Janus Henderson Group PLC decreased its stake in Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) by 40.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 246,012 shares of the healthcare company’s stock after selling 166,106 shares during the period. Janus Henderson Group PLC’s holdings in Smartstop Self Storage REIT were worth $7,449,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in SMA. Rossby Financial LCC lifted its holdings in shares of Smartstop Self Storage REIT by 7.4% during 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 increased its stake in Smartstop Self Storage REIT by 80.1% in the fourth quarter. Arax Advisory Partners now owns 1,439 shares of the healthcare company’s stock valued at $45,000 after acquiring an additional 640 shares during the last quarter. MetLife Investment Management LLC raised its position in 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 purchasing an additional 671 shares in the last quarter. Assetmark Inc. raised its position in Smartstop Self Storage REIT by 68.0% during the first quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock valued at $52,000 after purchasing an additional 690 shares in the last quarter. Finally, Strs Ohio lifted its stake in Smartstop Self Storage REIT by 0.7% during the first quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock worth $3,155,000 after purchasing an additional 700 shares during the last quarter.
Smartstop Self Storage REIT Stock Up 0.7%
Shares of NYSE:SMA opened at $33.93 on Thursday. The stock has a market capitalization of $1.88 billion, a P/E ratio of 226.19 and a beta of 0.50. The stock’s 50-day moving average price is $32.94 and its 200-day moving average price is $32.28. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.86. Smartstop Self Storage REIT Inc has a 12-month low of $29.41 and a 12-month high of $39.77.
Smartstop Self Storage REIT Increases Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.1359 dividend. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) dividend on an annualized basis and a yield of 4.8%. Smartstop Self Storage REIT’s payout ratio is presently 1,086.67%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently issued reports on SMA shares. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Raymond James Financial started coverage on Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 target price for the company. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Smartstop Self Storage REIT in a research note on Friday, July 24th. Finally, Zacks Research raised Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Smartstop Self Storage REIT has an average rating of “Moderate Buy” and a consensus price target of $36.44.
About Smartstop Self Storage REIT
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.
Further Reading
- Five stocks we like better than Smartstop Self Storage REIT
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
Want to see what other hedge funds are holding SMA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Smartstop Self Storage REIT Inc (NYSE:SMA – Free 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.
