In a report issued on August 1, Jeremy Metz from BMO Capital maintained a Hold rating on Life Storage Inc (LSI), with a price target of $90. The company’s shares opened today at $101.01, close to its 52-week high of $102.91.
According to TipRanks.com, Metz is a 1-star analyst with an average return of -2.0% and a 44.3% success rate. Metz covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Monmouth Real Estate Investment, and Retail Opportunity Investments.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Life Storage Inc with a $104 average price target.
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Based on Life Storage Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $40.74 million. In comparison, last year the company had a net profit of $39.27 million.
Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock.
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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.