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.
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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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