Systematic Financial Management LP Buys Shares of 3,505 Life Storage Inc (LSI)
Systematic Financial Management LP bought a new stake in shares of Life Storage Inc (NYSE:LSI) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,505 shares of the real estate investment trust’s stock, valued at approximately $312,000.
Other large investors have also recently bought and sold shares of the company. Solaris Asset Management LLC purchased a new stake in Life Storage during the fourth quarter valued at approximately $112,000. Acadian Asset Management LLC purchased a new stake in Life Storage during the fourth quarter valued at approximately $131,000. Ladenburg Thalmann Financial Services Inc. lifted its position in Life Storage by 145.6% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,877 shares of the real estate investment trust’s stock valued at $478,000 after acquiring an additional 3,484 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new position in shares of Life Storage in the third quarter worth $489,000. Finally, Boston Advisors LLC purchased a new position in shares of Life Storage in the fourth quarter worth $542,000. 99.60% of the stock is owned by institutional investors.
LSI has been the subject of a number of research analyst reports. B. Riley set a $70.00 price target on shares of Life Storage and gave the stock a “sell” rating in a report on Wednesday, February 21st. Zacks Investment Research cut shares of Life Storage from a “hold” rating to a “sell” rating in a report on Saturday, February 24th. BMO Capital Markets raised shares of Life Storage from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $78.00 to $79.00 in a report on Friday. Robert W. Baird cut shares of Life Storage from a “neutral” rating to an “underperform” rating and set a $92.00 price target for the company. in a report on Thursday, January 25th. Finally, Cantor Fitzgerald raised their price target on shares of Life Storage from $73.00 to $81.00 and gave the stock a “neutral” rating in a report on Friday, November 10th. Six analysts have rated the stock with a sell rating, ten have issued a hold rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.71.
Life Storage (NYSE:LSI) last released its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $1.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.31 by $0.03. The firm had revenue of $133.08 million for the quarter, compared to analyst estimates of $133.46 million. Life Storage had a net margin of 18.19% and a return on equity of 4.83%. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.31 earnings per share. research analysts forecast that Life Storage Inc will post 5.4 EPS for the current fiscal year.
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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.
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