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.

Several institutional investors and hedge funds have recently modified their holdings of the company. Westwood Holdings Group Inc. increased 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 during the last quarter. Ameritas Investment Partners Inc. increased 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 during the last quarter. BB&T Securities LLC increased 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 during the last quarter. M&T Bank Corp increased 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 during the last quarter. Finally, Arizona State Retirement System increased 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 during the last quarter. Institutional investors own 96.75% of the company’s stock.

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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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