Wells Fargo & Company Reiterates $91.00 Price Target for Life Storage (LSI)

Wells Fargo & Company set a $91.00 price objective on Life Storage (NYSE:LSI) in a research note issued to investors on Thursday. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Other research analysts also recently issued research reports about the company. Jefferies Group set a $86.00 price objective on Life Storage and gave the stock a hold rating in a report on Tuesday, November 28th. SunTrust Banks reaffirmed a hold rating and set a $80.00 price objective on shares of Life Storage in a report on Friday, November 24th. Bank of America raised Life Storage from an underperform rating to a neutral rating in a report on Tuesday, November 21st. KeyCorp reaffirmed a hold rating on shares of Life Storage in a report on Sunday, November 19th. Finally, B. Riley set a $70.00 price objective on Life Storage and gave the stock a sell rating in a report on Tuesday, November 14th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $81.07.

Shares of Life Storage (NYSE LSI) traded up $0.37 on Thursday, hitting $90.22. The stock had a trading volume of 452,281 shares, compared to its average volume of 568,352. The firm has a market cap of $4,198.57, a P/E ratio of 17.05, a P/E/G ratio of 3.79 and a beta of 0.63. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.85. Life Storage has a fifty-two week low of $69.00 and a fifty-two week high of $90.92.

Hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Life Storage by 1.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 68,554 shares of the real estate investment trust’s stock valued at $5,080,000 after purchasing an additional 1,241 shares during the period. Brookfield Asset Management Inc. lifted its stake in shares of Life Storage by 12.1% in the 2nd quarter. Brookfield Asset Management Inc. now owns 1,272,882 shares of the real estate investment trust’s stock valued at $94,321,000 after purchasing an additional 137,682 shares during the period. APG Asset Management US Inc. lifted its stake in shares of Life Storage by 9.4% in the 3rd quarter. APG Asset Management US Inc. now owns 671,000 shares of the real estate investment trust’s stock valued at $54,895,000 after purchasing an additional 57,500 shares during the period. Land & Buildings Investment Management LLC acquired a new position in shares of Life Storage in the 3rd quarter valued at $67,395,000. Finally, Eii Capital Management Inc. lifted its stake in shares of Life Storage by 1.4% in the 2nd quarter. Eii Capital Management Inc. now owns 59,500 shares of the real estate investment trust’s stock valued at $4,409,000 after purchasing an additional 800 shares during the period. 96.75% of the stock is currently owned by institutional investors.

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Life Storage Company Profile

Life Storage, Inc, formerly Sovran Self Storage, Inc, is a self-administered and self-managed real estate company. The Company acquires, owns and manages self-storage properties. The Company owns its assets and conducts its operations through Life Storage LP (the Operating Partnership) and subsidiaries of the Operating Partnership.

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