Westwood Holdings Group Inc. raised its holdings in Life Storage, Inc. (NYSE:LSI) by 0.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,770 shares of the real estate investment trust’s stock after buying an additional 75 shares during the period. Westwood Holdings Group Inc.’s holdings in Life Storage were worth $724,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Life Storage by 5,546.9% during the first quarter. BlackRock Inc. now owns 4,947,812 shares of the real estate investment trust’s stock worth $406,317,000 after purchasing an additional 4,860,192 shares during the last quarter. Eii Capital Management Inc. grew its holdings in shares of Life Storage by 1.4% during the second quarter. Eii Capital Management Inc. now owns 59,500 shares of the real estate investment trust’s stock worth $4,409,000 after purchasing an additional 800 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of Life Storage by 11.2% during the second quarter. State Board of Administration of Florida Retirement System now owns 60,085 shares of the real estate investment trust’s stock worth $4,452,000 after purchasing an additional 6,042 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Life Storage by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 614,266 shares of the real estate investment trust’s stock worth $45,518,000 after purchasing an additional 11,699 shares during the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Life Storage by 19.9% during the second quarter. BNP Paribas Arbitrage SA now owns 32,017 shares of the real estate investment trust’s stock worth $2,372,000 after purchasing an additional 5,316 shares during the last quarter. Institutional investors own 99.50% of the company’s stock.

Several equities analysts have issued reports on the company. KeyCorp reaffirmed a “hold” rating on shares of Life Storage in a report on Thursday, October 12th. Zacks Investment Research raised Life Storage from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Bank of America Corporation lowered Life Storage from a “neutral” rating to an “underperform” rating and raised their price objective for the stock from $73.00 to $77.00 in a report on Monday, September 25th. BidaskClub raised Life Storage from a “hold” rating to a “buy” rating in a report on Monday, September 18th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $73.00 price objective on shares of Life Storage in a report on Thursday, September 14th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. Life Storage has a consensus rating of “Hold” and a consensus price target of $77.91.

In other news, insider Paul T. Powell bought 700 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $71.57 per share, for a total transaction of $50,099.00. Following the transaction, the insider now owns 44,996 shares in the company, valued at $3,220,363.72. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Arthur L. Havener, Jr. bought 990 shares of the firm’s stock in a transaction on Monday, August 21st. The stock was purchased at an average price of $73.20 per share, with a total value of $72,468.00. Following the transaction, the director now owns 7,413 shares in the company, valued at approximately $542,631.60. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 3,190 shares of company stock valued at $230,042. 1.90% of the stock is owned by insiders.

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Life Storage, Inc. (NYSE:LSI) traded down 0.17% during trading on Tuesday, hitting $81.10. The company had a trading volume of 7,373 shares. Life Storage, Inc. has a 12 month low of $69.00 and a 12 month high of $89.24. The company’s 50 day moving average price is $79.78 and its 200-day moving average price is $77.01. The company has a market cap of $3.76 billion, a PE ratio of 70.95 and a beta of 0.58.

Life Storage (NYSE:LSI) last posted its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.33 EPS for the quarter, missing the consensus estimate of $1.35 by ($0.02). Life Storage had a return on equity of 2.56% and a net margin of 10.28%. The firm had revenue of $132.78 million during the quarter, compared to the consensus estimate of $132.62 million. During the same quarter last year, the company posted $1.32 EPS. Life Storage’s revenue for the quarter was up 24.1% on a year-over-year basis. Equities analysts expect that Life Storage, Inc. will post $1.91 earnings per share for the current year.

Life Storage declared that its board has approved a stock repurchase program on Wednesday, August 2nd that permits the company to repurchase $200.00 million in shares. This repurchase authorization permits the real estate investment trust to reacquire up to 5.3% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Friday, October 13th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 4.92%. The ex-dividend date of this dividend is Thursday, October 12th. Life Storage’s dividend payout ratio (DPR) is 347.83%.

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.

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

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