Life Storage (LSI) PT Set at $86.00 by Jefferies Group
Jefferies Group set a $86.00 price target on Life Storage (NYSE:LSI) in a research report sent to investors on Tuesday. The brokerage currently has a hold rating on the real estate investment trust’s stock. Jefferies Group also issued estimates for Life Storage’s Q4 2017 earnings at $1.33 EPS, FY2017 earnings at $5.30 EPS, FY2018 earnings at $5.52 EPS and FY2019 earnings at $5.82 EPS.
Several other research firms have also issued reports on LSI. B. Riley set a $70.00 target price on Life Storage and gave the company a sell rating in a report on Tuesday, November 14th. SunTrust Banks reissued a hold rating and set a $80.00 price objective on shares of Life Storage in a report on Friday, November 24th. KeyCorp reissued a hold rating on shares of Life Storage in a report on Sunday, November 19th. Cantor Fitzgerald increased their price objective on Life Storage from $73.00 to $81.00 and gave the company a neutral rating in a report on Friday, November 10th. Finally, Bank of America raised Life Storage from an underperform rating to a neutral rating in a report on Tuesday, November 21st. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $81.07.
Life Storage (NYSE:LSI) opened at $90.22 on Tuesday. The stock has a market capitalization of $4,200.00, a P/E ratio of 16.98, a PEG ratio of 3.78 and a beta of 0.59. 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 twelve month low of $69.00 and a twelve month high of $90.92.
Institutional investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its holdings 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 worth $221,000 after acquiring an additional 387 shares during the period. Perigon Wealth Management LLC boosted its holdings 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 worth $233,000 after acquiring an additional 800 shares during the period. M&T Bank Corp boosted its holdings 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 worth $241,000 after acquiring an additional 278 shares during the period. Shelton Capital Management bought a new position in shares of Life Storage in the second quarter worth $255,000. Finally, LS Investment Advisors LLC boosted its holdings in shares of Life Storage by 14.9% in the second quarter. LS Investment Advisors LLC now owns 3,623 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 470 shares during the period. 96.75% 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.
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