Smartstop Self Storage REIT Inc (NYSE:SMA) Receives $37.55 Average Price Target from Brokerages

Shares of Smartstop Self Storage REIT Inc (NYSE:SMA) have received an average recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $37.55.

Several research analysts have recently weighed in on the company. Scotiabank upgraded Smartstop Self Storage REIT to a “strong-buy” rating in a research note on Thursday, March 19th. Stifel Nicolaus cut their price target on Smartstop Self Storage REIT from $39.50 to $38.50 and set a “buy” rating for the company in a research note on Thursday, February 26th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Smartstop Self Storage REIT in a research note on Friday, March 27th. JPMorgan Chase & Co. cut their price target on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday, March 23rd. Finally, Wall Street Zen upgraded Smartstop Self Storage REIT from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in SMA. Principal Financial Group Inc. boosted its stake 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 worth $63,958,000 after purchasing an additional 2,047,400 shares during the period. Vanguard Group Inc. boosted its stake in Smartstop Self Storage REIT by 122.2% in the 4th quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock worth $110,670,000 after purchasing an additional 1,967,321 shares during the period. Conversant Capital LLC bought a new position in Smartstop Self Storage REIT in the 2nd quarter worth about $36,098,000. Price T Rowe Associates Inc. MD boosted its stake in Smartstop Self Storage REIT by 13.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,913,679 shares of the healthcare company’s stock worth $182,972,000 after purchasing an additional 710,871 shares during the period. Finally, Rush Island Management LP bought a new position in Smartstop Self Storage REIT in the 4th quarter worth about $15,644,000.

Smartstop Self Storage REIT Stock Performance

Shares of SMA stock opened at $31.98 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.87 and a quick ratio of 5.87. The stock has a market capitalization of $1.77 billion and a PE ratio of -86.43. Smartstop Self Storage REIT has a one year low of $29.42 and a one year high of $39.77. The business’s 50 day simple moving average is $32.01 and its 200 day simple moving average is $33.04.

Smartstop Self Storage REIT (NYSE:SMA) last posted its quarterly earnings results on Wednesday, February 25th. The healthcare company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.49). The firm had revenue of $78.45 million for the quarter. Smartstop Self Storage REIT had a negative return on equity of 0.16% and a negative net margin of 0.59%.The firm’s quarterly revenue was up 29.5% on a year-over-year basis. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.930-2.050 EPS.

Smartstop Self Storage REIT Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, May 15th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.1315 per share. The ex-dividend date is Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 4.9%. Smartstop Self Storage REIT’s dividend payout ratio is presently -440.54%.

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.