Shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Get Free Report) have been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four 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 price objective among brokers that have issued ratings on the stock in the last year is $36.8611.
Several brokerages recently weighed in on SMA. Raymond James Financial initiated 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. Wells Fargo & Company boosted their target price on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Robert W. Baird increased their price target on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. National Bank Financial raised their price target on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Finally, Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th.
Check Out 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, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%.The company had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Research analysts expect that Smartstop Self Storage REIT will post 2 EPS for the current fiscal year.
Smartstop Self Storage REIT Cuts Dividend
The business also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a $0.1315 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. Smartstop Self Storage REIT’s payout ratio is currently 319.61%.
Insider Activity
In other news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $34.36, for a total transaction of $35,219.00. Following the completion of the sale, the general counsel owned 588 shares in the company, valued at approximately $20,203.68. This represents a 63.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders sold 1,875 shares of company stock worth $63,328. Corporate insiders own 5.70% of the company’s stock.
Hedge Funds Weigh In On Smartstop Self Storage REIT
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rossby Financial LCC raised its holdings 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 period. Arax Advisory Partners boosted its holdings in 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 acquiring an additional 640 shares during the period. MetLife Investment Management LLC boosted its holdings 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 acquiring an additional 671 shares during the period. Allworth Financial LP grew its position in shares of Smartstop Self Storage REIT by 61.4% in the second quarter. Allworth Financial LP now owns 1,788 shares of the healthcare company’s stock valued at $58,000 after purchasing an additional 680 shares during the last quarter. Finally, Assetmark Inc. grew its position in shares of Smartstop Self Storage REIT by 68.0% in 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 during the last quarter.
Smartstop Self Storage REIT Company Profile
SmartStop Self Storage REIT, Inc is a self-managed and fully integrated real estate investment trust focused on the ownership, operation, acquisition and development of self-storage properties. The company provides storage solutions for residential, commercial and vehicle-storage customers through facilities operating primarily under the SmartStop Self Storage brand.
SmartStop’s properties offer a range of unit sizes and features, including climate-controlled storage, drive-up access, month-to-month rental options, online leasing and payment services, and protection plans.
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