Telemus Capital LLC Has $222,000 Stake in Life Storage, Inc. (NYSE:LSI)

Telemus Capital LLC maintained its position in shares of Life Storage, Inc. (NYSE:LSI) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,000 shares of the real estate investment trust’s stock at the end of the second quarter. Telemus Capital LLC’s holdings in Life Storage were worth $222,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Foster & Motley Inc. raised its position in shares of Life Storage by 5.6% in the second quarter. Foster & Motley Inc. now owns 32,050 shares of the real estate investment trust’s stock worth $2,375,000 after buying an additional 1,695 shares during the period. Texas Permanent School Fund raised its position in shares of 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 worth $2,515,000 after buying an additional 289 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Life Storage by 16.7% in the second quarter. Daiwa Securities Group Inc. now owns 4,200 shares of the real estate investment trust’s stock worth $311,000 after buying an additional 600 shares during the period. Janney Montgomery Scott LLC raised its position in shares of Life Storage by 7.3% in the second quarter. Janney Montgomery Scott LLC now owns 6,115 shares of the real estate investment trust’s stock worth $453,000 after buying an additional 416 shares during the period. Finally, Paragon Capital Management Ltd acquired a new position in shares of Life Storage during the second quarter worth approximately $232,000. 96.44% of the stock is currently owned by institutional investors.

Life Storage, Inc. (LSI) opened at 72.17 on Tuesday. Life Storage, Inc. has a 12-month low of $69.92 and a 12-month high of $100.77. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 63.14 and a beta of 0.56. The company’s 50-day moving average price is $73.95 and its 200-day moving average price is $79.50.

Life Storage (NYSE:LSI) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by $0.02. Life Storage had a net margin of 10.28% and a return on equity of 2.56%. The firm had revenue of $132.78 million for the quarter, compared to analyst estimates of $132.62 million. During the same period last year, the company earned $1.32 EPS. The company’s revenue was up 24.1% compared to the same quarter last year. Equities analysts expect that Life Storage, Inc. will post $2.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 26th. Stockholders of record on Monday, July 17th were paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend was Thursday, July 13th. Life Storage’s dividend payout ratio (DPR) is presently 347.83%.

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A number of brokerages have recently commented on LSI. Evercore ISI lowered Life Storage from an “in-line” rating to an “underperform” rating and lowered their price target for the company from $77.00 to $71.00 in a report on Monday. UBS AG reissued a “neutral” rating and set a $75.00 price target (down from $80.00) on shares of Life Storage in a report on Thursday, August 3rd. Wells Fargo & Company reissued a “market perform” rating and set a $78.00 price target (down from $85.00) on shares of Life Storage in a report on Saturday, July 22nd. Bank of America Corporation lowered their price target on Life Storage from $82.00 to $76.00 and set a “neutral” rating on the stock in a report on Thursday, July 20th. Finally, TheStreet lowered Life Storage from a “b-” rating to a “c+” rating in a report on Monday, June 19th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. Life Storage presently has an average rating of “Hold” and a consensus price target of $86.69.

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.

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

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