Hsbc Holdings PLC bought a new stake in shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 95,746 shares of the healthcare company’s stock, valued at approximately $2,899,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Rossby Financial LCC raised its stake in shares of Smartstop Self Storage REIT by 7.4% in the fourth quarter. Rossby Financial LCC now owns 7,186 shares of the healthcare company’s stock worth $222,000 after purchasing an additional 497 shares during the last quarter. Arax Advisory Partners boosted its position in shares of Smartstop Self Storage REIT by 80.1% during the fourth quarter. Arax Advisory Partners now owns 1,439 shares of the healthcare company’s stock valued at $45,000 after buying an additional 640 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Smartstop Self Storage REIT by 3.5% during the fourth 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. Strs Ohio increased its holdings in Smartstop Self Storage REIT by 0.7% in the 1st quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock worth $3,155,000 after buying an additional 700 shares in the last quarter. Finally, Peregrine Capital Management LLC increased its holdings in Smartstop Self Storage REIT by 0.5% in the 1st quarter. Peregrine Capital Management LLC now owns 157,994 shares of the healthcare company’s stock worth $4,784,000 after buying an additional 813 shares in the last quarter.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on SMA shares. Zacks Research upgraded shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Raymond James Financial began coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price objective on the stock. Finally, Wells Fargo & Company restated a “neutral” rating on shares of Smartstop Self Storage REIT in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.44.
Smartstop Self Storage REIT Stock Up 3.1%
SMA stock opened at $34.73 on Friday. Smartstop Self Storage REIT Inc has a fifty-two week low of $29.41 and a fifty-two week high of $39.77. The business’s 50-day moving average is $32.37 and its two-hundred day moving average is $32.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.33 and a current ratio of 5.33. The company has a market cap of $1.92 billion, a price-to-earnings ratio of 231.53 and a beta of 0.56.
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last announced its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The business had revenue of $78.31 million for 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%.Smartstop Self Storage REIT’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. As a group, analysts forecast that Smartstop Self Storage REIT Inc will post 2 earnings per share for the current year.
Smartstop Self Storage REIT Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Investors of record on Friday, July 31st will be issued a $0.1359 dividend. The ex-dividend date of this dividend is Friday, July 31st. 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 dividend yield of 4.7%. Smartstop Self Storage REIT’s payout ratio is 1,053.33%.
Smartstop Self Storage REIT 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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