Public Employees Retirement Association of Colorado Sells 9 Shares of Life Storage, Inc. (LSI)

Public Employees Retirement Association of Colorado decreased its position in shares of Life Storage, Inc. (NYSE:LSI) by 0.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,334 shares of the real estate investment trust’s stock after selling 9 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Life Storage were worth $840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Creative Planning boosted its position in shares of Life Storage by 2.6% in the first quarter. Creative Planning now owns 2,410 shares of the real estate investment trust’s stock worth $198,000 after buying an additional 60 shares during the period. Bank of Montreal Can boosted its position in shares of Life Storage by 2.3% in the first quarter. Bank of Montreal Can now owns 14,028 shares of the real estate investment trust’s stock worth $1,153,000 after buying an additional 315 shares during the period. Capstone Asset Management Co. boosted its position in shares of Life Storage by 9.2% in the first quarter. Capstone Asset Management Co. now owns 5,483 shares of the real estate investment trust’s stock worth $450,000 after buying an additional 460 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Life Storage by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the real estate investment trust’s stock worth $961,000 after buying an additional 200 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of Life Storage by 9.3% in the first quarter. Nisa Investment Advisors LLC now owns 8,525 shares of the real estate investment trust’s stock worth $700,000 after buying an additional 725 shares during the period. 96.56% of the stock is currently owned by hedge funds and other institutional investors.

Life Storage, Inc. (LSI) opened at 72.56 on Friday. The firm has a market capitalization of $3.36 billion, a PE ratio of 63.48 and a beta of 0.56. The stock’s 50 day moving average is $72.90 and its 200-day moving average is $78.74. Life Storage, Inc. has a 52-week low of $69.00 and a 52-week high of $95.05.

Life Storage (NYSE:LSI) last announced its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.35 by $0.02. The company had revenue of $132.78 million for the quarter, compared to the consensus estimate of $132.62 million. Life Storage had a return on equity of 2.56% and a net margin of 10.28%. The firm’s revenue for the quarter was up 24.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.32 EPS. Equities analysts expect that Life Storage, Inc. will post $1.87 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 26th. Shareholders of record on Monday, July 17th were given a dividend of $1.00 per share. The ex-dividend date was Thursday, July 13th. This represents a $4.00 dividend on an annualized basis and a yield of 5.51%. Life Storage’s payout ratio is currently 347.83%.

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A number of research analysts have weighed in on LSI shares. Zacks Investment Research cut shares of Life Storage from a “hold” rating to a “sell” rating in a research report on Monday, April 24th. FBR & Co set a $79.00 price target on shares of Life Storage and gave the company a “hold” rating in a research report on Thursday, May 4th. Cantor Fitzgerald cut shares of Life Storage from an “overweight” rating to a “neutral” rating and set a $78.00 price target on the stock. in a research report on Friday, May 5th. Bank of America Corporation cut shares of Life Storage from a “buy” rating to a “neutral” rating and set a $82.00 price target on the stock. in a research report on Tuesday, May 9th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $92.00 price target (down from $100.00) on shares of Life Storage in a research report on Sunday, May 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Life Storage presently has an average rating of “Hold” and a consensus target price of $81.45.

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.

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

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