Life Storage (NYSE:LSI) PT Raised to $145.00

Life Storage (NYSE:LSI – Get Rating) had its price target lifted by equities research analysts at Stifel Nicolaus from $140.00 to $145.00 in a research report issued on Friday, The Fly reports. Stifel Nicolaus’ price objective indicates a potential upside of 7.16% from the stock’s previous close.

LSI has been the subject of a number of other research reports. Raymond James boosted their target price on Life Storage from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Tuesday, April 4th. Wolfe Research lowered Life Storage from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 12th. Citigroup lowered Life Storage from a “buy” rating to a “neutral” rating and set a $126.00 target price for the company. in a research note on Wednesday, February 8th. Truist Financial boosted their target price on Life Storage from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, March 8th. Finally, KeyCorp boosted their target price on Life Storage from $136.00 to $154.00 and gave the company an “overweight” rating in a research note on Wednesday, April 5th. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $129.00.

Life Storage Price Performance

LSI opened at $135.31 on Friday. The stock has a 50-day moving average price of $131.86 and a 200-day moving average price of $116.23. Life Storage has a 12-month low of $94.02 and a 12-month high of $146.66. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $11.51 billion, a P/E ratio of 31.39 and a beta of 0.65.

Institutional Trading of Life Storage

Institutional investors have recently added to or reduced their stakes in the business. Graham Capital Wealth Management LLC purchased a new stake in Life Storage during the 1st quarter valued at $245,138,000. Brown Brothers Harriman & Co. bought a new position in shares of Life Storage during the 1st quarter valued at $32,000. Point72 Hong Kong Ltd bought a new position in shares of Life Storage during the 1st quarter valued at $38,000. ST Germain D J Co. Inc. bought a new position in shares of Life Storage during the 4th quarter valued at $28,000. Finally, Raleigh Capital Management Inc. lifted its holdings in shares of Life Storage by 148.5% during the 4th quarter. Raleigh Capital Management Inc. now owns 333 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 199 shares during the period. 89.61% of the stock is currently owned by hedge funds and other institutional investors.

Life Storage Company Profile

(Get Rating)

Life Storage, Inc is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. It offers commercial, vehicle, and wine storage services. The company was founded by Robert J. Attea, David L. Rogers, Kenneth F. Myszka, and Charles E. Lannon in 1982 and is headquartered in Buffalo, NY.