Life Storage downgraded by Jefferies with a new price target

NEW YORK, July 19, 2023 /PRNewswire/ -- Equity LifeStyle Properties Inc. (NYSE:ELS) will replace Life Storage Inc. (NYSE:LSI) in the S&P MidCap 400 effective prior to the opening of trading on Monday, July 24. S&P 500 constituent Extra Space Storage Inc. (NYSE:EXR) is acquiring Life Storage in a deal expected to be completed on July 20 pending final conditions. Following is a summary of the change that will take place prior to the open of trading on the effective date: Effective Date Index Name       Action Company Name Ticker GICS Sector July 24, 2023 S&P MidCap 400 Addition Equity LifeStyle Properties ELS Real Estate S&P MidCap 400 Deletion Life Storage LSI Real Estate For more informatio

SALT LAKE CITY and BUFFALO, N.Y., July 18, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) ("Extra Space" or "EXR") and Life Storage, Inc. (NYSE:LSI) ("Life Storage" or "LSI") today announced that Extra Space stockholders and Life Storage stockholders have voted, separately, to approve the proposed merger at their respective special meetings held virtually today, July 18, 2023. According to the results of the Extra Space Special Meeting of Stockholders, more than 99.9 percent of votes cast at the meeting – approximately 90.3 percent of the outstanding shares of Extra

David Dodman, COO of Life Storage, To Add CFO Responsibilities Life Storage, Inc. (NYSE:LSI) ("the Company"), a self-storage real estate investment trust (REIT), today announced with great sadness that Alexander Gress, the Company's Chief Financial Officer, passed away unexpectedly on July 9, 2023. Mr. Gress was 50 and is survived by his wife Jennifer and their three children. "We are shocked by the tragic passing of Alex Gress," said Joseph Saffire, the Company's Chief Executive Officer. "Alex was a tremendous leader and brilliant financial mind who demonstrated incredible integrity, passion and commitment to his colleagues and our business. He made considerable contributions to Life S

Citigroup downgraded Life Storage from Buy to Neutral and set a new price target of $126.00

Jefferies downgraded Life Storage from Buy to Hold and set a new price target of $97.00 from $123.00 previously

UBS initiated coverage of Life Storage with a rating of Neutral and set a new price target of $106.00

4 - LIFE STORAGE, INC. (0000944314) (Issuer)

4 - LIFE STORAGE, INC. (0000944314) (Issuer)

4 - LIFE STORAGE, INC. (0000944314) (Issuer)

15-12G - LIFE STORAGE, INC. (0000944314) (Filer)

15-12G - LIFE STORAGE, INC. (0000944314) (Filer)

EFFECT - LIFE STORAGE, INC. (0000944314) (Filer)

Andrew Gregoire to Retire as Chief Financial Officer, to be Succeeded by Alexander Gress, Vice President of Finance, Corporate Planning and Investor Relations Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today that it will promote the Company's Vice President of Finance, Corporate Planning and Investor Relations to Chief Financial Officer upon the retirement of current CFO, Andrew Gregoire, on January 2, 2023. Post-retirement, Mr. Gregoire will continue to assist in order to provide for a smooth transition, through June 30, 2023. "On behalf of myself, the management team, the board and the entire Life Storage team, I want to ex

Edward Killeen to retire as Chief Operating Officer, to be succeeded by David Dodman, Senior Vice President, Strategic Planning and Investor Relations Life Storage, Inc. (NYSE:LSI), a leading national owner and operator of self-storage properties, announced today that effective December 31, 2021, Edward Killeen, the Company's Chief Operating Officer, will retire from Life Storage. Mr. Killeen has been with Life Storage for 24 years and held various roles with the Company. He is a well-respected member of the Company's executive team. David Dodman, the Company's current Senior Vice President of Strategic Planning and Investor Relations, has been selected to succeed Mr. Killeen as Chief Ope

BUFFALO, N.Y.--(BUSINESS WIRE)--The Board of Directors of Life Storage, Inc. (NYSE:LSI), a self-storage real estate investment trust (REIT), announced that its Board of Directors has approved a 3.7% year-over-year increase in the Company’s quarterly common stock dividend. The Board has also approved a three-for-two stock split of the Company’s common stock, which will be made in the form of a 50% stock dividend. Shareholders of record at the close of business on January 15, 2021 will receive one additional share of Life Storage common stock for every two shares owned. These additional shares will be distributed on January 27, 2021. Cash will be distributed in lieu of fractional s

SALT LAKE CITY and BUFFALO, N.Y., July 18, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) ("Extra Space" or "EXR") and Life Storage, Inc. (NYSE:LSI) ("Life Storage" or "LSI") today announced that Extra Space stockholders and Life Storage stockholders have voted, separately, to approve the proposed merger at their respective special meetings held virtually today, July 18, 2023. According to the results of the Extra Space Special Meeting of Stockholders, more than 99.9 percent of votes cast at the meeting – approximately 90.3 percent of the outstanding shares of Extra

David Dodman, COO of Life Storage, To Add CFO Responsibilities Life Storage, Inc. (NYSE:LSI) ("the Company"), a self-storage real estate investment trust (REIT), today announced with great sadness that Alexander Gress, the Company's Chief Financial Officer, passed away unexpectedly on July 9, 2023. Mr. Gress was 50 and is survived by his wife Jennifer and their three children. "We are shocked by the tragic passing of Alex Gress," said Joseph Saffire, the Company's Chief Executive Officer. "Alex was a tremendous leader and brilliant financial mind who demonstrated incredible integrity, passion and commitment to his colleagues and our business. He made considerable contributions to Life S

SALT LAKE CITY, July 3, 2023 /PRNewswire/ -- Extra Space Storage Inc. ("EXR" or the "Company") (NYSE:EXR) announced today that the Company's board of directors has declared a dividend of $1.01 per share on the common stock of the Company, as permitted by the terms of the merger agreement the Company entered into with Life Storage, Inc. ("Life Storage" or "LSI") (NYSE:LSI).  The dividend is payable on July 19, 2023 to stockholders of record at the close of business on July 13, 2023. Furthermore, it is anticipated that, following the closing of the merger with LSI, EXR will pay

SC 13G/A - LIFE STORAGE, INC. (0000944314) (Subject)

SC 13G - LIFE STORAGE, INC. (0000944314) (Subject)

SC 13G/A - LIFE STORAGE, INC. (0000944314) (Subject)