Life Storage Inc (NYSE:LSI) has earned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $81.17.

A number of analysts have issued reports on LSI shares. Jefferies Group set a $72.00 price target on Life Storage and gave the stock a “hold” rating in a research note on Friday, August 18th. BidaskClub raised Life Storage from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. KeyCorp reissued a “hold” rating on shares of Life Storage in a research note on Thursday, October 12th. Zacks Investment Research lowered Life Storage from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, B. Riley set a $70.00 price target on Life Storage and gave the stock a “sell” rating in a research note on Monday, December 4th.

Shares of Life Storage (LSI) traded down $0.86 during trading hours on Thursday, reaching $90.21. The company’s stock had a trading volume of 339,183 shares, compared to its average volume of 486,061. 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 12-month low of $69.00 and a 12-month high of $91.75. The firm has a market cap of $4,220.00, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 3.83 and a beta of 0.64.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. lifted its stake in shares of Life Storage by 0.8% in the 2nd quarter. Westwood Holdings Group Inc. now owns 9,770 shares of the real estate investment trust’s stock valued at $724,000 after purchasing an additional 75 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Life Storage by 1.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,914 shares of the real estate investment trust’s stock valued at $1,031,000 after purchasing an additional 210 shares in the last quarter. BB&T Securities LLC lifted its stake in shares of Life Storage by 3.3% in the 2nd quarter. BB&T Securities LLC now owns 7,089 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 228 shares in the last quarter. M&T Bank Corp lifted its stake in shares of Life Storage by 9.4% in the 2nd quarter. M&T Bank Corp now owns 3,246 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 278 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in shares of Life Storage by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 19,600 shares of the real estate investment trust’s stock valued at $1,452,000 after purchasing an additional 300 shares in the last quarter. 96.75% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Life Storage (NYSE:LSI)

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