Candriam Luxembourg S.C.A. Acquires New Stake in Life Storage Inc (LSI)

Candriam Luxembourg S.C.A. acquired a new position in Life Storage Inc (NYSE:LSI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 5,000 shares of the real estate investment trust’s stock, valued at approximately $476,000.

A number of other institutional investors also recently added to or reduced their stakes in LSI. Daiwa Securities Group Inc. boosted its position in Life Storage by 22,651.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 1,456,114 shares of the real estate investment trust’s stock worth $138,564,000 after purchasing an additional 1,449,714 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of Life Storage by 21.6% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,425,183 shares of the real estate investment trust’s stock valued at $325,940,000 after buying an additional 608,989 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Life Storage by 6,003.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 444,184 shares of the real estate investment trust’s stock valued at $661,000 after buying an additional 436,907 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Life Storage by 1,718.3% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 335,509 shares of the real estate investment trust’s stock valued at $31,968,000 after buying an additional 317,057 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. purchased a new position in shares of Life Storage during the 3rd quarter valued at approximately $23,982,000. Institutional investors and hedge funds own 97.65% of the company’s stock.

Shares of LSI stock opened at $96.06 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $4.48 billion, a price-to-earnings ratio of 18.09, a PEG ratio of 3.89 and a beta of 0.33. Life Storage Inc has a fifty-two week low of $76.42 and a fifty-two week high of $102.91.

Life Storage (NYSE:LSI) last announced its quarterly earnings data on Wednesday, October 31st. The real estate investment trust reported $0.88 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.88. The company had revenue of $141.50 million for the quarter, compared to analyst estimates of $141.10 million. Life Storage had a return on equity of 6.68% and a net margin of 24.81%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 EPS. Sell-side analysts expect that Life Storage Inc will post 5.48 EPS for the current year.

LSI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Life Storage from a “buy” rating to a “hold” rating in a research report on Tuesday, August 7th. SunTrust Banks reiterated a “hold” rating and set a $95.00 target price on shares of Life Storage in a research report on Monday, September 24th. Citigroup decreased their target price on Life Storage from $100.00 to $91.00 and set a “neutral” rating on the stock in a research report on Friday, October 5th. DA Davidson increased their target price on Life Storage to $105.00 in a research report on Friday, August 3rd. Finally, ValuEngine upgraded Life Storage from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Life Storage currently has an average rating of “Hold” and an average target price of $91.50.

In other Life Storage news, President Kenneth F. Myszka sold 5,000 shares of the firm’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $94.39, for a total value of $471,950.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

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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 700 storage facilities in 28 states. 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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