Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Boothbay Fund Management LLC Increases Shareholding in Life Storage, Inc. as Insider Trades Occur

Boothbay Fund Management LLC, a well-known investment management entity, reportedly augmented its shareholding in the real estate investment trust – Life Storage, Inc. (NYSE:LSI) during the fourth quarter by an astounding 125.8%. According to Life Storage’s most recent Form 13F filing with the Securities & Exchange Commission, Boothbay Fund Management LLC procured additional 26,267 shares of the company’s stock during the quarter thereby owning approximately 0.06% of Life Storage which is worth $4,643,000 as of the end of the reporting period.

In other news emerging from Life Storage, a couple of significant insider trades occurred recently. Director Arthur L. Havener Jr. sold 2,625 shares of the company’s stock on June 7th at an average price of $127.76 for a total transaction value of $335,370.00 while CEO Joseph Saffire sold 5,036 shares in another transaction on June 7th at an average price of $131.03 for a total transaction value of $659,867.08.

As a result of Havener’s sale transaction on June 7th they now own approximately 14,901 shares valued at $1,903,751.76 in addition to their previous shareholdings while Saffire possesses directly almost 83,780 shares in the company and has a valuation around USD10.98M in terms of stock value following his latest sale.

Shares opened trading yesterday morning on NYSE LSI at $128.71 per unit whereby the company’s fifty-day moving average price was recorded as being around USD133.69 with two-hundred day moving average prices reaching roughly USD119.94 levels; indicative figures disclosing fluctuating trends within economic markets that require consistently prudential monitoring and efficient management strategies to ensure long-term positive outcomes.

Life Storage Inc., with its current ratio of 0.42, quick ratio of 0.42, and debt-to-equity ratio of 0.95, has a 52-week low standing at $94.02 and a high estimate reaching $146.66 with Market capitalization figures amounting to USD10.95 billion along with a PE ratio of 29.86 and beta speculation reading at approximately 0.65 as of its latest financial disclosures through SEC compliance filings.

These developments in Life Storage create much anticipation amongst stockholders and investors alike as one waits to observe the firm’s growth potentials within a maturing business sector that requires constant innovation, strategic foresight, and proactive managerial prowess in order to maintain an edge over competitors while also maximizing returns on investment in accordance with stated goals and objectives; overall performance analytics where one must contemplate risks involved along with possibilities for rewards gained from informed decisions made while one actively navigates streams of economic transformation amidst changing needs for various asset classes around the globe.

Investors would be well-advised to track market events carefully during these tumultuous times seeking out guidance from professionals who can offer insights born out of long years’ experience working within diverse markets enabling optimal risk mitigation strategies geared towards protecting one’s wealth while striving to achieve positively competent investment outcomes despite prevailing global headwinds facing our economies today upon this journey towards sustained success over future horizons yet visible only through the prism of shrewd decision-making practices by astute investors looking ahead firmly towards tomorrow’s opportunities offering hopes-both bright and promising-investments resulting from careful analysis deeply rooted in scrupulous research work making it possible for them to actualize visions inspired by innovative imaginations so as to gain profitable returns over time through flexible analytical methodologies put into practice consistently throughout their investment portfolio management regimens ensuring stable achievements prove fruitful across long-term economic cycles perpetually evolving according to different world markets’ exigencies comprising changing variables encompassing geopolitical landscapes, market trends, consumer behaviors, micro and macroeconomic trends, and catalytic global events.

Life Storage, Inc.

LSI

Strong Buy

Updated on: 15/06/2023

Financial Health

Very Healthy


Debt to equity ratio: Buy

Price to earnings ratio: Strong Buy

Price to book ratio: Strong Buy

DCF: Strong Buy

ROE: Neutral

Show more

Price Target

Current $127.97

Concensus $131.14


Low $97.00

Median $138.00

High $158.00

Show more

Social Sentiments

We did not find social sentiment data for this stock

Analyst Ratings

Analyst / firm Rating
Jonathan Petersen
Jefferies
Sell
Steve Sakwa
Evercore ISI
Buy
Jonathan Hughes
Raymond James
Buy
Ki Bin Kim
Truist Financial
Buy
Jonathan Petersen
Jefferies
Buy
Show more

Institutional Investors and Hedge Funds Invest in Life Storage, a Self-Storage REIT: Analysts Remain Cautious While Investors Optimistic


Life Storage, a real estate investment trust (REIT) that specializes in self-storage units, has recently seen increased investments from institutional investors and hedge funds. Point72 Asset Management L.P. purchased a new stake in the company’s shares during the fourth quarter of 2020 worth approximately $6.9 million. Vident Investment Advisory LLC and Advisor Partners II LLC also bought new stakes, while DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main and Alyeska Investment Group L.P. boosted their holdings by acquiring more shares.

A number of brokerages have issued reports on Life Storage with varying opinions regarding its stock performance. Raymond James gave the stock an “outperform” rating and boosted its price objective from $140 to $145, while Truist Financial raised its price target from $115 to $120 with a “hold” rating. KeyCorp also increased its price target from $136 to $154 with an “overweight” rating and Stifel Nicolaus boosted their price target from $140 to $145.

The company announced a quarterly dividend on April 26th, which was paid on April 14th to shareholders of record as of April 14th. The dividend payment was set at $1.20 per share representing an annualized dividend of $4.80 and a yield of 3.73%. Despite the high payout ratio of 111.37%, the consensus rating for Life Storage is still labeled “Hold”, according to data from Bloomberg.com.

The influx of investments in Life Storage showcases the growing popularity of REITs within the investment world especially during these pandemic times where investors are constantly seeking ways to diversify their portfolios as well as benefitting from alternatives sources revenue other than stocks or bonds.

Overall, it appears that while some analysts remain cautious about Life Storage’s long-term prospects given its high payout ratio, many investors remain optimistic about this REIT’s future prospects. Therefore, it might be prudent for investors to keep an eye on this company’s developments in the coming months.

The post Boothbay Fund Management LLC Increases Shareholding in Life Storage, Inc. as Insider Trades Occur appeared first on Best Stocks.



This post first appeared on Best Stocks, please read the originial post: here

Share the post

Boothbay Fund Management LLC Increases Shareholding in Life Storage, Inc. as Insider Trades Occur

×

Subscribe to Best Stocks

Get updates delivered right to your inbox!

Thank you for your subscription

×