Great West Life Assurance Co. Can Boosts Position in Life Storage Inc (LSI)

Great West Life Assurance Co. Can lifted its position in shares of Life Storage Inc (NYSE:LSI) by 11.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,690 shares of the real estate investment trust’s stock after acquiring an additional 6,003 shares during the period. Great West Life Assurance Co. Can owned about 0.13% of Life Storage worth $5,051,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in shares of Life Storage by 5.1% during the 3rd quarter. Vanguard Group Inc. now owns 7,276,424 shares of the real estate investment trust’s stock valued at $692,424,000 after acquiring an additional 354,370 shares in the last quarter. Vanguard Group Inc raised its position in shares of Life Storage by 5.1% during the 3rd quarter. Vanguard Group Inc now owns 7,276,424 shares of the real estate investment trust’s stock valued at $692,424,000 after acquiring an additional 354,370 shares in the last quarter. Cohen & Steers Inc. raised its position in shares of Life Storage by 114.6% during the 3rd quarter. Cohen & Steers Inc. now owns 6,652,513 shares of the real estate investment trust’s stock valued at $633,053,000 after acquiring an additional 3,552,687 shares in the last quarter. BlackRock Inc. raised its position in shares of Life Storage by 2.4% during the 4th quarter. BlackRock Inc. now owns 5,657,678 shares of the real estate investment trust’s stock valued at $526,106,000 after acquiring an additional 132,304 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Life Storage by 14.9% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,672,431 shares of the real estate investment trust’s stock valued at $155,519,000 after acquiring an additional 216,317 shares in the last quarter. 97.17% of the stock is currently owned by institutional investors and hedge funds.

In other Life Storage news, Director David L. Rogers sold 10,000 shares of the stock in a transaction 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 sale, the director now directly owns 120,000 shares of the company’s stock, valued at $11,534,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.80% of the stock is owned by company insiders.

Shares of NYSE LSI opened at $95.75 on Friday. Life Storage Inc has a 1-year low of $80.12 and a 1-year high of $102.91. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 17.69, a P/E/G ratio of 4.34 and a beta of 0.46.

Several research firms recently issued reports on LSI. Zacks Investment Research lowered Life Storage from a “buy” rating to a “hold” rating in a research report on Tuesday, January 22nd. Bank of America lowered Life Storage from a “neutral” rating to an “underperform” rating and dropped their price target for the company from $105.00 to $99.00 in a research report on Friday, March 8th. Finally, Evercore ISI lowered Life Storage from an “in-line” rating to an “underperform” rating in a research report on Tuesday, December 18th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. Life Storage currently has a consensus rating of “Hold” and a consensus target price of $97.86.

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

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