Kestra Private Wealth Services LLC Sells 146 Shares of Life Storage, Inc. (NYSE:LSI)

Posted by Defense World Staff on Apr 21st, 2023

Kestra Private Wealth Services LLC lowered its stake in Life Storage, Inc. (NYSE:LSI – Get Rating) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,181 shares of the real estate investment trust’s stock after selling 146 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Life Storage were worth $215,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new position in Life Storage in the first quarter valued at approximately $32,000. Point72 Hong Kong Ltd bought a new stake in shares of Life Storage in the first quarter worth $38,000. Bank of New Hampshire lifted its position 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 worth $33,000 after purchasing an additional 107 shares in the last quarter. Huntington National Bank lifted its position in shares of Life Storage by 71.3% in the third quarter. Huntington National Bank now owns 454 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 189 shares in the last quarter. Finally, Atlas Capital Advisors LLC bought a new stake in shares of Life Storage in the second quarter worth $53,000. Institutional investors own 89.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Wolfe Research lowered shares of Life Storage from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 12th. Jefferies Financial Group lowered shares of Life Storage from a “buy” rating to a “hold” rating and cut their price objective for the stock from $123.00 to $97.00 in a research report on Monday, January 2nd. Truist Financial boosted their price objective on shares of Life Storage from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, March 8th. KeyCorp upped their price target on shares of Life Storage from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 5th. Finally, Citigroup lowered shares of Life Storage from a “buy” rating to a “neutral” rating and set a $126.00 price target on the stock. in a research report on Wednesday, February 8th. Nine analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $127.22.

Life Storage Price Performance

NYSE:LSI opened at $133.72 on Friday. Life Storage, Inc. has a one year low of $94.02 and a one year high of $151.15. The company has a market cap of $11.38 billion, a P/E ratio of 31.61 and a beta of 0.65. The firm’s fifty day moving average price is $128.16 and its two-hundred day moving average price is $112.93. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.34 and a quick ratio of 0.34.

Life Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 26th. Shareholders of record on Friday, April 14th will be issued a $1.20 dividend. The ex-dividend date is Thursday, April 13th. This represents a $4.80 annualized dividend and a dividend yield of 3.59%. Life Storage’s dividend payout ratio is currently 113.48%.

Life Storage Profile

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Life Storage, Inc is a real estate investment trust, which engages in the acquisition, ownership, and management of self-storage properties. It offers commercial, vehicle, and wine storage services. The company was founded by Robert J. Attea, David L. Rogers, Kenneth F. Myszka, and Charles E. Lannon in 1982 and is headquartered in Buffalo, NY.