Life Storage (LSI) Rating Lowered to Sell at UBS
Life Storage (NYSE:LSI) was downgraded by stock analysts at UBS from a “neutral” rating to a “sell” rating in a research note issued on Friday. They currently have a $75.00 price objective on the real estate investment trust’s stock. UBS’s price objective would indicate a potential downside of 16.93% from the stock’s previous close.
A number of other equities analysts have also commented on the company. Citigroup lowered Life Storage from a “buy” rating to a “neutral” rating and set a $95.00 price objective on the stock. in a research note on Thursday. B. Riley set a $70.00 price objective on Life Storage and gave the stock a “sell” rating in a research note on Monday, December 4th. Wells Fargo & Company set a $91.00 price objective on Life Storage and gave the stock a “hold” rating in a research note on Thursday, November 30th. Jefferies Group set a $86.00 price objective on Life Storage and gave the stock a “hold” rating in a research note on Tuesday, November 28th. Finally, SunTrust Banks restated a “hold” rating and set a $80.00 price objective on shares of Life Storage in a research note on Friday, November 24th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $81.79.
Life Storage (LSI) opened at $90.28 on Friday. Life Storage has a 52 week low of $69.00 and a 52 week high of $91.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $4,201.36, a price-to-earnings ratio of 17.07, a price-to-earnings-growth ratio of 3.80 and a beta of 0.64.
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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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