Blueshift Asset Management LLC Takes Position in Life Storage Inc (LSI)

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Blueshift Asset Management LLC bought a new position in shares of Life Storage Inc (NYSE:LSI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,261 shares of the real estate investment trust’s stock, valued at approximately $210,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State Board of Administration of Florida Retirement System grew its stake in Life Storage by 1.5% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 57,521 shares of the real estate investment trust’s stock worth $5,474,000 after purchasing an additional 864 shares in the last quarter. American Century Companies Inc. purchased a new stake in Life Storage during the 3rd quarter worth about $3,727,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Life Storage during the 3rd quarter worth about $1,817,000. Nomura Asset Management Co. Ltd. lifted its holdings in Life Storage by 1.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 29,030 shares of the real estate investment trust’s stock worth $2,762,000 after buying an additional 540 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. purchased a new stake in Life Storage during the 3rd quarter worth about $476,000. Institutional investors own 97.17% of the company’s stock.

A number of analysts have issued reports on LSI shares. Evercore ISI downgraded Life Storage from an “in-line” rating to an “underperform” rating in a report on Tuesday, December 18th. They noted that the move was a valuation call. Bank of America set a $105.00 price target on Life Storage and gave the stock a “hold” rating in a report on Friday, March 1st. Finally, Zacks Investment Research downgraded Life Storage from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $97.86.

Shares of NYSE LSI opened at $96.92 on Friday. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 17.69, a price-to-earnings-growth ratio of 4.34 and a beta of 0.46. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.83. Life Storage Inc has a 1 year low of $80.12 and a 1 year high of $102.91.

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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.

Read More: How Do You Calculate Return on Equity (ROE)?

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

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