Life Storage Stock Forecast, Price & News

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Life Storage in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Life Storage stock.
View analyst ratings for Life Storage or view top-rated stocks.

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Life Storage saw a decline in short interest during the month of February. As of February 12th, there was short interest totaling 1,640,000 shares, a decline of 19.6% from the January 28th total of 2,040,000 shares. Based on an average daily volume of 653,700 shares, the days-to-cover ratio is presently 2.5 days.
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Life Storage is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for Life Storage.

Life Storage, Inc. (NYSE:LSI) announced its quarterly earnings results on Sunday, February, 21st. The real estate investment trust reported $0.57 EPS for the quarter, missing the Zacks' consensus estimate of $1.04 by $0.47. The real estate investment trust had revenue of $166.51 million for the quarter, compared to the consensus estimate of $161.41 million. Life Storage had a trailing twelve-month return on equity of 7.09% and a net margin of 25.67%. The business's quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.44 earnings per share.
View Life Storage's earnings history.

Life Storage's stock was trading at $70.92 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, LSI shares have increased by 16.0% and is now trading at $82.26.
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Life Storage declared a quarterly dividend on Tuesday, January 5th. Stockholders of record on Friday, January 15th will be paid a dividend of $0.74 per share on Wednesday, January 27th. This represents a $2.96 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Thursday, January 14th.
View Life Storage's dividend history.

Life Storage pays an annual dividend of $2.96 per share and currently has a dividend yield of 3.56%. Life Storage does not yet have a strock track record of dividend growth. The dividend payout ratio of Life Storage is 52.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Life Storage will have a dividend payout ratio of 46.84% 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 issued shares were distributed 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.

Life Storage updated its FY21 earnings guidance on Monday, February, 22nd. The company provided EPS guidance of $4.18-4.28 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.25.

9 equities research analysts have issued 1-year target prices for Life Storage's stock. Their forecasts range from $64.00 to $94.00. On average, they expect Life Storage's stock price to reach $81.63 in the next year. This suggests that the stock has a possible downside of 0.8%.
View analysts' price targets for Life Storage or view top-rated stocks among Wall Street analysts.

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), Ventas (VTR), Extra Space Storage (EXR), Medical Properties Trust (MPW), Omega Healthcare Investors (OHI), CubeSmart (CUBE), Rayonier (RYN), Ryman Hospitality Properties (RHP), Healthcare Realty Trust (HR), Sabra Health Care REIT (SBRA), PotlatchDeltic (PCH) and EPR Properties (EPR).
View all of LSI's competitors.

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 investors include BlackRock Inc. (7.59%), Northern Trust Corp (1.05%), Dimensional Fund Advisors LP (1.01%), JPMorgan Chase & Co. (0.85%), Charles Schwab Investment Management Inc. (0.82%) and Bank of New York Mellon Corp (0.80%). 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 NN Investment Partners Holdings N.V., Los Angeles Capital Management LLC, JPMorgan Chase & Co., Reinhart Partners Inc., Tudor Investment Corp Et Al, Morgan Stanley, Credit Suisse AG, and Sei Investments Co.. 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 Norges Bank, Sumitomo Mitsui Trust Holdings Inc., Long Pond Capital LP, BlackRock Inc., Monarch Partners Asset Management LLC, B&I Capital AG, UBS Asset Management Americas Inc., and Waterfront Capital Partners 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.
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One share of LSI stock can currently be purchased for approximately $82.26.

Life Storage has a market capitalization of $6.21 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 2,078 workers across the globe.

The official website for Life Storage is www.lifestorage.com.

Life Storage is headquartered at 6467 Main Street, Williamsville NY, 14221.

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.