Smartstop Self Storage REIT (NYSE:SMA) Issues Quarterly Earnings Results, Misses Expectations By $0.29 EPS

Smartstop Self Storage REIT (NYSE:SMAGet Free Report) issued its earnings results on Wednesday. The healthcare company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29), FiscalAI reports. Smartstop Self Storage REIT had a return on equity of 2.32% and a net margin of 9.68%.The business had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT updated its FY 2026 guidance to 1.980-2.040 EPS.

Smartstop Self Storage REIT Stock Down 0.2%

Shares of NYSE SMA traded down $0.06 during midday trading on Friday, hitting $34.40. 402,707 shares of the stock traded hands, compared to its average volume of 798,348. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.33 and a current ratio of 5.33. Smartstop Self Storage REIT has a one year low of $29.41 and a one year high of $39.77. The business has a 50 day moving average price of $32.99 and a two-hundred day moving average price of $32.29. The company has a market cap of $1.90 billion, a PE ratio of 67.44 and a beta of 0.50.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a $0.1359 dividend. This represents a c) dividend on an annualized basis and a yield of 4.7%. This is a boost from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. The ex-dividend date of this dividend is Monday, August 31st. Smartstop Self Storage REIT’s payout ratio is 1,086.67%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Rockland Trust Co. acquired a new position in shares of Smartstop Self Storage REIT during the second quarter valued at about $208,000. Western Wealth Management LLC acquired a new stake in shares of Smartstop Self Storage REIT in the 1st quarter worth about $153,000. Bank of America Corp DE raised its holdings in shares of Smartstop Self Storage REIT by 53.4% in the 1st quarter. Bank of America Corp DE now owns 222,586 shares of the healthcare company’s stock worth $6,740,000 after acquiring an additional 77,479 shares during the last quarter. Amundi acquired a new stake in shares of Smartstop Self Storage REIT in the 1st quarter worth about $714,000. Finally, California State Teachers Retirement System lifted its position in Smartstop Self Storage REIT by 134.7% in the 1st quarter. California State Teachers Retirement System now owns 69,654 shares of the healthcare company’s stock valued at $2,109,000 after acquiring an additional 39,975 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Wells Fargo & Company reiterated a “neutral” rating on shares of Smartstop Self Storage REIT in a research note on Friday, July 24th. 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 target price on the stock. Finally, Weiss Ratings raised shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.44.

Read Our Latest Research Report on Smartstop Self Storage REIT

Smartstop Self Storage REIT Company Profile

(Get Free Report)

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.

See Also

Earnings History for Smartstop Self Storage REIT (NYSE:SMA)

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.