Sei Investments Co. Acquires 21,200 Shares of Smartstop Self Storage REIT Inc $SMA

Sei Investments Co. lifted its stake in Smartstop Self Storage REIT Inc (NYSE:SMA) by 12.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,147 shares of the healthcare company’s stock after purchasing an additional 21,200 shares during the period. Sei Investments Co. owned 0.34% of Smartstop Self Storage REIT worth $5,697,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SMA. Creative Financial Designs Inc. ADV bought a new stake in Smartstop Self Storage REIT during the fourth quarter valued at about $25,000. Beacon Capital Management Inc. purchased a new position in shares of Smartstop Self Storage REIT during the 4th quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Smartstop Self Storage REIT during the 4th quarter valued at about $27,000. Assetmark Inc. bought a new position in shares of Smartstop Self Storage REIT during the 4th quarter valued at approximately $31,000. Finally, Anchor Investment Management LLC bought a new position in shares of Smartstop Self Storage REIT during the 4th quarter valued at approximately $31,000.

Smartstop Self Storage REIT Stock Performance

NYSE:SMA opened at $33.69 on Wednesday. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.86. Smartstop Self Storage REIT Inc has a 12-month low of $29.41 and a 12-month high of $39.77. The stock has a 50-day moving average price of $32.89 and a 200 day moving average price of $32.28. The stock has a market capitalization of $1.87 billion, a P/E ratio of 224.63 and a beta of 0.50.

Smartstop Self Storage REIT (NYSE:SMA) last posted its quarterly earnings results on Wednesday, May 6th. The healthcare company reported $0.49 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 company had revenue of $78.31 million for the quarter, compared to analysts’ expectations of $72.56 million. Smartstop Self Storage REIT’s quarterly revenue was up 19.7% on a year-over-year basis. 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 business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a dividend of $0.1359 per share. The ex-dividend date is Friday, July 31st. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a dividend yield of 4.8%. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is 1,086.67%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on SMA. Zacks Research upgraded shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Raymond James Financial began coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target for the company. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Finally, Wells Fargo & Company restated a “neutral” rating on shares of Smartstop Self Storage REIT in a research report on Friday, July 24th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Smartstop Self Storage REIT has a consensus rating of “Moderate Buy” and an average price target of $36.44.

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.