Life Storage Stock Forecast, Price & News

Life Storage's stock was trading at $106.38 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, LSI shares have increased by 15.5% and is now trading at $122.88.
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10 Wall Street research 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 research analysts is that investors should "buy" Life Storage stock.
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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) issued its earnings results on Thursday, November, 5th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by $0.71. The real estate investment trust earned $156.30 million during the quarter, compared to analysts' expectations of $150.56 million. Life Storage had a return on equity of 7.09% and a net margin of 25.67%. The business's revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 earnings per share.
View Life Storage's earnings history.

Life Storage announced 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 3.61%. The ex-dividend date of this dividend is Thursday, January 14th. This is a positive change from Life Storage's previous quarterly dividend of $1.07.
View Life Storage's dividend history.

Life Storage pays an annual dividend of $4.28 per share and currently has a dividend yield of 3.52%. Life Storage does not yet have a strock track record of dividend growth. The dividend payout ratio of Life Storage is 76.16%. 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 67.72% 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 the morning of Thursday, January 28th 2021. The 3-2 split was announced on Monday, January 4th 2021. The newly minted shares will be distributed 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.

10 brokerages 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 share price to reach $115.73 in the next year. This suggests that the stock has a possible downside of 5.8%.
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Some companies that are related to Life Storage include American Tower (AMT), Public Storage (PSA), Welltower (WELL), Weyerhaeuser (WY), Ventas (VTR), HCP (HCP), 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) 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), 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 institutional and retail investors. Top institutional shareholders include State of Alaska Department of Revenue (0.04%), Louisiana State Employees Retirement System (0.02%), HGK Asset Management Inc. (0.01%), Crossmark Global Holdings Inc. (0.01%), Redpoint Investment Management Pty Ltd (0.01%) and First Hawaiian Bank (0.00%). 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 HGK Asset Management Inc., First Hawaiian Bank, Redpoint Investment Management Pty Ltd, and Crossmark Global Holdings Inc.. 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 bought by a variety of institutional investors in the last quarter, including 6 Meridian, Louisiana State Employees Retirement System, and State of Alaska Department of Revenue. 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 $122.88.

Life Storage has a market capitalization of $6.08 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.