King Luther Capital Management Corp Sells 2,790 Shares of Life Storage Inc (LSI)

King Luther Capital Management Corp decreased its stake in Life Storage Inc (NYSE:LSI) by 5.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 52,465 shares of the real estate investment trust’s stock after selling 2,790 shares during the quarter. King Luther Capital Management Corp owned 0.11% of Life Storage worth $4,292,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Westwood Holdings Group Inc. lifted its stake in Life Storage by 0.8% in the second quarter. Westwood Holdings Group Inc. now owns 9,770 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 75 shares during the period. Ameritas Investment Partners Inc. lifted its stake in Life Storage by 1.5% in the second quarter. Ameritas Investment Partners Inc. now owns 13,914 shares of the real estate investment trust’s stock valued at $1,031,000 after buying an additional 210 shares during the period. BB&T Securities LLC lifted its stake in Life Storage by 3.3% in the second quarter. BB&T Securities LLC now owns 7,089 shares of the real estate investment trust’s stock valued at $525,000 after buying an additional 228 shares during the period. M&T Bank Corp lifted its stake in Life Storage by 9.4% in the second quarter. M&T Bank Corp now owns 3,246 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 278 shares during the period. Finally, Texas Permanent School Fund lifted its stake in Life Storage by 0.9% in the second quarter. Texas Permanent School Fund now owns 33,947 shares of the real estate investment trust’s stock valued at $2,515,000 after buying an additional 289 shares during the period. 96.75% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on LSI shares. UBS reissued a “neutral” rating and issued a $75.00 target price (down previously from $80.00) on shares of Life Storage in a research note on Wednesday, August 9th. Citigroup reissued a “buy” rating and issued a $85.00 target price (down previously from $98.00) on shares of Life Storage in a research note on Thursday, August 10th. Jefferies Group set a $72.00 target price on Life Storage and gave the company a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research lowered Life Storage from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, BidaskClub lowered Life Storage from a “hold” rating to a “sell” rating in a research report on Saturday, September 2nd. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Life Storage has an average rating of “Hold” and a consensus price target of $81.07.

Life Storage Inc (NYSE LSI) traded down $0.24 during midday trading on Thursday, hitting $89.90. The stock had a trading volume of 303,000 shares, compared to its average volume of 488,281. Life Storage Inc has a 52 week low of $69.00 and a 52 week high of $91.27. The firm has a market capitalization of $4,194.83, a price-to-earnings ratio of 17.04, a P/E/G ratio of 3.79 and a beta of 0.64. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.19 and a current ratio of 0.19.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by Stock Observer and is owned by of Stock Observer. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.thestockobserver.com/2017/12/07/king-luther-capital-management-corp-sells-2790-shares-of-life-storage-inc-lsi.html.

Life Storage Company 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.

Want to see what other hedge funds are holding LSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Life Storage Inc (NYSE:LSI).

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

Receive News & Ratings for Life Storage Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Storage Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply