Smartstop Self Storage REIT (NYSE:SMA – Free Report) had its price target boosted by National Bank Financial from $37.50 to $38.50 in a research report released on Tuesday morning,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the healthcare company’s stock.
SMA has been the subject of several other research reports. Raymond James Financial initiated coverage on shares of Smartstop Self Storage REIT in a report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 target price for the company. Wells Fargo & Company reissued a “neutral” rating on shares of Smartstop Self Storage REIT in a report on Friday, July 24th. Robert W. Baird raised their price objective on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, Weiss Ratings raised Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $36.38.
Read Our Latest Research Report on Smartstop Self Storage REIT
Smartstop Self Storage REIT Stock Performance
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last posted 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 net margin of 9.68% and a return on equity of 2.33%. The business 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. As a group, equities research analysts predict that Smartstop Self Storage REIT will post 2 EPS for the current year.
Smartstop Self Storage REIT Increases Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be issued a $0.1359 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 4.8%. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. Smartstop Self Storage REIT’s payout ratio is presently 319.61%.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in the business. Principal Financial Group Inc. increased its holdings in Smartstop Self Storage REIT by 10,361.9% in the 4th quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock valued at $63,958,000 after buying an additional 2,047,400 shares during the period. Merit Financial Group LLC acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at approximately $3,558,000. Choreo LLC bought a new stake in shares of Smartstop Self Storage REIT during the 4th quarter worth approximately $2,941,000. PFG Investments LLC bought a new stake in shares of Smartstop Self Storage REIT during the 4th quarter worth approximately $1,792,000. Finally, Quantinno Capital Management LP boosted its position in shares of Smartstop Self Storage REIT by 449.6% during the 1st quarter. Quantinno Capital Management LP now owns 93,930 shares of the healthcare company’s stock worth $2,844,000 after acquiring an additional 76,839 shares in the last quarter.
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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