SunTrust Robinson Keeps Their Hold Rating on Life Storage Inc

By Carrie Williams

In a report released today, Ki Bin Kim from SunTrust Robinson reiterated a Hold rating on Life Storage Inc (NYSE: LSI), with a price target of $87. The company’s shares opened today at $85.32.

According to TipRanks.com, Kim is a 3-star analyst with an average return of 2.3% and a 52.0% success rate. Kim covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, National Storage Affiliates Trust, and Preferred Apartment Communities.

Life Storage Inc has an analyst consensus of Moderate Sell, with a price target consensus of $77.80.

Based on Life Storage Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $123 million and quarterly net profit of $21.08 million. In comparison, last year the company earned revenue of $130 million and had a net profit of $20.43 million.

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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 also offers truck rental, office and rental space, and vehicle storage. It operates under the trade name Uncle Bob’s Self Storage. The company was founded by Robert J. Attea, David L. Rogers, Kenneth F.