Smartstop Self Storage REIT (NYSE:SMA) Given New $33.00 Price Target at Wells Fargo & Company

Smartstop Self Storage REIT (NYSE:SMA) had its price objective lifted by Wells Fargo & Company from $32.00 to $33.00 in a report published on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the healthcare company’s stock.

SMA has been the subject of a number of other research reports. Zacks Research raised Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Raymond James Financial started coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 target price on the stock. Finally, 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. Two research 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 given a Sell rating to the company’s stock. According to MarketBeat, Smartstop Self Storage REIT currently has a consensus rating of “Moderate Buy” and an average price target of $36.44.

Smartstop Self Storage REIT Stock Performance

NYSE SMA opened at $34.73 on Friday. The company has a 50-day simple moving average of $32.37 and a two-hundred day simple moving average of $32.14. Smartstop Self Storage REIT has a 12-month low of $29.41 and a 12-month high of $39.77. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of 231.53 and a beta of 0.56. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.86.

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, topping the consensus estimate 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 firm had revenue of $78.31 million for the quarter, compared to the consensus estimate of $72.56 million. The company’s quarterly revenue was up 19.7% on a year-over-year basis. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. On average, equities analysts forecast that Smartstop Self Storage REIT will post 2 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be given a $0.1359 dividend. The ex-dividend date of this dividend is Friday, July 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 $0.13. Smartstop Self Storage REIT’s payout ratio is presently 1,053.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rossby Financial LCC grew its stake in shares of Smartstop Self Storage REIT by 7.4% in the fourth quarter. Rossby Financial LCC now owns 7,186 shares of the healthcare company’s stock worth $222,000 after acquiring an additional 497 shares during the last quarter. Arax Advisory Partners raised its position in shares of Smartstop Self Storage REIT by 80.1% in the 4th quarter. Arax Advisory Partners now owns 1,439 shares of the healthcare company’s stock worth $45,000 after purchasing an additional 640 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Smartstop Self Storage REIT by 3.5% in the 4th quarter. MetLife Investment Management LLC now owns 19,944 shares of the healthcare company’s stock worth $617,000 after purchasing an additional 671 shares in the last quarter. Assetmark Inc. boosted its stake in Smartstop Self Storage REIT by 68.0% in the 1st quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock worth $52,000 after purchasing an additional 690 shares in the last quarter. Finally, Strs Ohio grew its position in Smartstop Self Storage REIT by 0.7% during the 1st quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock valued at $3,155,000 after purchasing an additional 700 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.