Vanguard Group Inc. grew its holdings in Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) by 122.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,576,922 shares of the healthcare company’s stock after acquiring an additional 1,967,321 shares during the quarter. Vanguard Group Inc. owned approximately 0.06% of Smartstop Self Storage REIT worth $110,670,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Smartstop Self Storage REIT in the third quarter worth $26,000. Raymond James Financial Inc. purchased a new stake in Smartstop Self Storage REIT in the second quarter worth $35,000. Assetmark Inc. purchased a new stake in shares of Smartstop Self Storage REIT in the 4th quarter worth $31,000. Avalon Trust Co purchased a new stake in shares of Smartstop Self Storage REIT in the 3rd quarter worth $40,000. Finally, Franklin Resources Inc. lifted its holdings in shares of Smartstop Self Storage REIT by 2.0% in the 3rd quarter. Franklin Resources Inc. now owns 56,157 shares of the healthcare company’s stock worth $2,114,000 after buying an additional 1,093 shares during the period.
Smartstop Self Storage REIT Trading Down 1.8%
Shares of NYSE:SMA opened at $31.75 on Wednesday. The business’s 50-day moving average is $31.77 and its 200 day moving average is $32.43. Smartstop Self Storage REIT Inc has a 1 year low of $29.42 and a 1 year high of $39.77. The firm has a market capitalization of $1.76 billion and a P/E ratio of 211.69. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.33 and a quick ratio of 5.87.
Smartstop Self Storage REIT Increases Dividend
The company also recently declared a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.1359 dividend. This is a boost 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 5.1%. The ex-dividend date of this dividend is Friday, May 29th. Smartstop Self Storage REIT’s dividend payout ratio is presently 1,053.33%.
Analyst Ratings Changes
Several brokerages have weighed in on SMA. Scotiabank upgraded Smartstop Self Storage REIT to a “strong-buy” rating in a report on Thursday, March 19th. Wall Street Zen raised Smartstop Self Storage REIT from a “sell” rating to a “hold” rating in a research report on Saturday, March 7th. Wells Fargo & Company reduced their price target on Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, April 16th. Zacks Research raised Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Weiss Ratings raised Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Smartstop Self Storage REIT presently has a consensus rating of “Moderate Buy” and an average price target of $36.94.
Get Our Latest Analysis on SMA
Smartstop Self Storage REIT Company 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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