5 Stocks to Buy Today According to British Billionaire David Harding

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

Harding’s Stake Value: $13,743,000
Percentage of David Harding’s 13F Portfolio: 0.73%
Number of Hedge Fund Holders: 21

Life Storage, Inc. (NYSE: LSI) is a self-administered and self-managed equity REIT specializing in acquiring and managing self-storage facilities. It was founded in 1982 and is ranked third on the list of 10 stocks to buy today according to British billionaire David Harding. Life Storage, Inc. (NYSE: LSI) currently has a $18.79 billion market capitalization and was able to deliver a 74.19% return in the past 12 months.

On August 23, KeyBanc analyst Todd Thomas raised the price target on Life Storage, Inc. (NYSE: LSI) to $128 from $120 and kept an “Overweight” rating on the shares. On August 3, Life Storage, Inc. (NYSE: LSI) posted earnings for the second quarter of 2021. It declared Funds from operations (FFO) of $1.20, beating the estimates by $0.06. In addition, the revenue over the period was $187.26 million, surpassing the market predictions by $8.96 million. 

David Harding’s Winton Capital Management holds 128,024 shares in Life Storage, Inc. (NYSE: LSI), worth over $13.74 million. This represents 0.73% of their portfolio. Winton Capital Management’s stake in Life Storage, Inc. (NYSE: LSI) increased by 13% in the second quarter of 2021, latest data reveals. Life Storage, Inc. (NYSE: LSI) is also getting the attention of the smart money, as 21 hedge funds tracked by Insider Monkey reported owning stakes in the company in the second quarter of 2021, down from 26 funds a quarter earlier.