares of LSI stock 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 $138.00.

Life Storage (NYSE:LSI) has a market capitalization of $11.65 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 $3.76 on an earnings per share basis.

The company 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 the company 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.