Life Storage Inc (NYSE:LSI) COO Edward F. Killeen sold 1,306 shares of Life Storage stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $101.99, for a total transaction of $133,198.94. Following the completion of the transaction, the chief operating officer now owns 24,763 shares of the company’s stock, valued at approximately $2,525,578.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Life Storage stock opened at $101.31 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $4.72 billion, a P/E ratio of 19.08, a P/E/G ratio of 4.09 and a beta of 0.39. Life Storage Inc has a fifty-two week low of $76.42 and a fifty-two week high of $102.91.

Life Storage (NYSE:LSI) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. The business had revenue of $141.50 million during the quarter, compared to analyst estimates of $141.10 million. Life Storage had a net margin of 24.81% and a return on equity of 6.68%. Life Storage’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 earnings per share. Equities analysts predict that Life Storage Inc will post 5.49 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the stock. Advisors Asset Management Inc. grew its holdings in Life Storage by 6,003.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 444,184 shares of the real estate investment trust’s stock worth $661,000 after acquiring an additional 436,907 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Life Storage by 5.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 610,231 shares of the real estate investment trust’s stock worth $59,382,000 after acquiring an additional 33,461 shares during the period. HGK Asset Management Inc. acquired a new stake in Life Storage during the 2nd quarter worth $424,000. Massachusetts Financial Services Co. MA grew its holdings in Life Storage by 21.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,425,183 shares of the real estate investment trust’s stock worth $325,940,000 after acquiring an additional 608,989 shares during the period. Finally, Stratos Wealth Partners LTD. grew its holdings in Life Storage by 25.6% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 3,679 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 750 shares during the period. 99.71% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on LSI. Zacks Investment Research raised shares of Life Storage from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, August 23rd. ValuEngine raised shares of Life Storage from a “hold” rating to a “buy” rating in a report on Monday, November 12th. SunTrust Banks reissued a “hold” rating and issued a $95.00 price target on shares of Life Storage in a report on Monday, September 24th. Finally, Citigroup lowered their price target on shares of Life Storage from $100.00 to $91.00 and set a “neutral” rating for the company in a report on Friday, October 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Life Storage has an average rating of “Hold” and an average price target of $93.20.

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About Life Storage

Life Storage, Inc is a self-administered and self-managed equity REIT that is in the business of acquiring and managing self storage facilities. Located in Buffalo, New York, the Company operates more than 700 storage facilities in 28 states. The Company serves both residential and commercial storage customers with storage units rented by month.

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