Forsta AP Fonden lessened its holdings in Life Storage Inc (NYSE:LSI) by 29.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,400 shares of the real estate investment trust’s stock after selling 7,100 shares during the quarter. Forsta AP Fonden’s holdings in Life Storage were worth $1,550,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Solaris Asset Management LLC purchased a new position in shares of Life Storage during the fourth quarter worth about $112,000. Acadian Asset Management LLC purchased a new position in shares of Life Storage during the fourth quarter worth about $131,000. Perigon Wealth Management LLC grew its holdings in shares of Life Storage by 34.0% during the second quarter. Perigon Wealth Management LLC now owns 3,150 shares of the real estate investment trust’s stock worth $233,000 after purchasing an additional 800 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in shares of Life Storage by 145.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,877 shares of the real estate investment trust’s stock worth $478,000 after purchasing an additional 3,484 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Life Storage during the third quarter worth about $489,000.
Several brokerages have issued reports on LSI. BMO Capital Markets reaffirmed a “sell” rating and set a $73.00 price objective on shares of Life Storage in a report on Thursday, November 2nd. Wells Fargo & Co set a $91.00 price objective on Life Storage and gave the stock a “hold” rating in a report on Thursday, November 30th. Zacks Investment Research raised Life Storage from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a report on Friday, November 3rd. B. Riley set a $70.00 price objective on Life Storage and gave the stock a “sell” rating in a report on Tuesday, November 14th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $75.00 price objective on shares of Life Storage in a report on Friday, November 3rd. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and one has issued a strong buy rating to the stock. Life Storage currently has a consensus rating of “Hold” and a consensus price target of $81.79.
Shares of Life Storage Inc (NYSE:LSI) opened at $78.83 on Friday. Life Storage Inc has a 12 month low of $69.00 and a 12 month high of $91.75. The firm has a market cap of $3,668.51, a PE ratio of 14.90, a PEG ratio of 3.15 and a beta of 0.52. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.85.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Stockholders of record on Tuesday, January 16th were paid a dividend of $1.00 per share. The ex-dividend date was Friday, January 12th. This represents a $4.00 annualized dividend and a dividend yield of 5.07%. Life Storage’s dividend payout ratio (DPR) is 199.01%.
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About Life Storage
Life Storage, Inc, formerly Sovran Self Storage, Inc, is a self-administered and self-managed real estate company. The Company acquires, owns and manages self-storage properties. The Company owns its assets and conducts its operations through Life Storage LP (the Operating Partnership) and subsidiaries of the Operating Partnership.
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