Life Storage Inc (LSI) Shares Bought by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund grew its holdings in shares of Life Storage Inc (NYSE:LSI) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,969 shares of the real estate investment trust’s stock after acquiring an additional 523 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Life Storage were worth $1,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allianz Asset Management GmbH acquired a new position in shares of Life Storage in the first quarter valued at approximately $2,489,000. Schwab Charles Investment Management Inc. increased its stake in shares of Life Storage by 5.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 610,231 shares of the real estate investment trust’s stock valued at $59,382,000 after buying an additional 33,461 shares during the period. Robeco Institutional Asset Management B.V. acquired a new position in shares of Life Storage in the second quarter valued at approximately $1,796,000. Rothschild Asset Management Inc. acquired a new position in shares of Life Storage in the second quarter valued at approximately $20,458,000. Finally, HGK Asset Management Inc. acquired a new position in shares of Life Storage in the second quarter valued at approximately $424,000. 94.26% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on the company. DA Davidson upped their price objective on Life Storage to $105.00 in a research note on Friday, August 3rd. Citigroup upped their price objective on Life Storage from $83.00 to $100.00 and gave the company a “neutral” rating in a research note on Thursday, July 12th. BMO Capital Markets reaffirmed a “hold” rating and issued a $87.00 price objective on shares of Life Storage in a research note on Wednesday, August 1st. Jefferies Financial Group set a $95.00 price objective on Life Storage and gave the company a “hold” rating in a research note on Tuesday, July 17th. Finally, ValuEngine raised Life Storage from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Life Storage currently has an average rating of “Hold” and a consensus target price of $91.58.

NYSE:LSI opened at $96.54 on Friday. The company has a market cap of $4.61 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 4.03 and a beta of 0.40. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.20 and a quick ratio of 0.20. 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 released its earnings results on Wednesday, August 1st. The real estate investment trust reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $1.34 by ($0.50). The firm had revenue of $138.00 million for the quarter, compared to analyst estimates of $135.97 million. Life Storage had a net margin of 24.04% and a return on equity of 6.53%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. sell-side analysts expect that Life Storage Inc will post 5.46 EPS for the current year.

Life Storage 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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