Life Storage with ticker code (LSI) now have 12 analysts in total covering the stock. The consensus rating is pointing to ‘Buy’. The range between the high target price and low target price is between 141 and 101 calculating the average target price we see $126.92. Now with the previous closing price of $120.28 this would indicate that there is a potential upside of 5.5%. The 50 day moving average now sits at $113.48 and the 200 moving average now moves to $113.44. The market capitalization for the company is $10,195m. You can visit the company’s website by visiting: https://www.lifestorage.com
The potential market cap would be $10,757m based on the market consensus.
Life Storage is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self-storage facilities. Located in Buffalo, New York, the Company operates more than 900 storage facilities in 30 states and in the province of Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month. Life Storage consistently provides responsive service to approximately 500,000 customers, making it a leader in the industry.
The company has a dividend yield of 4.04% with the ex dividend date set at 12-1-2023 (DMY).
Other points of data to note are a P/E ratio of 27.73, revenue per share of 12.42 and a 4.2% return on assets.
