Life Storage Inc (NYSE:LSI) Director David L. Rogers sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $96.12, for a total transaction of $961,200.00. Following the sale, the director now owns 120,000 shares of the company’s stock, valued at $11,534,400. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
NYSE LSI traded down $1.17 during trading hours on Friday, hitting $95.75. 671,749 shares of the company’s stock traded hands, compared to its average volume of 338,297. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 4.34 and a beta of 0.46. Life Storage Inc has a 52 week low of $80.12 and a 52 week high of $102.91.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System lifted its holdings in Life Storage by 1.5% during the third quarter. State Board of Administration of Florida Retirement System now owns 57,521 shares of the real estate investment trust’s stock valued at $5,474,000 after purchasing an additional 864 shares in the last quarter. American Century Companies Inc. purchased a new position in shares of Life Storage in the third quarter worth $3,727,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Life Storage in the third quarter worth $1,817,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Life Storage by 1.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 29,030 shares of the real estate investment trust’s stock worth $2,762,000 after buying an additional 540 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new position in shares of Life Storage in the third quarter worth $476,000. Institutional investors own 97.17% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Life Storage Inc (LSI) Director Sells $961,200.00 in Stock” was originally published by WKRB News and is the property of of WKRB News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.wkrb13.com/2019/03/15/life-storage-inc-lsi-director-sells-961200-00-in-stock.html.
About Life Storage
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.
Featured Article: What are the most popular ETFs
Receive News & Ratings for Life Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Storage and related companies with MarketBeat.com's FREE daily email newsletter.