KeyBanc has raised its target price by $ 4 on Life Storage, Inc. (NYSE:LSI) to $ 110.00 from the previous mark of $ 106.00, suggesting the upside potential of more than 4.33 percent from the existing levels. However, the brokerage has maintained its Overweight rating on the stock, Benzinga reported.
Shares of Life Storage, Inc. traded up $ 0.97 or 0.92 percent on Tuesday, reaching $ 106.40 with volume of 136.70 thousand shares. The stock opened for the day at $ 105.43, after closing the previous day trading at $ 105.43. According to the previous trading day, closing price of $ 105.43, representing a 56.63 % increase from the 52 week low of $ 67.31 and a 11.86 % decrease over the 52 week high of $ 119.61.
With respect to the key metrics, Life Storage, Inc. stock has advanced $ 9.47 or 10.00 percent, reaching $ 96.93 during the simple moving average (SMA) period of 200 days. Similarly, the stock has increased $ 7.14 or 7.00 percent, before arriving at $ 99.26 during the SMA50-day period.
Life Storage, Inc. 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 750 storage facilities in 28 states and Ontario, Canada.
