B. Riley set a $70.00 price objective on Life Storage (NYSE:LSI) in a report published on Monday morning. The brokerage currently has a sell rating on the real estate investment trust’s stock. B. Riley also issued estimates for Life Storage’s Q4 2017 earnings at $1.28 EPS, FY2017 earnings at $5.25 EPS, Q1 2018 earnings at $1.29 EPS, Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.46 EPS, Q4 2018 earnings at $1.25 EPS, FY2018 earnings at $5.38 EPS, Q1 2019 earnings at $1.23 EPS, Q2 2019 earnings at $1.32 EPS and Q3 2019 earnings at $1.42 EPS.
Other equities research analysts have also issued research reports about the stock. Citigroup reiterated a buy rating and set a $85.00 price objective (down previously from $98.00) on shares of Life Storage in a research note on Thursday, August 10th. BidaskClub upgraded shares of Life Storage from a hold rating to a buy rating in a research note on Monday, September 18th. Zacks Investment Research upgraded shares of Life Storage from a hold rating to a buy rating and set a $94.00 price objective on the stock in a research note on Friday, November 3rd. Jefferies Group set a $72.00 price objective on shares of Life Storage and gave the stock a hold rating in a research note on Friday, August 18th. Finally, Cantor Fitzgerald reiterated a hold rating and set a $73.00 price objective on shares of Life Storage in a research note on Thursday, September 14th. Four research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $81.07.
Shares of Life Storage (NYSE:LSI) opened at $89.90 on Monday. The firm has a market cap of $4,194.83, a PE ratio of 17.04, a P/E/G ratio of 3.79 and a beta of 0.64. Life Storage has a 12 month low of $69.00 and a 12 month high of $91.27. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.19 and a current ratio of 0.19.
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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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