Rhumbline Advisers decreased its position in shares of Life Storage, Inc. (NYSE:LSI) by 6.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,094 shares of the real estate investment trust’s stock after selling 6,605 shares during the period. Rhumbline Advisers owned approximately 0.21% of Life Storage worth $7,046,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas increased its stake in Life Storage by 16.4% in the second quarter. Teacher Retirement System of Texas now owns 69,602 shares of the real estate investment trust’s stock valued at $5,158,000 after buying an additional 9,822 shares during the period. Arizona State Retirement System increased its stake in shares of Life Storage by 1.6% in the second quarter. Arizona State Retirement System now owns 19,600 shares of the real estate investment trust’s stock worth $1,452,000 after buying an additional 300 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Life Storage by 12.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 472,985 shares of the real estate investment trust’s stock worth $35,049,000 after buying an additional 51,394 shares during the period. Independent Order of Foresters increased its stake in shares of Life Storage by 21.1% in the second quarter. Independent Order of Foresters now owns 52,776 shares of the real estate investment trust’s stock worth $3,911,000 after buying an additional 9,200 shares during the period. Finally, Retirement Systems of Alabama increased its stake in shares of Life Storage by 2.1% in the second quarter. Retirement Systems of Alabama now owns 119,628 shares of the real estate investment trust’s stock worth $8,864,000 after buying an additional 2,426 shares during the period. Institutional investors and hedge funds own 99.62% of the company’s stock.

Shares of Life Storage, Inc. (LSI) opened at 73.48 on Monday. The company has a 50 day moving average of $72.90 and a 200 day moving average of $78.39. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 64.29 and a beta of 0.56. Life Storage, Inc. has a 52-week low of $69.00 and a 52-week high of $95.05.

Life Storage (NYSE:LSI) last released its earnings results on Wednesday, August 2nd. The real estate investment trust reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by $0.02. The firm had revenue of $132.78 million for the quarter, compared to the consensus estimate of $132.62 million. Life Storage had a return on equity of 2.56% and a net margin of 10.28%. The company’s revenue was up 24.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.32 EPS. Analysts predict that Life Storage, Inc. will post $1.92 EPS for the current fiscal year.

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A number of equities analysts have weighed in on the stock. ValuEngine cut shares of Life Storage from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Citigroup Inc. reiterated a “buy” rating and issued a $92.00 target price (down from $100.00) on shares of Life Storage in a research report on Sunday, May 14th. FBR & Co set a $79.00 target price on shares of Life Storage and gave the company a “hold” rating in a research report on Thursday, May 4th. TheStreet cut shares of Life Storage from a “b-” rating to a “c+” rating in a research report on Monday, June 19th. Finally, Jefferies Group LLC set a $72.00 price objective on shares of Life Storage and gave the stock a “hold” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $80.73.

In other news, CFO Andrew J. Gregoire bought 1,500 shares of the company’s stock in a transaction dated Monday, August 21st. The stock was bought at an average price of $71.65 per share, for a total transaction of $107,475.00. Following the completion of the transaction, the chief financial officer now directly owns 48,173 shares in the company, valued at approximately $3,451,595.45. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Arthur L. Havener, Jr. bought 990 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of $73.20 per share, with a total value of $72,468.00. Following the transaction, the director now owns 7,413 shares of the company’s stock, valued at $542,631.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 3,190 shares of company stock valued at $230,042. 1.90% of the stock is currently owned by corporate insiders.

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.

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

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