Wipfli Financial Advisors LLC acquired a new stake in Life Storage, Inc. (NYSE:LSI – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,464 shares of the real estate investment trust’s stock, valued at approximately $162,000.
Other institutional investors have also recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in shares of Life Storage in the first quarter valued at approximately $32,000. Bank of New Hampshire grew its holdings in shares of Life Storage by 55.4% in the third quarter. Bank of New Hampshire now owns 300 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 107 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Life Storage in the first quarter valued at approximately $38,000. Atlas Capital Advisors LLC acquired a new position in shares of Life Storage in the second quarter valued at approximately $53,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Life Storage in the third quarter valued at approximately $56,000. Institutional investors and hedge funds own 89.61% of the company’s stock.
Insider Activity at Life Storage
In related news, CEO Joseph Saffire sold 6,130 shares of the company’s stock in a transaction on Tuesday, December 20th. The shares were sold at an average price of $99.73, for a total value of $611,344.90. Following the completion of the sale, the chief executive officer now owns 71,921 shares in the company, valued at approximately $7,172,681.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.50% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Life Storage Stock Up 1.1 %
Shares of NYSE:LSI opened at $96.32 on Monday. The firm has a 50 day simple moving average of $103.48 and a 200-day simple moving average of $113.08. Life Storage, Inc. has a twelve month low of $94.02 and a twelve month high of $151.76. The company has a market capitalization of $8.19 billion, a PE ratio of 23.90, a P/E/G ratio of 3.84 and a beta of 0.61. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.90.
Life Storage Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 26th. Investors of record on Friday, January 13th will be given a $1.20 dividend. This is an increase from Life Storage’s previous quarterly dividend of $1.08. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $4.80 annualized dividend and a yield of 4.98%. Life Storage’s dividend payout ratio is 107.20%.
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 900 storage facilities in 30 states and in the province of Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month.
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