Irenic Capital Management LP acquired a new stake in shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) during the second quarter, HoldingsChannel.com reports. The firm acquired 876,608 shares of the healthcare company’s stock, valued at approximately $28,490,000. Smartstop Self Storage REIT accounts for 1.4% of Irenic Capital Management LP’s holdings, making the stock its 18th biggest position.
Several other institutional investors have also modified their holdings of SMA. Creative Financial Designs Inc. ADV purchased a new position in shares of Smartstop Self Storage REIT in the 4th quarter worth approximately $25,000. Beacon Capital Management Inc. bought a new position in shares of Smartstop Self Storage REIT during the 4th quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Smartstop Self Storage REIT during the 4th quarter valued at $27,000. Raymond James Financial Inc. purchased a new stake in Smartstop Self Storage REIT during the 2nd quarter valued at $35,000. Finally, Anchor Investment Management LLC bought a new stake in Smartstop Self Storage REIT in the fourth quarter worth $31,000.
Analysts Set New Price Targets
SMA has been the subject of several recent analyst reports. Raymond James Financial began coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price objective for the company. BMO Capital Markets downgraded shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 target price on the stock. in a research note on Thursday, August 27th. National Bank Financial raised their target price on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a report on Tuesday, August 18th. Robert W. Baird lifted their price target on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Finally, Wells Fargo & Company upped their price target on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.86.
Smartstop Self Storage REIT Price Performance
Shares of SMA stock opened at $32.61 on Friday. Smartstop Self Storage REIT Inc has a 52-week low of $29.41 and a 52-week high of $39.77. 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 firm has a market capitalization of $1.81 billion, a P/E ratio of 63.94 and a beta of 0.49. The stock has a 50 day moving average price of $33.70 and a 200 day moving average price of $32.52.
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). The business had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. As a group, sell-side analysts predict that Smartstop Self Storage REIT Inc will post 2 earnings per share for the current year.
Smartstop Self Storage REIT Cuts Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.1315 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Wednesday, September 30th. Smartstop Self Storage REIT’s payout ratio is currently 307.84%.
Insider Activity
In other news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $34.36, for a total value of $35,219.00. Following the transaction, the general counsel directly owned 588 shares in the company, valued at approximately $20,203.68. This represents a 63.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold 1,875 shares of company stock worth $63,328 over the last ninety days. 5.70% of the stock is currently owned by insiders.
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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