Citigroup Downgrades Life Storage (LSI) to Neutral
Life Storage (NYSE:LSI) was downgraded by equities researchers at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Thursday. They currently have a $95.00 target price on the real estate investment trust’s stock. Citigroup’s target price would indicate a potential upside of 5.23% from the company’s current price.
A number of other brokerages have also recently commented on LSI. Jefferies Group set a $72.00 target price on Life Storage and gave the company a “hold” rating in a report on Friday, August 18th. BidaskClub upgraded Life Storage from a “hold” rating to a “buy” rating in a report on Monday, September 18th. KeyCorp reiterated a “hold” rating on shares of Life Storage in a report on Thursday, October 12th. Zacks Investment Research cut Life Storage from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Finally, B. Riley set a $70.00 target price on Life Storage and gave the company a “sell” rating in a report on Monday, December 4th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a strong buy rating to the company. Life Storage presently has an average rating of “Hold” and a consensus price target of $81.79.
Shares of Life Storage (LSI) opened at $90.28 on Thursday. The company has a market capitalization of $4,198.08, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 3.79 and a beta of 0.64. The company has a current ratio of 0.19, a quick 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 $91.75.
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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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