Time to Reconsider Life Storage, Inc. (LSI) After Touching 52-Week High?

May 13, 2018 - By Louis Casey

The stock of Life Storage, Inc. (NYSE:LSI) hit a new 52-week high and has $98.45 target or 6.00 % above today’s $92.88 share price. The 8 months bullish chart indicates low risk for the $4.33 billion company. The 1-year high was reported on May, 13 by Barchart.com. If the $98.45 price target is reached, the company will be worth $259.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 0.02% or $0.02 during the last trading session, reaching $92.88. About 192,126 shares traded. Life Storage, Inc. (NYSE:LSI) has risen 0.62% since May 13, 2017 and is uptrending. It has underperformed by 10.93% the S&P500.

Life Storage, Inc. (NYSE:LSI) Ratings Coverage

Among 4 analysts covering Life Storage Inc (NYSE:LSI), 0 have Buy rating, 2 Sell and 2 Hold. Therefore 0 are positive. Life Storage Inc had 4 analyst reports since November 14, 2017 according to SRatingsIntel. SunTrust maintained Life Storage, Inc. (NYSE:LSI) rating on Wednesday, November 22. SunTrust has “Hold” rating and $80.0 target. The stock has “Sell” rating by UBS on Friday, December 15. The firm has “Hold” rating by Bank of America given on Tuesday, November 21.

More important recent Life Storage, Inc. (NYSE:LSI) news were published by: Benzinga.com which released: “Bank Of America Says It Underestimated REITs’ Execution, Demand” on May 12, 2018, also Businesswire.com published article titled: “Life Storage, Inc. Reports First Quarter 2018 Results; Raises Same Store Outlook for 2018”, Globenewswire.com published: “Consolidated Research: 2018 Summary Expectations for Caseys General Stores, EQT Midstream Partners, LP, Intellia …” on April 25, 2018. More interesting news about Life Storage, Inc. (NYSE:LSI) was released by: Seekingalpha.com and their article: “Life Storage’s (LSI) CEO David Rogers on Q1 2018 Results – Earnings Call Transcript” with publication date: May 05, 2018.

Life Storage, Inc. is a real estate investment trust. The company has market cap of $4.33 billion. It invests in the real estate markets of United States. It has a 44.87 P/E ratio. The firm primarily acquires, owns and manages self-storage properties.

Life Storage, Inc. (NYSE:LSI) Ratings Chart

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