Smartstop Self Storage REIT (NYSE:SMA) Price Target Raised to $39.25

Smartstop Self Storage REIT (NYSE:SMA) had its price target lifted by National Bank Financial from $38.50 to $39.25 in a report issued on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the healthcare company’s stock.

Several other equities research analysts have also weighed in on the company. Wells Fargo & Company restated a “neutral” rating on shares of Smartstop Self Storage REIT in a research report on Friday, July 24th. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Robert W. Baird raised their price objective on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Finally, Raymond James Financial started 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 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $36.47.

Smartstop Self Storage REIT Stock Performance

Smartstop Self Storage REIT stock opened at $34.48 on Tuesday. The stock’s 50 day simple moving average is $33.54 and its two-hundred day simple moving average is $32.43. 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 stock has a market cap of $1.91 billion, a price-to-earnings ratio of 67.61 and a beta of 0.50. Smartstop Self Storage REIT has a fifty-two week low of $29.41 and a fifty-two week high of $39.77.

Smartstop Self Storage REIT (NYSE:SMA) last posted its 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 return on equity of 2.33% and a net margin of 9.68%.The firm had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. As a group, analysts expect that Smartstop Self Storage REIT will post 2 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be given 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 dividend yield of 4.7%. 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%.

Insider Buying and Selling at Smartstop Self Storage REIT

In related news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $34.36, for a total value of $35,219.00. Following the sale, the general counsel owned 588 shares in the company, valued at $20,203.68. This represents a 63.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In the last quarter, insiders sold 1,875 shares of company stock valued at $63,328. Corporate insiders own 5.70% of the company’s stock.

Institutional Investors Weigh In On Smartstop Self Storage REIT

Several hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. purchased a new stake in shares of Smartstop Self Storage REIT in the second quarter worth $3,155,000. New York State Common Retirement Fund purchased a new position in shares of Smartstop Self Storage REIT in the 2nd quarter worth about $326,000. Quantbot Technologies LP purchased a new position in shares of Smartstop Self Storage REIT in the 2nd quarter worth about $377,000. Invesco Ltd. bought a new position in Smartstop Self Storage REIT in the 2nd quarter worth about $602,000. Finally, Marshall Wace LLP bought a new position in Smartstop Self Storage REIT in the 2nd quarter worth about $830,000.

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.