Life Storage Inc. (NYSE:LSI) traded at a new 52-week high today of $115.30. This new high was reached on below average trading volume as 60,000 shares traded hands, while the average 30-day volume is approximately 524,000 shares.
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.
Life Storage Inc. share prices have moved between a 52-week high of $115.30 and a 52-week low of $60.95 and are now trading 89% above that low price at $115.30 per share.
Life Storage Inc. (NYSE:LSI) is currently priced 8.6% above its average consensus analyst price target of $105.36.
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