Teachers Advisors LLC boosted its stake in Life Storage Inc (NYSE:LSI) by 21.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 76,132 shares of the real estate investment trust’s stock after purchasing an additional 13,337 shares during the period. Teachers Advisors LLC owned about 0.16% of Life Storage worth $7,245,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Life Storage by 1.5% in the third quarter. BlackRock Inc. now owns 5,525,374 shares of the real estate investment trust’s stock worth $525,796,000 after acquiring an additional 83,927 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Life Storage by 21.6% in the third quarter. Massachusetts Financial Services Co. MA now owns 3,425,183 shares of the real estate investment trust’s stock worth $325,940,000 after acquiring an additional 608,989 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Life Storage by 22,651.8% in the third quarter. Daiwa Securities Group Inc. now owns 1,456,114 shares of the real estate investment trust’s stock worth $138,564,000 after acquiring an additional 1,449,714 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Life Storage by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 719,103 shares of the real estate investment trust’s stock worth $68,428,000 after acquiring an additional 1,892 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Life Storage by 4.7% in the second quarter. Northern Trust Corp now owns 705,845 shares of the real estate investment trust’s stock worth $68,685,000 after acquiring an additional 31,787 shares in the last quarter. Hedge funds and other institutional investors own 99.69% of the company’s stock.

In related news, President Kenneth F. Myszka sold 5,000 shares of the business’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $94.39, for a total value of $471,950.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Edward F. Killeen sold 1,306 shares of the business’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $101.99, for a total transaction of $133,198.94. Following the completion of the sale, the chief operating officer now directly owns 24,763 shares of the company’s stock, valued at $2,525,578.37. The disclosure for this sale can be found here. In the last quarter, insiders have sold 10,962 shares of company stock valued at $1,074,506. Insiders own 1.80% of the company’s stock.

Several equities analysts have commented on the stock. ValuEngine upgraded shares of Life Storage from a “hold” rating to a “buy” rating in a research note on Monday, November 12th. Citigroup dropped their price target on shares of Life Storage from $100.00 to $91.00 and set a “neutral” rating for the company in a research note on Friday, October 5th. SunTrust Banks restated a “hold” rating and issued a $95.00 price target on shares of Life Storage in a research note on Monday, September 24th. Finally, Evercore ISI downgraded shares of Life Storage from an “in-line” rating to an “underperform” rating in a research note on Tuesday, December 18th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $93.20.

Shares of LSI stock opened at $92.28 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $4.28 billion, a P/E ratio of 17.38, a PEG ratio of 3.62 and a beta of 0.44. Life Storage Inc has a 12 month low of $76.42 and a 12 month high of $102.91.

Life Storage (NYSE:LSI) last issued its earnings results on Wednesday, October 31st. The real estate investment trust reported $0.88 EPS for the quarter, hitting analysts’ consensus estimates of $0.88. The firm had revenue of $141.50 million during the quarter, compared to the consensus estimate of $141.10 million. Life Storage had a net margin of 24.81% and a return on equity of 6.68%. The company’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 earnings per share. On average, sell-side analysts anticipate that Life Storage Inc will post 5.5 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, January 28th. Investors of record on Tuesday, January 15th will be paid a dividend of $1.00 per share. The ex-dividend date is Monday, January 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 4.33%. Life Storage’s payout ratio is currently 75.33%.

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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 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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