Smartstop Self Storage REIT Inc (NYSE:SMA – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $36.8125.
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective 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. Scotiabank upgraded Smartstop Self Storage REIT to a “strong-buy” rating in a research note on Thursday, March 19th. Robert W. Baird reduced their target price on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings upgraded Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th.
Check Out Our Latest Research Report on Smartstop Self Storage REIT
Smartstop Self Storage REIT Stock Up 2.0%
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $78.31 million during the quarter, compared to analysts’ expectations of $72.56 million. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.The company’s revenue was up 19.7% compared to the same quarter last year. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. Equities research analysts forecast that Smartstop Self Storage REIT will post 2.01 EPS for the current fiscal year.
Smartstop Self Storage REIT Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.1315 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.7%. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is 1,086.67%.
Hedge Funds Weigh In On Smartstop Self Storage REIT
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rossby Financial LCC raised its stake in Smartstop Self Storage REIT by 7.4% in the 4th quarter. Rossby Financial LCC now owns 7,186 shares of the healthcare company’s stock worth $222,000 after acquiring an additional 497 shares during the last quarter. Arax Advisory Partners raised its stake in Smartstop Self Storage REIT by 80.1% in the 4th quarter. Arax Advisory Partners now owns 1,439 shares of the healthcare company’s stock worth $45,000 after acquiring an additional 640 shares during the last quarter. MetLife Investment Management LLC raised its stake in shares of Smartstop Self Storage REIT by 3.5% during the 4th quarter. MetLife Investment Management LLC now owns 19,944 shares of the healthcare company’s stock valued at $617,000 after buying an additional 671 shares during the last quarter. Assetmark Inc. raised its stake in shares of Smartstop Self Storage REIT by 68.0% during the 1st quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock valued at $52,000 after buying an additional 690 shares during the last quarter. Finally, Strs Ohio raised its stake in shares of Smartstop Self Storage REIT by 0.7% during the 1st quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock valued at $3,155,000 after buying an additional 700 shares during the last quarter.
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.
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