Jefferies (NYSE:JEF) analyst Jonathan Petersen maintained a Buy rating on Life Storage (NYSE:LSI) Inc on Monday, setting a price target of $107, which is approximately 3.79% above the present share price of $103.09.
Petersen expects Life Storage Inc to post earnings per share (EPS) of $0.78 for the third quarter of 2020.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Life Storage, with an average price target of $104.13.
The analysts price targets range from a high of $115 to a low of $91.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $146.94 million and a net profit of $55.45 million. The company's market cap is $4.84 billion.
According to TipRanks.com, Jefferies analyst Jonathan Petersen is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.2% and a 72.59% success rate.
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 (NYSE:ROG), Kenneth F. Myszka, and Charles E. Lannon in 1982 and is headquartered in Buffalo, NY.