Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) was upgraded by equities research analysts at Raymond James Financial to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.
SMA has been the topic of several other reports. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Scotiabank raised shares of Smartstop Self Storage REIT to a “strong-buy” rating in a research report on Thursday, March 19th. JPMorgan Chase & Co. dropped their price target on shares of Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday, March 23rd. Wells Fargo & Company increased their price objective on shares of Smartstop Self Storage REIT from $30.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Finally, Weiss Ratings raised shares of Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.31.
Read Our Latest Report on Smartstop Self Storage REIT
Smartstop Self Storage REIT Stock Performance
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last announced its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.The business had revenue of $78.31 million for the quarter, compared to analyst estimates of $72.56 million. The firm’s revenue was up 19.7% on a year-over-year basis. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. On average, research analysts expect that Smartstop Self Storage REIT will post 2.01 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Smartstop Self Storage REIT
Several large investors have recently added to or reduced their stakes in SMA. Rossby Financial LCC boosted its holdings in Smartstop Self Storage REIT by 7.4% in the fourth quarter. Rossby Financial LCC now owns 7,186 shares of the healthcare company’s stock worth $222,000 after purchasing an additional 497 shares during the period. Arax Advisory Partners lifted its position in shares of Smartstop Self Storage REIT by 80.1% in the 4th quarter. Arax Advisory Partners now owns 1,439 shares of the healthcare company’s stock worth $45,000 after buying an additional 640 shares during the last quarter. MetLife Investment Management LLC lifted its position in shares of Smartstop Self Storage REIT by 3.5% in the 4th quarter. MetLife Investment Management LLC now owns 19,944 shares of the healthcare company’s stock worth $617,000 after buying an additional 671 shares during the last quarter. Assetmark Inc. boosted its holdings in shares of Smartstop Self Storage REIT by 68.0% in the 1st quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock valued at $52,000 after buying an additional 690 shares during the period. Finally, Strs Ohio boosted its holdings in shares of Smartstop Self Storage REIT by 0.7% in the 1st quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock valued at $3,155,000 after buying an additional 700 shares during the period.
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.
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