5 Best Self Storage Stocks to Buy Now

3. Life Storage, Inc. (NYSE:LSI)

Number of Hedge Fund Holders: 47

Life Storage, Inc. (NYSE:LSI) is a self-administered and self-managed REIT that acquires and manages self-storage facilities. It is one of the best self storage stocks to monitor. On May 2, Life Storage, Inc. (NYSE:LSI) reported a Q1 FFO of $1.63 and a revenue of $273.6 million, topping Wall Street estimates by $0.01 and $9.13 million, respectively. The company expects FY23 adjusted funds from operations per share between $6.75 to $6.95, versus a consensus of $6.93. 

According to Insider Monkey’s first quarter database, 47 hedge funds were bullish on Life Storage, Inc. (NYSE:LSI), up from 28 funds in the earlier quarter. The collective stakes held by hedge funds in Q1 2023 increased to $1 billion from $566 million in Q4 2022. 

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