Life Storage Inc (LSI) Stake Decreased by Schroder Investment Management Group
Schroder Investment Management Group reduced its position in Life Storage Inc (NYSE:LSI) by 4.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,396 shares of the real estate investment trust’s stock after selling 1,609 shares during the period. Schroder Investment Management Group’s holdings in Life Storage were worth $3,064,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of LSI. Solaris Asset Management LLC purchased a new stake in shares of Life Storage in the fourth quarter worth about $112,000. Acadian Asset Management LLC purchased a new stake in shares of Life Storage in the fourth quarter worth about $131,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Life Storage by 145.6% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,877 shares of the real estate investment trust’s stock worth $478,000 after buying an additional 3,484 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Life Storage in the third quarter worth about $489,000. Finally, Boston Advisors LLC purchased a new stake in shares of Life Storage in the fourth quarter worth about $542,000. Institutional investors own 99.60% of the company’s stock.
Shares of Life Storage Inc (NYSE:LSI) opened at $79.11 on Friday. Life Storage Inc has a 52-week low of $69.00 and a 52-week high of $91.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.19 and a current ratio of 0.19. The stock has a market capitalization of $3,679.88, a P/E ratio of 14.87, a price-to-earnings-growth ratio of 3.15 and a beta of 0.56.
A number of equities research analysts recently commented on LSI shares. Zacks Investment Research downgraded Life Storage from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. BidaskClub upgraded Life Storage from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 7th. Cantor Fitzgerald boosted their target price on Life Storage from $73.00 to $81.00 and gave the stock a “neutral” rating in a research report on Friday, November 10th. B. Riley set a $70.00 target price on Life Storage and gave the stock a “sell” rating in a research report on Tuesday, November 14th. Finally, KeyCorp reiterated a “hold” rating on shares of Life Storage in a research report on Sunday, November 19th. Six equities research 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’s stock. Life Storage has a consensus rating of “Hold” and a consensus price target of $81.71.
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.
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