Natixis Advisors L.P. bought a new stake in Life Storage Inc (NYSE:LSI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 39,793 shares of the real estate investment trust’s stock, valued at approximately $4,308,000. Natixis Advisors L.P. owned about 0.09% of Life Storage at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc bought a new position in Life Storage during the 3rd quarter worth approximately $46,000. FMR LLC boosted its stake in shares of Life Storage by 138.7% in the fourth quarter. FMR LLC now owns 721 shares of the real estate investment trust’s stock worth $78,000 after acquiring an additional 419 shares during the last quarter. TRUE Private Wealth Advisors acquired a new stake in shares of Life Storage in the fourth quarter worth approximately $97,000. PNC Financial Services Group Inc. boosted its stake in shares of Life Storage by 5.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,023 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 105 shares during the last quarter. Finally, Hoylecohen LLC acquired a new stake in shares of Life Storage in the third quarter worth approximately $224,000. Institutional investors own 90.99% of the company’s stock.
LSI has been the subject of several analyst reports. Zacks Investment Research cut Life Storage from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Stifel Nicolaus raised Life Storage from a “hold” rating to a “buy” rating and increased their target price for the stock from $106.00 to $114.00 in a research report on Thursday, October 31st. Robert W. Baird increased their target price on Life Storage from $101.00 to $114.00 and gave the stock a “neutral” rating in a research report on Thursday, February 20th. Bank of America raised Life Storage from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $102.00 to $111.00 in a research report on Monday, January 6th. Finally, KeyCorp increased their target price on Life Storage from $114.00 to $122.00 and gave the stock an “overweight” rating in a research report on Tuesday. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Life Storage has a consensus rating of “Hold” and an average price target of $114.13.
Shares of LSI traded down $4.14 during trading hours on Friday, hitting $107.93. 57,007 shares of the company were exchanged, compared to its average volume of 304,945. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.30 and a quick ratio of 0.28. The company has a market capitalization of $5.48 billion, a PE ratio of 19.51, a PEG ratio of 4.75 and a beta of 0.35. The firm has a fifty day simple moving average of $114.28 and a 200-day simple moving average of $108.30. Life Storage Inc has a one year low of $90.99 and a one year high of $119.50.
Life Storage (NYSE:LSI) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.93 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.50). The company had revenue of $147.55 million for the quarter, compared to analyst estimates of $146.29 million. Life Storage had a net margin of 45.01% and a return on equity of 12.38%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $1.98 EPS. Sell-side analysts expect that Life Storage Inc will post 6 EPS for the current year.
About Life Storage
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.
Featured Story: What member countries make up the G-20?
Want to see what other hedge funds are holding LSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Life Storage Inc (NYSE:LSI).
Receive News & Ratings for Life Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Life Storage and related companies with MarketBeat.com's FREE daily email newsletter.