Life Storage (LSI) Given a $70.00 Price Target by B. Riley Analysts
B. Riley set a $70.00 target price on Life Storage (NYSE:LSI) in a research report sent to investors on Monday. The brokerage currently has a sell rating on the real estate investment trust’s stock. B. Riley also issued estimates for Life Storage’s Q4 2017 earnings at $1.28 EPS, FY2017 earnings at $5.25 EPS, Q1 2018 earnings at $1.29 EPS, Q2 2018 earnings at $1.38 EPS, Q3 2018 earnings at $1.46 EPS, Q4 2018 earnings at $1.25 EPS, FY2018 earnings at $5.38 EPS, Q1 2019 earnings at $1.23 EPS, Q2 2019 earnings at $1.32 EPS and Q3 2019 earnings at $1.42 EPS.
A number of other brokerages have also commented on LSI. Jefferies Group set a $72.00 price target on Life Storage and gave the company a hold rating in a report on Friday, August 18th. BidaskClub raised Life Storage from a hold rating to a buy rating in a report on Monday, September 18th. KeyCorp reissued a hold rating on shares of Life Storage in a report on Thursday, October 12th. Zacks Investment Research lowered Life Storage from a buy rating to a hold rating in a report on Tuesday, November 7th. Finally, Cantor Fitzgerald raised their price target on Life Storage from $73.00 to $81.00 and gave the company a neutral rating in a report on Friday, November 10th. Four equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of $81.07.
Shares of Life Storage (NYSE:LSI) traded up $0.45 during midday trading on Monday, reaching $90.67. The company’s stock had a trading volume of 348,200 shares, compared to its average volume of 489,067. The firm has a market capitalization of $4,220.00, a price-to-earnings ratio of 17.06, a PEG ratio of 3.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.19 and a quick ratio of 0.19. Life Storage has a 1 year low of $69.00 and a 1 year high of $91.25.
A number of hedge funds have recently made changes to their positions in LSI. Russell Investments Group Ltd. boosted its stake in Life Storage by 15.4% during the second quarter. Russell Investments Group Ltd. now owns 159,663 shares of the real estate investment trust’s stock valued at $11,840,000 after buying an additional 21,329 shares in the last quarter. ING Groep NV bought a new position in Life Storage during the second quarter valued at about $419,000. Janney Montgomery Scott LLC boosted its stake in Life Storage by 7.3% during the second quarter. Janney Montgomery Scott LLC now owns 6,115 shares of the real estate investment trust’s stock valued at $453,000 after buying an additional 416 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Life Storage by 16.7% during 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 buying an additional 600 shares in the last quarter. Finally, Texas Permanent School Fund boosted its stake in Life Storage by 0.9% during the second quarter. Texas Permanent School Fund now owns 33,947 shares of the real estate investment trust’s stock valued at $2,515,000 after buying an additional 289 shares in the last quarter. 96.75% of the stock is owned by institutional investors and hedge funds.
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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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