Shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Get Free Report) have received a consensus recommendation of “Moderate Buy” from the eleven analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $36.42.
Several equities analysts recently weighed in on the company. Raymond James Financial began coverage on 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. JPMorgan Chase & Co. lifted their price target on Smartstop Self Storage REIT from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, September 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Smartstop Self Storage REIT in a research note on Wednesday, October 14th. Wells Fargo & Company upped their price objective on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Finally, BMO Capital Markets lowered shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a report on Thursday, August 27th.
View Our Latest Stock Analysis on SMA
Insider Buying and Selling
In related news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $34.36, for a total transaction of $35,219.00. Following the completion of the transaction, the general counsel owned 588 shares of the company’s stock, valued at approximately $20,203.68. This represents a 63.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 2,300 shares of company stock worth $77,604 over the last ninety days. Corporate insiders own 5.70% of the company’s stock.
Hedge Funds Weigh In On Smartstop Self Storage REIT
A number of hedge funds have recently made changes to their positions in SMA. Allworth Financial LP raised its position in 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 period. Assetmark Inc. boosted 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 worth $52,000 after buying an additional 690 shares during the period. Strs Ohio boosted its position in shares of Smartstop Self Storage REIT by 0.7% in the first quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock worth $3,155,000 after buying an additional 700 shares during the period. State of Wyoming boosted its position in shares of Smartstop Self Storage REIT by 9.2% in the first quarter. State of Wyoming now owns 8,783 shares of the healthcare company’s stock worth $266,000 after buying an additional 738 shares during the period. Finally, Peregrine Capital Management LLC grew its stake in shares of Smartstop Self Storage REIT by 0.5% in the first quarter. Peregrine Capital Management LLC now owns 157,994 shares of the healthcare company’s stock valued at $4,784,000 after buying an additional 813 shares in the last quarter.
Smartstop Self Storage REIT Stock Down 0.0%
SMA stock opened at $35.63 on Monday. The company has a 50 day moving average price of $33.02 and a two-hundred day moving average price of $32.69. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28. The stock has a market capitalization of $1.97 billion, a P/E ratio of 69.86 and a beta of 0.48. Smartstop Self Storage REIT has a one year low of $29.41 and a one year high of $38.69.
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share 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 business had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. As a group, sell-side analysts expect that Smartstop Self Storage REIT will post 2.02 EPS for the current year.
Smartstop Self Storage REIT Increases Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a $0.1359 dividend. The ex-dividend date is Friday, October 30th. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315. This represents a $1.63 dividend on an annualized basis and a yield of 4.6%. Smartstop Self Storage REIT’s payout ratio is presently 309.80%.
Smartstop Self Storage REIT Company Profile
SmartStop Self Storage REIT, Inc (NYSE: SMA) is a self-managed real estate investment trust focused on owning, operating and acquiring self-storage properties. Its facilities provide individuals and businesses with storage units in a range of sizes, along with related services such as online reservations, electronic access and tenant protection offerings.
The company serves customers primarily in the United States and also has exposure to the Canadian self-storage market. Its portfolio includes conventional self-storage facilities and properties offering vehicle, commercial and other specialized storage options.
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