Evercore ISI Remains a Buy on Life Storage (LSI)

Evercore ISI analyst Steve Sakwa maintained a Buy rating on Life Storage (LSIResearch Report) on July 10 and set a price target of $130.00. The company’s shares closed last Thursday at $117.13.

According to TipRanks.com, Sakwa is a 2-star analyst with an average return of -0.1% and a 46.6% success rate. Sakwa covers the Financial sector, focusing on stocks such as Corporate Office Properties, National Storage Affiliates, and Healthpeak Properties.

Life Storage has an analyst consensus of Moderate Buy, with a price target consensus of $131.88, a 13.3% upside from current levels. In a report issued on June 30, Jefferies also maintained a Buy rating on the stock with a $127.00 price target.

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Life Storage’s market cap is currently $9.91B and has a P/E ratio of 34.37.

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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.

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