Economy

Life Storage, Inc. (LSI) Shares Bought by Legal & General Group Plc

Life Storage, Inc. (LSI) Shares Bought by Legal & General Group Plc”

The firm owned 8,001 shares of the real estate investment trust's stock after selling 10 shares during the period. Wells Fargo & Company MN acquired a new stake in shares of Life Storage during the third quarter valued at about $5,675,000.

The following firms have recently changed their position in PSA. Exane Derivatives bolstered its investment by buying 2 shares an increase of 5.1% as of 06/30/2017. Independent Order of Foresters now owns 52,776 shares of the real estate investment trust's stock valued at $3,911,000 after purchasing an additional 9,200 shares in the last quarter. Following the transaction, the director now owns 7,413 shares of the company's stock, valued at approximately $542,631.60. Next Financial Group, Inc expanded its ownership by buying 40 shares an increase of 5.7%. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Life Storage by 0.9% during the first 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 purchasing an additional 9,822 shares in the last quarter.

INC Research Holdings, Inc.is a global contract research organization. Shares saw a steep increase in trading volume of 96.57% over the normal average daily volume. It also upped Lyondellbasell Industries Nv (NYSE:LYB) stake by 23,760 shares and now owns 430,780 shares. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Andrew J. Gregoire purchased 1,500 shares of the firm's stock in a transaction dated Monday, August 21st. The total value of its holdings increased 105,342.2%. Forsta Ap-fonden now owns 46,000 shares valued at $9,592,000. The disclosure for this purchase can be found here. Insiders bought a total of 3,190 shares of company stock worth $230,042 over the last ninety days.

Let's take an assessment at how Life Storage, Inc.

1,314K shares changed hands on Friday. The shares price has directed -10.93% toward a lower level throughout previous year and swapped 12.99% toward a strong spot during past one month.

It is trading at $218.47 which is slightly above $203.59, the 50 day moving average and marginally over the 200 day moving average of $213.31. Public Storage now has $37.99 billion valuation. The real estate investment trust reported $1.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.54 by $0.95. Life Storage had a return on equity of 2.56% and a net margin of 10.28%. The company earned $127.80 million during the quarter, compared to analysts' expectations of $122.29 million. The business's revenue for the quarter was up 24.1% on a year-over-year basis. Next quarter's EPS is forecasted to be $2.01 with next year's EPS projected to be $7.78.

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Underhill Investment Management Llc holds 7.77% of its portfolio in INC Research Holdings Inc for 254,950 shares.

PSA has been the topic of several research analyst reports. Robert W. Baird lowered shares of Life Storage from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $108.00 to $92.00 in a research report on Thursday, January 5th. Jefferies maintained it with "Hold" rating and $22200 target in Monday, June 12 report.

On August 18 Jefferies made no change to the company rating of "Hold" and raised the price target from $189.00 to $210.00. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the stock.

Public Storage now has a P/E ratio of 31.17 and market capitalization is 38.01B.

Why to Observe Volume of Life Storage, Inc. The Firm 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 investors own 80.22% of the company's stock.



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