Great West Life Assurance Co. Can lifted its stake in Life Storage Inc (NYSE:LSI) by 11.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,690 shares of the real estate investment trust’s stock after purchasing an additional 6,003 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Life Storage were worth $5,051,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Life Storage by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 7,276,424 shares of the real estate investment trust’s stock worth $692,424,000 after acquiring an additional 354,370 shares in the last quarter. Vanguard Group Inc lifted its stake in Life Storage by 5.1% in the 3rd quarter. Vanguard Group Inc now owns 7,276,424 shares of the real estate investment trust’s stock worth $692,424,000 after acquiring an additional 354,370 shares in the last quarter. Cohen & Steers Inc. lifted its stake in Life Storage by 114.6% in the 3rd quarter. Cohen & Steers Inc. now owns 6,652,513 shares of the real estate investment trust’s stock worth $633,053,000 after acquiring an additional 3,552,687 shares in the last quarter. BlackRock Inc. lifted its stake in Life Storage by 2.4% in the 4th quarter. BlackRock Inc. now owns 5,657,678 shares of the real estate investment trust’s stock worth $526,106,000 after acquiring an additional 132,304 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Life Storage by 14.9% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,672,431 shares of the real estate investment trust’s stock worth $155,519,000 after acquiring an additional 216,317 shares in the last quarter. Institutional investors and hedge funds own 97.17% of the company’s stock.

LSI opened at $95.75 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.26 and a quick ratio of 0.26. Life Storage Inc has a fifty-two week low of $80.12 and a fifty-two week high of $102.91. The stock has a market cap of $4.47 billion, a PE ratio of 17.69, a PEG ratio of 4.34 and a beta of 0.46.

In related news, Director David L. Rogers sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $96.12, for a total value of $961,200.00. Following the transaction, the director now directly owns 120,000 shares of the company’s stock, valued at approximately $11,534,400. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is currently owned by company insiders.

LSI has been the subject of several research analyst reports. Bank of America set a $105.00 price objective on Life Storage and gave the stock a “hold” rating in a research note on Friday, March 1st. Zacks Investment Research downgraded Life Storage from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Finally, Evercore ISI downgraded Life Storage from an “in-line” rating to an “underperform” rating in a research note on Tuesday, December 18th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Life Storage has an average rating of “Hold” and a consensus price target of $97.86.

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

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