Press coverage about Life Storage (NYSE:LSI) has trended somewhat positive recently, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Life Storage earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 46.6916765691566 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
LSI has been the topic of a number of recent analyst reports. Evercore ISI reiterated an “underperform” rating and issued a $76.00 price objective (up from $71.00) on shares of Life Storage in a research note on Thursday, September 14th. B. Riley restated a “sell” rating on shares of Life Storage in a research note on Wednesday, November 1st. BidaskClub upgraded Life Storage from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 7th. Zacks Investment Research upgraded Life Storage from a “sell” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, BMO Capital Markets started coverage on Life Storage in a research note on Monday, September 11th. They set an “underperform” rating and a $73.00 price target on the stock. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $81.07.
Life Storage (NYSE LSI) traded down $0.42 during mid-day trading on Thursday, hitting $89.48. The stock had a trading volume of 302,001 shares, compared to its average volume of 487,492. Life Storage has a 52 week low of $69.00 and a 52 week high of $91.27. The company has a market cap of $4,194.83, a price-to-earnings ratio of 17.04, a P/E/G ratio of 3.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.19 and a current ratio of 0.19.
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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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