Smartstop Self Storage REIT (NYSE:SMA) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of Smartstop Self Storage REIT (NYSE:SMA) to a strong-buy rating in a research report report published on Wednesday morning,Zacks.com reports.

Several other research firms have also recently issued reports 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. JPMorgan Chase & Co. reduced their price target on shares of Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Monday, March 23rd. Wells Fargo & Company upped their price target on shares of Smartstop Self Storage REIT from $30.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, June 1st. Scotiabank upgraded Smartstop Self Storage REIT to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Weiss Ratings raised Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued 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 a consensus price target of $36.31.

Smartstop Self Storage REIT Trading Down 2.1%

Shares of Smartstop Self Storage REIT stock opened at $34.27 on Wednesday. Smartstop Self Storage REIT has a 12-month low of $29.41 and a 12-month high of $39.77. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 228.45 and a beta of 0.56. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average price is $32.06 and its 200-day moving average price is $32.04.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings data on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $78.31 million during the quarter, compared to analyst estimates of $72.56 million. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The firm’s revenue for the quarter was up 19.7% compared to the same quarter last year. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. On average, equities analysts expect that Smartstop Self Storage REIT will post 2.01 earnings per share 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. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. The ex-dividend date is Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 4.8%. Smartstop Self Storage REIT’s dividend payout ratio is 1,053.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in Smartstop Self Storage REIT by 13.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,913,679 shares of the healthcare company’s stock valued at $182,972,000 after purchasing an additional 710,871 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Smartstop Self Storage REIT by 25.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock worth $78,611,000 after purchasing an additional 528,974 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Smartstop Self Storage REIT by 18.3% during the 4th quarter. Wellington Management Group LLP now owns 1,414,451 shares of the healthcare company’s stock valued at $43,763,000 after purchasing an additional 218,386 shares during the last quarter. Finally, State Street Corp increased its position in shares of Smartstop Self Storage REIT by 74.1% during the 4th quarter. State Street Corp now owns 1,146,404 shares of the healthcare company’s stock valued at $35,624,000 after purchasing an additional 487,811 shares during the last quarter.

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.