Life Storage Inc (LSI) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its position in Life Storage Inc (NYSE:LSI) by 28.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 61,256 shares of the real estate investment trust’s stock after acquiring an additional 13,476 shares during the period. Wells Fargo & Company MN owned 0.13% of Life Storage worth $5,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of Life Storage by 1.0% in the second quarter. BlackRock Inc. now owns 4,995,403 shares of the real estate investment trust’s stock worth $370,160,000 after acquiring an additional 47,591 shares during the last quarter. Brookfield Asset Management Inc. boosted its stake in shares of Life Storage by 12.1% in the second quarter. Brookfield Asset Management Inc. now owns 1,272,882 shares of the real estate investment trust’s stock worth $94,321,000 after acquiring an additional 137,682 shares during the last quarter. Land & Buildings Investment Management LLC acquired a new stake in shares of Life Storage in the third quarter worth approximately $67,395,000. Macquarie Group Ltd. boosted its stake in shares of Life Storage by 8.8% in the third quarter. Macquarie Group Ltd. now owns 771,796 shares of the real estate investment trust’s stock worth $63,141,000 after acquiring an additional 62,544 shares during the last quarter. Finally, APG Asset Management US Inc. boosted its stake in shares of Life Storage by 9.4% in the third quarter. APG Asset Management US Inc. now owns 671,000 shares of the real estate investment trust’s stock worth $54,895,000 after acquiring an additional 57,500 shares during the last quarter. 99.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Life Storage Inc (LSI) opened at $87.46 on Friday. Life Storage Inc has a 1 year low of $69.00 and a 1 year high of $91.75. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4,159.00, a price-to-earnings ratio of 43.51, a price-to-earnings-growth ratio of 3.68 and a beta of 0.64.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 26th. Shareholders of record on Tuesday, January 16th will be given a $1.00 dividend. The ex-dividend date of this dividend is Friday, January 12th. This represents a $4.00 dividend on an annualized basis and a yield of 4.57%. Life Storage’s dividend payout ratio is currently 199.01%.

A number of equities analysts have weighed in on LSI shares. BidaskClub raised Life Storage from a “hold” rating to a “buy” rating in a research note on Monday, September 18th. KeyCorp reissued a “hold” rating on shares of Life Storage in a research note on Thursday, October 12th. Zacks Investment Research lowered Life Storage from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. B. Riley set a $70.00 price objective on Life Storage and gave the stock a “sell” rating in a research note on Monday, December 4th. Finally, Cantor Fitzgerald boosted their price objective on Life Storage from $73.00 to $81.00 and gave the stock a “neutral” rating in a research note on Friday, November 10th. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $81.79.

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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.

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

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