Life Storage, Inc. (LSI) Stake Boosted by Credit Agricole S A

Credit Agricole S A boosted its position in Life Storage, Inc. (NYSE:LSI) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,569 shares of the real estate investment trust’s stock after buying an additional 1,082 shares during the period. Credit Agricole S A owned approximately 0.09% of Life Storage worth $3,414,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. RidgeWorth Capital Management LLC increased its stake in shares of Life Storage by 43.2% in the first quarter. RidgeWorth Capital Management LLC now owns 689,600 shares of the real estate investment trust’s stock worth $56,630,000 after buying an additional 208,175 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Life Storage by 7.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 614,773 shares of the real estate investment trust’s stock worth $52,414,000 after buying an additional 41,134 shares during the period. APG Asset Management US Inc. increased its stake in shares of Life Storage by 24.5% in the first quarter. APG Asset Management US Inc. now owns 613,500 shares of the real estate investment trust’s stock worth $50,381,000 after buying an additional 120,800 shares during the period. Norges Bank purchased a new stake in shares of Life Storage during the fourth quarter worth $37,286,000. Finally, Kempen Capital Management N.V. increased its stake in shares of Life Storage by 17.1% in the first quarter. Kempen Capital Management N.V. now owns 286,850 shares of the real estate investment trust’s stock worth $23,556,000 after buying an additional 41,900 shares during the period. 98.96% of the stock is owned by institutional investors.

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

Life Storage, Inc. (NYSE:LSI) traded down 0.13% during trading on Friday, reaching $75.19. 429,436 shares of the company were exchanged. The company has a market capitalization of $3.48 billion, a P/E ratio of 44.13 and a beta of 0.56. The firm’s 50-day moving average is $74.99 and its 200 day moving average is $81.72. Life Storage, Inc. has a one year low of $72.08 and a one year high of $107.71.

Life Storage (NYSE:LSI) last announced its earnings results on Wednesday, May 3rd. The real estate investment trust reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by $0.01. Life Storage had a net margin of 15.72% and a return on equity of 3.68%. The company had revenue of $128.30 million for the quarter, compared to the consensus estimate of $128.19 million. The company’s revenue was up 29.5% compared to the same quarter last year. On average, analysts anticipate that Life Storage, Inc. will post $2.36 EPS for the current fiscal year.

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LSI has been the subject of a number of recent analyst reports. Cantor Fitzgerald downgraded shares of Life Storage from an “overweight” rating to a “neutral” rating and set a $78.00 price target for the company. in a report on Friday, May 5th. Zacks Investment Research raised shares of Life Storage from a “sell” rating to a “hold” rating in a report on Wednesday, May 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $96.00 price target on shares of Life Storage in a report on Wednesday, March 22nd. Evercore ISI downgraded shares of Life Storage to a “buy” rating in a report on Friday, March 3rd. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $92.00 price target (down previously from $100.00) on shares of Life Storage in a report on Sunday, May 14th. One analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $92.33.

In related news, insider Paul T. Powell bought 700 shares of the company’s stock in a transaction on Tuesday, May 9th. The stock was acquired at an average cost of $73.04 per share, for a total transaction of $51,128.00. Following the completion of the transaction, the insider now directly owns 44,296 shares in the company, valued at approximately $3,235,379.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.60% of the company’s stock.

Life Storage Company 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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