Life Storage Inc (LSI) Receives $81.17 Consensus PT from Analysts

Shares of Life Storage Inc (NYSE:LSI) have received an average rating of “Hold” from the eighteen research firms that are currently covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $81.17.

Several equities analysts recently weighed in on LSI shares. BMO Capital Markets reissued a “sell” rating and issued a $73.00 target price on shares of Life Storage in a research note on Thursday, November 2nd. DA Davidson raised their target price on shares of Life Storage to $85.00 and gave the company a “neutral” rating in a research note on Friday, November 3rd. Zacks Investment Research raised shares of Life Storage from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Friday, November 3rd. B. Riley reaffirmed a “sell” rating on shares of Life Storage in a research report on Wednesday, November 1st. Finally, BidaskClub cut shares of Life Storage from a “hold” rating to a “sell” rating in a research report on Saturday, September 2nd.

Life Storage (NYSE:LSI) traded down $2.25 during trading hours on Thursday, hitting $88.24. 458,760 shares of the company traded hands, compared to its average volume of 487,748. Life Storage has a twelve month low of $69.00 and a twelve month high of $91.75. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4,201.34, a PE ratio of 17.07, a PEG ratio of 3.80 and a beta of 0.64.

A number of hedge funds have recently added to or reduced their stakes in LSI. Advisor Group Inc. boosted its position in shares of Life Storage by 14.9% in the second quarter. Advisor Group Inc. now owns 2,986 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 387 shares during the period. Perigon Wealth Management LLC boosted its position in shares of Life Storage by 34.0% in the second quarter. Perigon Wealth Management LLC now owns 3,150 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 800 shares during the period. M&T Bank Corp boosted its position in shares of Life Storage by 9.4% in the second quarter. M&T Bank Corp now owns 3,246 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 278 shares during the period. Shelton Capital Management bought a new stake in shares of Life Storage in the second quarter valued at about $255,000. Finally, Daiwa Securities Group Inc. boosted its position in shares of Life Storage by 16.7% in the second quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the real estate investment trust’s stock valued at $311,000 after acquiring an additional 600 shares during the period. 99.63% of the stock is owned by hedge funds and other institutional investors.

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About Life Storage

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.

Analyst Recommendations for Life Storage (NYSE:LSI)

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