JustInvest LLC Purchases 141 Shares of Life Storage, Inc. (NYSE:LSI)

JustInvest LLC lifted its position in Life Storage, Inc. (NYSE:LSI) by 4.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 3,180 shares of the real estate investment trust’s stock after purchasing an additional 141 shares during the quarter. JustInvest LLC’s holdings in Life Storage were worth $365,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LSI. First Trust Advisors LP grew its holdings in shares of Life Storage by 615.6% in the 1st quarter. First Trust Advisors LP now owns 63,199 shares of the real estate investment trust’s stock worth $6,147,000 after purchasing an additional 54,368 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in Life Storage by 57.5% during the 2nd quarter. Rafferty Asset Management LLC now owns 6,040 shares of the real estate investment trust’s stock worth $648,000 after acquiring an additional 2,205 shares during the last quarter. Citigroup Inc. grew its holdings in Life Storage by 21.1% during the 2nd quarter. Citigroup Inc. now owns 154,346 shares of the real estate investment trust’s stock worth $16,569,000 after acquiring an additional 26,875 shares during the last quarter. Cibc World Markets Corp grew its holdings in Life Storage by 265.1% during the 2nd quarter. Cibc World Markets Corp now owns 29,583 shares of the real estate investment trust’s stock worth $3,176,000 after acquiring an additional 21,480 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Life Storage by 3.1% during the 2nd quarter. Principal Financial Group Inc. now owns 267,332 shares of the real estate investment trust’s stock worth $28,695,000 after acquiring an additional 8,106 shares during the last quarter. 89.83% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE LSI opened at $138.80 on Friday. The firm has a market capitalization of $11.38 billion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 6.66 and a beta of 0.45. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.69. Life Storage, Inc. has a 1 year low of $79.33 and a 1 year high of $154.45. The firm’s 50-day moving average is $139.88 and its 200-day moving average is $127.22.

Life Storage (NYSE:LSI) last announced its quarterly earnings results on Tuesday, November 2nd. The real estate investment trust reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.39). Life Storage had a net margin of 29.53% and a return on equity of 8.17%. During the same quarter last year, the company earned $1.01 earnings per share. As a group, equities research analysts anticipate that Life Storage, Inc. will post 5.01 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 26th. Investors of record on Friday, January 14th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.88%. This is an increase from Life Storage’s previous quarterly dividend of $0.86. The ex-dividend date is Thursday, January 13th. Life Storage’s dividend payout ratio (DPR) is currently 121.56%.

A number of brokerages have commented on LSI. KeyCorp increased their price objective on shares of Life Storage from $146.00 to $160.00 and gave the stock an “overweight” rating in a report on Thursday. Zacks Investment Research raised shares of Life Storage from a “hold” rating to a “buy” rating and set a $149.00 price objective on the stock in a report on Wednesday, November 17th. Raymond James increased their price objective on shares of Life Storage from $135.00 to $145.00 and gave the stock an “outperform” rating in a report on Thursday, December 2nd. Evercore ISI reaffirmed a “buy” rating and issued a $145.00 target price on shares of Life Storage in a research note on Friday, October 22nd. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Life Storage in a research note on Friday, November 5th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $143.70.

In related news, CFO Andrew J. Gregoire sold 7,500 shares of the stock in a transaction that occurred on Monday, November 29th. The shares were sold at an average price of $134.66, for a total value of $1,009,950.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director David L. Rogers sold 25,000 shares of the stock in a transaction that occurred on Tuesday, November 16th. The shares were sold at an average price of $131.18, for a total transaction of $3,279,500.00. The disclosure for this sale can be found here. Insiders sold a total of 51,500 shares of company stock worth $6,947,560 over the last quarter. 0.90% of the stock is currently owned by corporate insiders.

About Life Storage

Life Storage, Inc is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. It offers commercial, vehicle, and wine storage services. The company was founded by Robert J. Attea, David L. Rogers, Kenneth F. Myszka, and Charles E. Lannon in 1982 and is headquartered in Buffalo, NY.

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Institutional Ownership by Quarter for Life Storage (NYSE:LSI)

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