Nisa Investment Advisors LLC raised its stake in Life Storage Inc (NYSE:LSI) by 10.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,366 shares of the real estate investment trust’s stock after purchasing an additional 2,538 shares during the quarter. Nisa Investment Advisors LLC owned 0.06% of Life Storage worth $2,598,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. State of Tennessee Treasury Department boosted its stake in shares of Life Storage by 36.5% in the first quarter. State of Tennessee Treasury Department now owns 52,113 shares of the real estate investment trust’s stock valued at $4,927,000 after buying an additional 13,938 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in shares of Life Storage in the second quarter valued at approximately $337,000. Jane Street Group LLC purchased a new stake in shares of Life Storage in the first quarter valued at approximately $410,000. Louisiana State Employees Retirement System boosted its stake in shares of Life Storage by 3.5% in the second quarter. Louisiana State Employees Retirement System now owns 11,700 shares of the real estate investment trust’s stock valued at $1,111,000 after buying an additional 400 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Life Storage by 310.3% in the first quarter. BNP Paribas Arbitrage SA now owns 36,586 shares of the real estate investment trust’s stock valued at $3,459,000 after buying an additional 27,669 shares in the last quarter. Institutional investors own 91.82% of the company’s stock.

In other news, Director David L. Rogers sold 14,111 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $90.00, for a total value of $1,269,990.00. Following the completion of the transaction, the director now directly owns 104,903 shares of the company’s stock, valued at $9,441,270. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.90% of the company’s stock.

A number of research firms recently weighed in on LSI. BMO Capital Markets began coverage on Life Storage in a research note on Tuesday, July 21st. They issued a “hold” rating and a $104.00 price target on the stock. Zacks Investment Research downgraded Life Storage from a “hold” rating to a “sell” rating in a research note on Wednesday. Stifel Nicolaus lifted their price target on Life Storage from $96.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Raymond James downgraded Life Storage from an “outperform” rating to a “market perform” rating in a research note on Sunday, April 19th. Finally, SunTrust Banks decreased their target price on Life Storage from $115.00 to $102.00 and set an “equal weight” rating on the stock in a research report on Friday, April 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $109.09.

LSI opened at $98.13 on Friday. The business’s fifty day moving average is $95.34 and its two-hundred day moving average is $99.39. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market cap of $4.60 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 4.48 and a beta of 0.40. Life Storage Inc has a one year low of $67.31 and a one year high of $119.61.

Life Storage (NYSE:LSI) last released its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.62). Life Storage had a return on equity of 12.33% and a net margin of 44.55%. The company had revenue of $146.94 million during the quarter, compared to analyst estimates of $145.73 million. During the same period last year, the firm earned $1.31 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that Life Storage Inc will post 5.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Tuesday, July 14th were issued a $1.07 dividend. The ex-dividend date of this dividend was Monday, July 13th. This represents a $4.28 dividend on an annualized basis and a dividend yield of 4.36%. Life Storage’s dividend payout ratio (DPR) is 76.16%.

Life Storage Company Profile

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 750 storage facilities in 28 states and Ontario, Canada. The Company serves both residential and commercial storage customers with storage units rented by month.

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

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