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.

ILLEGAL ACTIVITY WARNING: “Life Storage (LSI) PT Set at $86.00 by Jefferies Group” was originally published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/12/02/life-storage-lsi-pt-set-at-86-00-by-jefferies-group.html.

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)

Receive News & Ratings for Life Storage Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Storage Inc. and related companies with MarketBeat.com's FREE daily email newsletter.