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Principale » Cadence Capital Management LLC Raises Stake in Life Storage Inc (LSI)

Cadence Capital Management LLC Raises Stake in Life Storage Inc (LSI)

16 Septembre 2017

ILLEGAL ACTIVITY NOTICE: "Amalgamated Bank Raises Holdings in Public Storage (PSA)" was reported by StockNewsTimes and is the property of of StockNewsTimes.

PSA has been the subject of a number of other reports. Zacks Investment Research raised shares of Life Storage from a "sell" rating to a "hold" rating in a research note on Friday, February 3rd. Robert W. Baird downgraded it to "Neutral" rating and $235 target in Thursday, January 5 report. On Tuesday, July 19 the stock rating was maintained by Barclays Capital with "Equalweight". BidaskClub raised shares of Public Storage from a strong sell rating to a sell rating in a research report on Friday, June 16th. Wells Fargo & Company reiterated a "market perform" rating and set a $78.00 target price (down from $85.00) on shares of Life Storage in a report on Saturday, July 22nd. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company's stock. $222.04's average target is 3.68% above currents $214.15 stock price. Public Storage (NYSE:PSA) has declined 14.14% since September 16, 2016 and is downtrending. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. The company has a market capitalization of $37.26 billion, a price-to-earnings ratio of 30.55 and a beta of 0.42. LSI Corporation has $105 highest and $70.0 lowest target. The firm's 50-day moving average price is $74.76 and its 200 day moving average price is $77.65. Life Storage had a return on equity of 2.56% and a net margin of 10.28%. The company had revenue of $624.20 million during the quarter, compared to analysts' expectations of $626.27 million. During the same period a year ago, the firm earned $2.40 earnings per share. Life Storage's quarterly revenue was up 24.1% on a year-over-year basis. On average, equities research analysts predict that Public Storage will post $7.22 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: This piece was reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are reading this report on another publication, it was illegally copied and republished in violation of United States and global trademark & copyright legislation. The original version of this piece can be accessed at https://www.truebluetribune.com/2017/09/16/public-storage-psa-upgraded-to-hold-at-zacks-investment-research.html. The ex-dividend date was Thursday, January 12th.

Tracking other technical indicators, the 14-day RSI is presently standing at 57.49, the 7-day sits at 53.95, and the 3-day is resting at 29.45 for iShares Core Conservative Allocation ETF (AOK). Public Storage's dividend payout ratio (DPR) is presently 113.96%.

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TheStreet has downgraded Life Storage Inc (NYSE:LSI) to C+ in a statement released on 6/19/2017. The shares were bought at an average cost of $200.59 per share, for a total transaction of $401,180.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Following the acquisition, the insider now directly owns 44,996 shares in the company, valued at approximately $3,220,363.72.

Want to see what other hedge funds are holding LSI? PNC Financial Services Group Inc. boosted its holdings in shares of Life Storage by 9.6% during the 1st quarter.

Life Storage, Inc., formerly Sovran Self Storage, Inc., is a self-administered and self-managed real estate company. It also increased its holding in Mid (NYSE:MAA) by 131,783 shares in the quarter, for a total of 310,928 shares, and has risen its stake in Corporate Office Properties Trust (NYSE:OFC). Insiders have bought a total of 3,190 shares of company stock worth $230,042 in the last three months. KS grew its position in shares of Public Storage by 25.0% in the 1st quarter. Capital World Investors increased its stake in Public Storage by 93.3% in the second quarter. Anchor Capital Advisors LLC now owns 3,470 shares of the real estate investment trust's stock worth $285,000 after buying an additional 50 shares during the period. JPMorgan Chase & Co. increased its position in Public Storage by 20.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,161,559 shares of the real estate investment trust's stock valued at $659,280,000 after purchasing an additional 537,289 shares during the period. The brokerage now has $70.00 price objective on the real estate investment trust's stock. The Company owns its assets and conducts its operations through Life Storage LP (the Operating Partnership) and subsidiaries of the Operating Partnership.

Cadence Capital Management LLC Raises Stake in Life Storage Inc (LSI)