SunTrust Banks reaffirmed their hold rating on shares of Life Storage (NYSE:LSI) in a research note released on Monday morning. The firm currently has a $95.00 target price on the real estate investment trust’s stock. SunTrust Banks also issued estimates for Life Storage’s Q4 2018 earnings at $1.38 EPS, FY2019 earnings at $5.64 EPS, FY2020 earnings at $5.79 EPS, FY2021 earnings at $5.99 EPS and FY2022 earnings at $6.20 EPS.

A number of other equities analysts have also recently issued reports on LSI. ValuEngine cut Life Storage from a buy rating to a hold rating in a report on Wednesday, June 13th. Zacks Investment Research upgraded Life Storage from a hold rating to a buy rating and set a $109.00 price target on the stock in a report on Thursday, July 5th. Citigroup increased their price target on Life Storage from $83.00 to $100.00 and gave the stock a neutral rating in a report on Thursday, July 12th. Bank of America increased their price target on Life Storage from $98.00 to $100.00 and gave the stock a neutral rating in a report on Monday, July 16th. Finally, Jefferies Financial Group set a $95.00 price target on Life Storage and gave the stock a hold rating in a report on Tuesday, July 17th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Hold and an average target price of $92.25.

Life Storage stock opened at $94.25 on Monday. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 3.86 and a beta of 0.40. Life Storage has a 52-week low of $76.42 and a 52-week high of $102.91. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.86.

Life Storage (NYSE:LSI) last posted its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.50). The business had revenue of $138.00 million for the quarter, compared to the consensus estimate of $135.97 million. Life Storage had a return on equity of 6.53% and a net margin of 24.04%. Life Storage’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 earnings per share. sell-side analysts forecast that Life Storage will post 5.47 EPS for the current year.

Institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Hong Kong Ltd bought a new position in shares of Life Storage in the 2nd quarter worth $104,000. Steward Partners Investment Advisory LLC lifted its holdings in shares of Life Storage by 333.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,300 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 1,000 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in shares of Life Storage in the 2nd quarter worth $145,000. Sumitomo Mitsui Asset Management Company LTD bought a new position in shares of Life Storage in the 2nd quarter worth $206,000. Finally, Hudson Valley Investment Advisors Inc. ADV bought a new position in shares of Life Storage in the 2nd quarter worth $208,000. Institutional investors own 94.25% of the company’s stock.

Life Storage Company Profile

Life Storage, Inc is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Located in Buffalo, New York, the Company operates more than 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month.

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Analyst Recommendations for Life Storage (NYSE:LSI)

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