Life Storage (NYSE:LSI) has been given a $70.00 price target by equities researchers at B. Riley in a research report issued on Monday. The brokerage currently has a “sell” rating on the real estate investment trust’s stock. B. Riley’s target price would indicate a potential downside of 22.34% from the stock’s current price. 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.

LSI has been the topic of a number of other reports. BMO Capital Markets reaffirmed a “sell” rating and set a $73.00 target price on shares of Life Storage in a report on Thursday, November 2nd. UBS reaffirmed a “neutral” rating and set a $75.00 target price (down from $80.00) on shares of Life Storage in a report on Wednesday, August 9th. Evercore ISI reaffirmed an “underperform” rating and set a $76.00 target price (up from $71.00) on shares of Life Storage in a report on Thursday, September 14th. Wells Fargo & Company set a $91.00 target price on Life Storage and gave the stock a “hold” rating in a report on Thursday, November 30th. Finally, Zacks Investment Research raised Life Storage from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a report on Friday, November 3rd. Four investment 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 stock. The stock presently has an average rating of “Hold” and an average target price of $81.07.

Shares of Life Storage (NYSE LSI) opened at $90.14 on Monday. Life Storage has a one year low of $69.00 and a one year high of $91.27. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.85. The firm has a market cap of $4,219.49, a PE ratio of 17.14, a P/E/G ratio of 3.81 and a beta of 0.64.

A number of institutional investors and hedge funds have recently modified their holdings of LSI. Advisor Group Inc. increased its stake in Life Storage by 14.9% in the 2nd quarter. Advisor Group Inc. now owns 2,986 shares of the real estate investment trust’s stock worth $221,000 after purchasing an additional 387 shares in the last quarter. Perigon Wealth Management LLC increased its stake in Life Storage by 34.0% in the 2nd quarter. Perigon Wealth Management LLC now owns 3,150 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 800 shares in the last quarter. M&T Bank Corp increased its stake in 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 worth $241,000 after purchasing an additional 278 shares in the last quarter. Shelton Capital Management purchased a new position in Life Storage in the 2nd quarter worth about $255,000. Finally, Daiwa Securities Group Inc. increased its stake in Life Storage by 16.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the real estate investment trust’s stock worth $311,000 after purchasing an additional 600 shares in the last quarter. 96.75% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Life Storage (NYSE:LSI)

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