Shares of Life Storage Inc. (NYSE:LSI) traded today at $114.69, eclipsing its 52-week high. Approximately 57,000 shares have changed hands today, as compared to an average 30-day volume of 541,000 shares.
Based on a current price of $114.13, Life Storage Inc. is currently 12.5% above its average consensus analyst price target of $99.83.
Life Storage Inc. share prices have moved between a 52-week high of $114.69 and a 52-week low of $60.95 and are now trading 87% above that low price at $114.13 per share.
Life Storage, Inc (which was rebranded from Sovran Self Storage, Inc in 2016) is a fully integrated, real estate investment trust that acquires and manages self-storage properties throughout the United States. The company operates under the brand names Life Storage. Approximately under half of the company’s revenue is derived from stores in the states of Texas and Florida. The remainder of sales is distributed across the United States. The company’s operations in rental income from customers renting storage space on a month-to-month basis generates a majority of operating revenue. The company also offers storage to both individual of commercial renters and has special storage units available for vehicles and wine.
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