Royal Bank of Canada lifted its stake in shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) by 36.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 72,318 shares of the healthcare company’s stock after buying an additional 19,321 shares during the period. Royal Bank of Canada’s holdings in Smartstop Self Storage REIT were worth $2,190,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its holdings in Smartstop Self Storage REIT by 10,361.9% during the 4th quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock worth $63,958,000 after purchasing an additional 2,047,400 shares during the last quarter. Merit Financial Group LLC bought a new position in shares of Smartstop Self Storage REIT during the 4th quarter worth about $3,558,000. 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 purchasing an additional 76,839 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Smartstop Self Storage REIT by 76.0% in the 4th quarter. Asset Management One Co. Ltd. now owns 76,778 shares of the healthcare company’s stock valued at $2,399,000 after buying an additional 33,158 shares during the period. Finally, Conversant Capital LLC acquired a new stake in shares of Smartstop Self Storage REIT in the 1st quarter valued at about $25,972,000.
Wall Street Analysts Forecast Growth
SMA has been the topic of a number of research reports. Raymond James Financial assumed coverage on Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price target on the stock. 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. Wells Fargo & Company restated a “neutral” rating on shares of Smartstop Self Storage REIT in a research note on Friday, July 24th. National Bank Financial upped their price objective on shares of Smartstop Self Storage REIT from $37.50 to $38.50 and gave the stock an “outperform” rating in a report on Tuesday, August 11th. Finally, Robert W. Baird raised their price objective on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, August 10th. Two 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $36.38.
Smartstop Self Storage REIT Stock Performance
Shares of SMA stock opened at $34.01 on Tuesday. The firm has a 50-day moving average of $33.44 and a 200-day moving average of $32.36. The company has a market cap of $1.88 billion, a P/E ratio of 66.69 and a beta of 0.50. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28. Smartstop Self Storage REIT Inc has a one year low of $29.41 and a one year high of $39.77.
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.29). The firm had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%.Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Equities research analysts forecast that Smartstop Self Storage REIT Inc will post 2 EPS for the current fiscal 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 given a $0.1359 dividend. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Monday, August 31st. Smartstop Self Storage REIT’s payout ratio is presently 319.61%.
Smartstop Self Storage REIT 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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