Insider Selling: Life Storage Inc (LSI) Director Sells 10,000 Shares of Stock

Life Storage Inc (NYSE:LSI) Director David L. Rogers sold 10,000 shares of the company’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $96.12, for a total transaction of $961,200.00. Following the completion of 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 SEC, which is accessible through this link.

Shares of LSI stock traded down $1.17 during trading on Friday, reaching $95.75. 671,749 shares of the company’s stock traded hands, compared to its average volume of 338,297. The stock has a market capitalization of $4.52 billion, a P/E ratio of 17.69, a PEG ratio of 4.34 and a beta of 0.46. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.83. Life Storage Inc has a 1 year low of $80.12 and a 1 year high of $102.91.

A number of research firms have weighed in on LSI. Evercore ISI cut shares of Life Storage from an “in-line” rating to an “underperform” rating in a research note on Tuesday, December 18th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Life Storage from a “buy” rating to a “hold” rating in a research note on Tuesday, January 22nd. Finally, Bank of America set a $105.00 target price on shares of Life Storage and gave the company a “hold” rating in a research note on Friday, March 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued 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.

Hedge funds have recently made changes to their positions in the stock. Lindbrook Capital LLC purchased a new stake in shares of Life Storage during the 4th quarter valued at approximately $42,000. Advisor Group Inc. lifted its stake in shares of Life Storage by 68.8% during the 4th quarter. Advisor Group Inc. now owns 466 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 190 shares in the last quarter. Clean Yield Group purchased a new stake in shares of Life Storage during the 4th quarter valued at approximately $74,000. Pearl River Capital LLC purchased a new stake in shares of Life Storage during the 4th quarter valued at approximately $74,000. Finally, Ffcm LLC lifted its stake in shares of Life Storage by 137.6% during the 4th quarter. Ffcm LLC now owns 1,818 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 1,053 shares in the last quarter. Institutional investors own 97.17% of the company’s stock.

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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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