|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||109.46 - 111.54|
|52 Week Range||100.66 - 154.45|
|Beta (5Y Monthly)||0.54|
|PE Ratio (TTM)||52.00|
|Earnings Date||Oct 31, 2022 - Nov 04, 2022|
|Forward Dividend & Yield||4.32 (3.43%)|
|Ex-Dividend Date||Jul 14, 2022|
|1y Target Est||141.55|
Life Storage (LSI) possesses solid growth attributes, which could help it handily outperform the market.
Life Storage (LSI) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
With borrowing costs and inflationary pressures rising, the near-term outlook is cloudy. Investors have been flocking to real estate investment trusts (REITs) as safe havens with decent yields, but some are better suited to handle an economic downturn than others. Realty Income (NYSE: O), Tanger Factory Outlet Centers (NYSE: SKT), and Life Storage (NYSE: LSI) are three REITs that I think can weather the next recessionary storm.