SG Americas Securities LLC cut its holdings in Life Storage, Inc. (NYSE:LSI) by 38.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,494 shares of the real estate investment trust’s stock after selling 9,108 shares during the period. SG Americas Securities LLC’s holdings in Life Storage were worth $1,186,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Westwood Holdings Group Inc. increased its stake in shares of Life Storage by 0.8% in the second quarter. Westwood Holdings Group Inc. now owns 9,770 shares of the real estate investment trust’s stock worth $724,000 after purchasing an additional 75 shares during the period. Capstone Asset Management Co. increased its stake in shares of Life Storage by 3.5% in the second quarter. Capstone Asset Management Co. now owns 5,673 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 190 shares during the period. Ameritas Investment Partners Inc. increased its stake in shares of Life Storage by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 13,914 shares of the real estate investment trust’s stock worth $1,031,000 after purchasing an additional 210 shares during the period. BB&T Securities LLC increased its stake in shares of Life Storage by 3.3% in the second quarter. BB&T Securities LLC now owns 7,089 shares of the real estate investment trust’s stock worth $525,000 after purchasing an additional 228 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Life Storage by 9.4% in the second quarter. M&T Bank Corp now owns 3,246 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 278 shares during the period. Institutional investors and hedge funds own 96.75% of the company’s stock.

Shares of Life Storage, Inc. (NYSE LSI) traded up $0.41 on Friday, reaching $90.22. The company had a trading volume of 452,281 shares, compared to its average volume of 489,662. Life Storage, Inc. has a 1 year low of $69.00 and a 1 year high of $90.92. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4,200.00, a price-to-earnings ratio of 16.74, a price-to-earnings-growth ratio of 3.71 and a beta of 0.59.

A number of equities analysts have recently commented on LSI shares. Citigroup reiterated a “buy” rating and issued a $85.00 price objective (down from $98.00) on shares of Life Storage in a research note on Thursday, August 10th. BidaskClub upgraded Life Storage from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. Zacks Investment Research upgraded Life Storage from a “hold” rating to a “buy” rating and set a $94.00 price objective on the stock in a research note on Friday, November 3rd. Cantor Fitzgerald reiterated a “hold” rating and issued a $73.00 price objective on shares of Life Storage in a research note on Thursday, September 14th. Finally, Jefferies Group set a $72.00 price objective on Life Storage and gave the stock a “hold” rating in a research note on Friday, August 18th. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $81.07.

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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.

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

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