Bbva Compass Bancshares Inc. Takes $224,000 Position in Life Storage Inc (LSI)
Bbva Compass Bancshares Inc. acquired a new stake in Life Storage Inc (NYSE:LSI) during the 4th quarter, HoldingsChannel reports. The firm acquired 2,520 shares of the real estate investment trust’s stock, valued at approximately $224,000.
A number of other institutional investors also recently added to or reduced their stakes in LSI. Solaris Asset Management LLC acquired a new position in Life Storage in the 4th quarter valued at approximately $112,000. Acadian Asset Management LLC acquired a new position in Life Storage in the 4th quarter valued at approximately $131,000. Systematic Financial Management LP acquired a new position in Life Storage in the 4th quarter valued at approximately $312,000. Ladenburg Thalmann Financial Services Inc. increased its stake in Life Storage by 145.6% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,877 shares of the real estate investment trust’s stock valued at $478,000 after buying an additional 3,484 shares during the period. Finally, Crossmark Global Holdings Inc. acquired a new position in Life Storage in the 3rd quarter valued at approximately $489,000. Hedge funds and other institutional investors own 99.60% of the company’s stock.
Shares of Life Storage Inc (NYSE:LSI) opened at $79.11 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 0.19 and a quick ratio of 0.19. The company has a market cap of $3,680.00, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 3.15 and a beta of 0.56. Life Storage Inc has a 1 year low of $69.00 and a 1 year high of $91.75.
Several research analysts have weighed in on LSI shares. Zacks Investment Research lowered shares of Life Storage from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. KeyCorp reiterated a “hold” rating on shares of Life Storage in a research note on Sunday, November 19th. Wells Fargo & Co set a $91.00 price objective on shares of Life Storage and gave the company a “hold” rating in a research note on Thursday, November 30th. Jefferies Group set a $86.00 price objective on shares of Life Storage and gave the company a “hold” rating in a research note on Tuesday, November 28th. Finally, SunTrust Banks reissued a “hold” rating and issued a $80.00 target price on shares of Life Storage in a research report on Friday, November 24th. Six analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $81.71.
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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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