Commonwealth of Pennsylvania Public School Empls Retrmt SYS lessened its stake in shares of Life Storage, Inc. (NYSE:LSI) by 0.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 6,786 shares of the real estate investment trust’s stock after selling 5 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Life Storage were worth $503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of LSI. Canada Pension Plan Investment Board increased its position in Life Storage by 70.2% during the first quarter. Canada Pension Plan Investment Board now owns 8,000 shares of the real estate investment trust’s stock worth $657,000 after acquiring an additional 3,300 shares during the period. State Board of Administration of Florida Retirement System increased its position in Life Storage by 0.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 54,043 shares of the real estate investment trust’s stock worth $4,438,000 after acquiring an additional 468 shares during the period. US Bancorp DE increased its position in Life Storage by 11.4% during the first quarter. US Bancorp DE now owns 17,564 shares of the real estate investment trust’s stock worth $1,442,000 after acquiring an additional 1,802 shares during the period. Comerica Bank increased its position in Life Storage by 4.6% during the first quarter. Comerica Bank now owns 35,763 shares of the real estate investment trust’s stock worth $2,848,000 after acquiring an additional 1,586 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Life Storage by 0.9% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,944 shares of the real estate investment trust’s stock worth $1,309,000 after acquiring an additional 135 shares during the period. Institutional investors own 96.83% of the company’s stock.

In other Life Storage news, Director Arthur L. Havener, Jr. purchased 990 shares of Life Storage stock in a transaction on Monday, August 21st. The shares were acquired at an average cost of $73.20 per share, for a total transaction of $72,468.00. Following the completion of the transaction, the director now directly owns 7,413 shares of the company’s stock, valued at $542,631.60. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Paul T. Powell purchased 700 shares of Life Storage stock in a transaction on Monday, August 21st. The shares were acquired at an average price of $71.57 per share, for a total transaction of $50,099.00. Following the completion of the transaction, the insider now directly owns 44,996 shares of the company’s stock, valued at $3,220,363.72. The disclosure for this purchase can be found here. Insiders have acquired 3,190 shares of company stock worth $230,042 over the last quarter. Company insiders own 1.90% of the company’s stock.

A number of equities analysts recently commented on the stock. ValuEngine lowered shares of Life Storage from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. TheStreet lowered shares of Life Storage from a “b-” rating to a “c+” rating in a report on Monday, June 19th. Evercore ISI reissued an “underperform” rating and issued a $76.00 target price (up from $71.00) on shares of Life Storage in a report on Thursday, September 14th. Jefferies Group LLC reissued a “hold” rating and issued a $80.00 target price on shares of Life Storage in a report on Wednesday, June 14th. Finally, UBS AG reissued a “neutral” rating and issued a $75.00 target price (down from $80.00) on shares of Life Storage in a report on Thursday, August 3rd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $77.82.

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Shares of Life Storage, Inc. (NYSE LSI) opened at 81.51 on Thursday. Life Storage, Inc. has a 52-week low of $69.00 and a 52-week high of $95.05. The firm has a market capitalization of $3.78 billion, a P/E ratio of 71.31 and a beta of 0.57. The company’s 50-day moving average is $75.22 and its 200 day moving average is $77.38.

Life Storage (NYSE:LSI) last issued its quarterly earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.33 EPS for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.02). Life Storage had a net margin of 10.28% and a return on equity of 2.56%. The business had revenue of $132.78 million for the quarter, compared to the consensus estimate of $132.62 million. During the same quarter in the previous year, the business earned $1.32 earnings per share. The firm’s revenue was up 24.1% on a year-over-year basis. Analysts expect that Life Storage, Inc. will post $1.91 EPS for the current fiscal year.

Life Storage 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.

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

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