Life Storage Inc (NYSE:LSI) COO Edward F. Killeen sold 4,006 shares of the stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $101.10, for a total transaction of $405,006.60. Following the completion of the sale, the chief operating officer now owns 24,763 shares of the company’s stock, valued at approximately $2,503,539.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:LSI opened at $101.31 on Friday. Life Storage Inc has a 12-month low of $76.42 and a 12-month high of $102.91. 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 stock has a market capitalization of $4.72 billion, a P/E ratio of 18.49, a price-to-earnings-growth ratio of 4.09 and a beta of 0.39.

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

A number of large investors have recently bought and sold shares of LSI. Commonwealth Equity Services LLC acquired a new position in Life Storage in the second quarter worth about $611,000. Sumitomo Mitsui Trust Holdings Inc. raised its position in Life Storage by 6.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 47,512 shares of the real estate investment trust’s stock worth $4,623,000 after purchasing an additional 3,052 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Life Storage in the second quarter worth about $282,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Life Storage in the second quarter worth about $1,222,000. Finally, Sei Investments Co. raised its position in Life Storage by 34.2% in the second quarter. Sei Investments Co. now owns 124,218 shares of the real estate investment trust’s stock worth $12,088,000 after purchasing an additional 31,689 shares in the last quarter. 99.71% of the stock is owned by hedge funds and other institutional investors.

LSI has been the subject of several research reports. Zacks Investment Research upgraded shares of Life Storage from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research note on Thursday, August 23rd. SunTrust Banks reiterated a “hold” rating and issued a $95.00 target price on shares of Life Storage in a research note on Monday, September 24th. ValuEngine cut shares of Life Storage from a “buy” rating to a “hold” rating in a research note on Thursday, September 27th. Finally, Citigroup reduced their target price on shares of Life Storage from $100.00 to $91.00 and set a “neutral” rating for the company in a research note on Friday, October 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $93.20.

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Life Storage Company Profile

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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Insider Buying and Selling by Quarter for Life Storage (NYSE:LSI)

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