Should Life Storage Inc (NYSE:LSI) Shares Be Watched After BMO Capital Initiates Coverage?

September 17, 2017 - By Michael Collier

 Should Life Storage Inc (NYSE:LSI) Shares Be Watched After BMO Capital Initiates Coverage?

Why Has BMO Capital Given Life Storage Inc (NYSE:LSI) a $73.0 Price Target

BMO Capital has just issued a “Sell” rating for Life Storage Inc (NYSE:LSI) shares. The firm has started coverage on shares of LSI in an analyst note revealed to investors and clients on Monday, 11 September. This target suggests downside of -9.43 % from the current price of Life Storage Inc (NYSE:LSI).

Life Storage Inc (NYSE:LSI) Ratings Coverage

Among 11 analysts covering LSI Corporation (NYSE:LSI), 1 have Buy rating, 3 Sell and 7 Hold. Therefore 9% are positive. LSI Corporation has $105 highest and $70.0 lowest target. $79’s average target is -1.99% below currents $80.6 stock price. LSI Corporation had 19 analyst reports since September 9, 2016 according to SRatingsIntel. The stock of Life Storage Inc (NYSE:LSI) has “Sell” rating given on Tuesday, September 12 by FBR Capital. As per Friday, January 20, the company rating was downgraded by Suntrust Robinson. As per Friday, January 20, the company rating was downgraded by SunTrust. On Thursday, August 17 the stock rating was maintained by Jefferies with “Hold”. The stock of Life Storage Inc (NYSE:LSI) has “Hold” rating given on Monday, June 12 by Jefferies. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, March 23 report. FBR Capital maintained Life Storage Inc (NYSE:LSI) rating on Friday, May 5. FBR Capital has “Hold” rating and $79 target. Cantor Fitzgerald downgraded Life Storage Inc (NYSE:LSI) on Friday, May 5 to “Neutral” rating. On Thursday, November 3 the stock rating was maintained by FBR Capital with “Mkt Perform”. The stock of Life Storage Inc (NYSE:LSI) earned “Sell” rating by BMO Capital Markets on Monday, September 11.

The stock increased 0.55% or $0.44 on September 15, reaching $80.6. About 671,044 shares traded or 3.66% up from the average. Life Storage Inc (NYSE:LSI) has declined 27.61% since September 17, 2016 and is downtrending. It has underperformed by 44.31% the S&P500.

Analysts expect (:) to report $1.35 EPS on November, 1.They anticipate $0.01 EPS change or 0.75 % from last quarter’s $1.34 EPS. After having $1.33 EPS previously, ‘s analysts see 1.50 % EPS growth.

Life Storage, Inc., formerly Sovran Self Storage, Inc., is a self-administered and self-managed real estate company. The company has market cap of $3.75 billion. The Firm acquires, owns and manages self-storage properties. It has a 70.46 P/E ratio. The Firm owns its assets and conducts its activities through Life Storage LP and subsidiaries of the Operating Partnership.

More important recent Life Storage Inc (NYSE:LSI) news were published by: Businesswire.com which released: “Life Storage, Inc. to Present at Bank of America Merrill Lynch 2017 Global …” on September 07, 2017, also Businesswire.com published article titled: “Life Storage, Inc. Provides Hurricane Harvey Update”, Barrons.com published: “Life Storage Set to Top Extra Space” on September 12, 2017. More interesting news about Life Storage Inc (NYSE:LSI) was released by: Nasdaq.com and their article: “Life Storage Reaches Analyst Target Price” with publication date: September 06, 2017.

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