Life Storage Inc. (LSI) PT Raised to $118 at Stifel

June 18, 2021 6:39 AM EDT
Get Alerts LSI Hot Sheet
Price: $115.93 +2.17%

Rating Summary:
    12 Buy, 11 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 12 | New: 23
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Stifel analyst Stephen Manaker raised the price target on Life Storage Inc. (NYSE: LSI) to $118.00 (from $105.00) while maintaining a Buy rating.

The analyst commented, "We are increasing our earnings estimates for LSI and the rest of our self-storage coverage universe. We put out an industry note (Self-Storage REITs - Raising Estimates On Strong Operating Environment) that explains why we are increasing earnings and our thoughts about the current self-storage environment. Details for the model changes for LSI are below. In addition, we are increasing our target price to $118/share, based on a 24.7x multiple on our 2022 FFO estimate."

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