Wolverine Asset Management LLC purchased a new position in shares of Life Storage Inc (NYSE:LSI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,088 shares of the real estate investment trust’s stock, valued at approximately $185,000.
Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Life Storage by 3.4% during the 4th quarter. BlackRock Inc. now owns 5,170,261 shares of the real estate investment trust’s stock worth $460,516,000 after buying an additional 170,576 shares in the last quarter. APG Asset Management US Inc. increased its holdings in Life Storage by 29.8% in the 4th quarter. APG Asset Management US Inc. now owns 871,000 shares of the real estate investment trust’s stock worth $77,580,000 after purchasing an additional 200,000 shares in the last quarter. Land & Buildings Investment Management LLC acquired a new position in Life Storage in the 3rd quarter worth about $67,395,000. Macquarie Group Ltd. increased its holdings in Life Storage by 8.8% in the 3rd quarter. Macquarie Group Ltd. now owns 771,796 shares of the real estate investment trust’s stock worth $63,141,000 after purchasing an additional 62,544 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Life Storage by 2.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 668,219 shares of the real estate investment trust’s stock worth $54,665,000 after purchasing an additional 17,905 shares in the last quarter.
A number of equities analysts have issued reports on LSI shares. B. Riley set a $70.00 target price on Life Storage and gave the stock a “sell” rating in a report on Wednesday, February 21st. UBS cut Life Storage from a “neutral” rating to a “sell” rating and set a $75.00 target price for the company. in a report on Friday, December 15th. SunTrust Banks reaffirmed a “hold” rating and issued a $80.00 target price on shares of Life Storage in a report on Friday, November 24th. KeyCorp reaffirmed a “hold” rating on shares of Life Storage in a report on Sunday, November 19th. Finally, Citigroup reaffirmed a “hold” rating and issued a $83.00 target price (down previously from $95.00) on shares of Life Storage in a report on Thursday, March 1st. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a strong buy rating to the stock. Life Storage currently has an average rating of “Hold” and a consensus target price of $81.29.
Shares of Life Storage Inc (LSI) opened at $81.75 on Friday. The firm has a market capitalization of $3,766.39, a PE ratio of 39.49, a PEG ratio of 3.23 and a beta of 0.56. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.19 and a quick ratio of 0.19. Life Storage Inc has a one year low of $69.00 and a one year high of $91.75.
Life Storage (NYSE:LSI) last issued its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.03. The company had revenue of $133.08 million during the quarter, compared to analysts’ expectations of $133.46 million. Life Storage had a return on equity of 4.83% and a net margin of 18.19%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.31 earnings per share. sell-side analysts expect that Life Storage Inc will post 5.38 EPS for the current year.
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Life Storage Profile
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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