US Bancorp DE reduced its stake in shares of Life Storage, Inc. (NYSE:LSI) by 25.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 13,015 shares of the real estate investment trust’s stock after selling 4,549 shares during the period. US Bancorp DE’s holdings in Life Storage were worth $964,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in LSI. Creative Planning boosted its stake in Life Storage by 2.6% in the first quarter. Creative Planning now owns 2,410 shares of the real estate investment trust’s stock valued at $198,000 after buying an additional 60 shares during the last quarter. Bank of Montreal Can boosted its stake in 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 valued at $1,153,000 after buying an additional 315 shares during the last quarter. Capstone Asset Management Co. boosted its stake in 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 valued at $450,000 after buying an additional 460 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in 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 valued at $961,000 after buying an additional 200 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in 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 valued at $700,000 after buying an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 96.44% of the company’s stock.

Shares of Life Storage, Inc. (NYSE LSI) traded down 0.27% during midday trading on Thursday, hitting $72.77. The stock had a trading volume of 129,454 shares. The company’s 50 day moving average is $73.51 and its 200 day moving average is $79.16. Life Storage, Inc. has a 52 week low of $69.00 and a 52 week high of $95.05. The firm has a market cap of $3.37 billion, a P/E ratio of 63.67 and a beta of 0.56.

Life Storage (NYSE:LSI) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.33 EPS for the quarter, missing the Zacks’ consensus estimate of $1.35 by $0.02. The business 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 business’s revenue was up 24.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.32 earnings per share. On average, equities analysts predict that Life Storage, Inc. will post $2.21 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Investors of record on Monday, July 17th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $4.00 dividend on an annualized basis and a yield of 5.48%. Life Storage’s dividend payout ratio (DPR) is currently 347.83%.

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LSI has been the topic of several research reports. Zacks Investment Research cut Life Storage from a “hold” rating to a “sell” rating in a research note on Monday, April 24th. FBR & Co set a $79.00 target price on Life Storage and gave the company a “hold” rating in a research note on Thursday, May 4th. Cantor Fitzgerald cut Life Storage from an “overweight” rating to a “neutral” rating and set a $78.00 target price on the stock. in a research note on Friday, May 5th. Bank of America Corporation cut Life Storage from a “buy” rating to a “neutral” rating and set a $82.00 target price on the stock. in a research note on Tuesday, May 9th. Finally, Citigroup Inc. restated a “buy” rating and issued a $92.00 target price (down previously from $100.00) on shares of Life Storage in a research note on Sunday, May 14th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $85.00.

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

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