Smartstop Self Storage REIT Inc (NYSE:SMA – Get Free Report) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as $29.42 and last traded at $29.6010, with a volume of 125483 shares traded. The stock had previously closed at $30.76.
Analysts Set New Price Targets
SMA has been the subject of a number of analyst reports. Truist Financial lowered their price target on Smartstop Self Storage REIT from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Stifel Nicolaus lowered their price target on Smartstop Self Storage REIT from $39.50 to $38.50 and set a “buy” rating for the company in a research report on Thursday, February 26th. Scotiabank upgraded Smartstop Self Storage REIT to a “strong-buy” rating in a research report on Thursday, March 19th. Wells Fargo & Company lowered their price target on Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Finally, JPMorgan Chase & Co. lowered their price target on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.94.
Read Our Latest Stock Report on Smartstop Self Storage REIT
Smartstop Self Storage REIT Stock Performance
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last released its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.The business had revenue of $78.31 million for the quarter, compared to analyst estimates of $72.56 million. The company’s revenue was up 19.7% on a year-over-year basis. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. On average, sell-side analysts anticipate that Smartstop Self Storage REIT Inc will post 2.02 EPS for the current year.
Smartstop Self Storage REIT Increases Dividend
The firm also recently announced a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be paid a $0.1359 dividend. The ex-dividend date is Friday, May 29th. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a yield of 5.5%. Smartstop Self Storage REIT’s payout ratio is 1,053.33%.
Institutional Trading of Smartstop Self Storage REIT
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its stake in Smartstop Self Storage REIT by 13.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,913,679 shares of the healthcare company’s stock worth $182,972,000 after purchasing an additional 710,871 shares during the period. Vanguard Group Inc. increased its stake in Smartstop Self Storage REIT by 122.2% in the fourth quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock worth $110,670,000 after purchasing an additional 1,967,321 shares during the period. Principal Financial Group Inc. increased its stake in Smartstop Self Storage REIT by 25.6% in the first quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock worth $78,611,000 after purchasing an additional 528,974 shares during the period. Wellington Management Group LLP increased its stake in Smartstop Self Storage REIT by 18.3% in the fourth quarter. Wellington Management Group LLP now owns 1,414,451 shares of the healthcare company’s stock worth $43,763,000 after purchasing an additional 218,386 shares during the period. Finally, Goldentree Asset Management LP increased its stake in Smartstop Self Storage REIT by 24.5% in the third quarter. Goldentree Asset Management LP now owns 1,181,767 shares of the healthcare company’s stock worth $44,393,000 after purchasing an additional 232,466 shares during the period.
Smartstop Self Storage REIT Company Profile
Symmetry Medical Inc (Symmetry) is a medical device solutions company, including surgical instruments, orthopedic implants, and sterilization cases and trays. The Company designs, develops and offers worldwide production and supply chain capabilities for these products to customers in the orthopedic industry, and other medical device markets (including but not limited to arthroscopy, dental, laparoscopy, osteobiologic, and endoscopy segments). It also manufactures specialized non-healthcare products, primarily in the aerospace industry.
Read More
- Five stocks we like better than Smartstop Self Storage REIT
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Receive News & Ratings for Smartstop Self Storage REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Smartstop Self Storage REIT and related companies with MarketBeat.com's FREE daily email newsletter.
