Life Storage Inc. (NYSE:LSI) traded today at a new 52-week high of $112.17. This new high was reached on below average trading volume as 151,000 shares traded hands, while the average 30-day volume is approximately 491,000 shares.
In the past 52 weeks, Life Storage Inc. share prices are bracketed by a low of $60.95 and a high of $112.17 and is now at $111.96, 84% above that low price.
Life Storage Inc. (NYSE:LSI) defies analysts with a current price ($111.96) 10.8% above its average consensus price target of $99.83.
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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