Life Storage (NYSE:LSI) Coverage Initiated at StockNews.com

Posted by on May 5th, 2023

Investment analysts at StockNews.com started coverage on shares of Life Storage (NYSE:LSI – Get Rating) in a research note issued on Friday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on LSI. KeyCorp boosted their target price on shares of Life Storage from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Wednesday, April 5th. Wolfe Research downgraded shares of Life Storage from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. Citigroup downgraded shares of Life Storage from a “buy” rating to a “neutral” rating and set a $126.00 target price for the company. in a research report on Wednesday, February 8th. Raymond James boosted their target price on shares of Life Storage from $140.00 to $145.00 and gave the company an “outperform” rating in a research report on Tuesday, April 4th. Finally, Truist Financial upped their price objective on shares of Life Storage from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, March 8th. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $127.22.

Life Storage Price Performance

Shares of LSI opened at $132.91 on Friday. The firm has a market capitalization of $11.31 billion, a PE ratio of 31.42 and a beta of 0.65. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.34 and a quick ratio of 0.34. Life Storage has a 1-year low of $94.02 and a 1-year high of $146.66. The company’s fifty day moving average price is $130.14 and its 200-day moving average price is $114.76.

Institutional Trading of Life Storage

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Life Storage by 2.3% in the 1st quarter. Vanguard Group Inc. now owns 12,423,958 shares of the real estate investment trust’s stock valued at $1,744,696,000 after buying an additional 278,315 shares during the period. State Street Corp boosted its position in Life Storage by 13.9% in the 1st quarter. State Street Corp now owns 4,499,491 shares of the real estate investment trust’s stock valued at $631,864,000 after buying an additional 547,484 shares during the period. Norges Bank purchased a new position in Life Storage in the 4th quarter valued at approximately $295,752,000. Invesco Ltd. boosted its position in Life Storage by 10.9% in the 1st quarter. Invesco Ltd. now owns 2,604,656 shares of the real estate investment trust’s stock valued at $365,771,000 after buying an additional 256,549 shares during the period. Finally, Centersquare Investment Management LLC boosted its position in Life Storage by 18.5% in the 1st quarter. Centersquare Investment Management LLC now owns 2,478,966 shares of the real estate investment trust’s stock valued at $348,121,000 after buying an additional 386,710 shares during the period. Hedge funds and other institutional investors own 89.61% of the company’s stock.

About Life Storage

(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.

Featured Stories

Analyst Recommendations for Life Storage (NYSE:LSI)

Receive News & Ratings for Life Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Storage and related companies with MarketBeat.com's FREE daily email newsletter.