Alexander Gress, the company's Chief Financial Officer, passed away unexpectedly on July 9, 2023. The Board has appointed David Dodman, Chief Operating Officer of Life Storage, as Chief Financial Officer, effective immediately. Mr. Dodman will continue to serve in his role as COO in addition to his new responsibilities as CFO.
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/8/2023 | $126.00 | Buy → Neutral | Citigroup |
| 1/3/2023 | $123.00 → $97.00 | Buy → Hold | Jefferies |
| 10/17/2022 | $106.00 | Neutral | UBS |
| 8/29/2022 | $139.00 → $138.00 | Outperform → In-line | Evercore ISI |
| 6/21/2022 | $141.00 → $133.00 | Buy → Neutral | BofA Securities |
| 5/19/2022 | $150.00 → $130.00 | Outperform → Market Perform | BMO Capital Markets |
| 2/22/2022 | $142.00 | Neutral | JP Morgan |
| 1/13/2022 | $146.00 → $160.00 | Overweight | Keybanc |
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
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
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
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Equity Lifestyle Properties Inc (NYSE:ELS) shares are trading higher Thursday after it was announced the company is set to join the S&P MidCap 400. What Happened: Equity Lifestyle will replace Life Storage Inc (NYSE:LSI) in the S&P MidCap 400 prior to the open on July 24. Life Storage is set to be acquired by Extra Space Storage Inc (NYSE:EXR) this week. The deal is expected to be completed on Thursday. Equity Lifestyle Properties is a residential REIT that focuses on owning manufactured housing, residential vehicle communities and marinas. See Also: Travelers Significantly Misses Q2 Core EPS, Reports $1.5B Catastrophe Losses ELS Price Action: Equity Lifestyle has a 52-week high of $7
Investors eagerly anticipate the dividend payout from Life Storage (NYSE:LSI) on July 19, 2023. With a payout of $0.90 per share and an annualized dividend yield of 2.71%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on July 12, 2023 Life Storage Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nth-c
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 Space common stock as of the record date – were voted in favor of the issuance of Extra Space common stock in connection with the merger. The final voting results of the Extra Space Special Meeting of Stockholders will be filed as part of a Form 8-K with the U.S. Securities and Exchange Commission.According to the results of the Life Storage Special Meeting of Stockholders, more than 99.7 percent of votes cast at the meeting – approximately 83.4 percent of the outstanding shares of Life Storage common
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