Etesian Wealth Advisors Inc. purchased a new position in Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,673 shares of the healthcare company’s stock, valued at approximately $671,000.
Several other institutional investors also recently bought and sold shares of SMA. Creative Financial Designs Inc. ADV purchased a new position in Smartstop Self Storage REIT during the 4th quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Smartstop Self Storage REIT during the 3rd quarter worth $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in Smartstop Self Storage REIT during the 4th quarter worth $27,000. Assetmark Inc. purchased a new position in Smartstop Self Storage REIT during the 4th quarter worth $31,000. Finally, Raymond James Financial Inc. purchased a new position in Smartstop Self Storage REIT during the 2nd quarter worth $35,000.
Smartstop Self Storage REIT Stock Up 1.6%
Shares of NYSE SMA opened at $30.76 on Friday. 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 stock has a market capitalization of $1.70 billion, a PE ratio of 205.09 and a beta of 0.68. Smartstop Self Storage REIT Inc has a 12-month low of $29.41 and a 12-month high of $39.77. The stock’s fifty day simple moving average is $31.27 and its two-hundred day simple moving average is $31.90.
Smartstop Self Storage REIT Cuts Dividend
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.1315 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is presently 1,086.67%.
Wall Street Analyst Weigh In
Several research firms have commented on SMA. Scotiabank upgraded Smartstop Self Storage REIT to a “strong-buy” rating in a report on Thursday, March 19th. Wall Street Zen upgraded Smartstop Self Storage REIT from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Robert W. Baird reduced their price objective on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. reduced their price objective on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating on the stock in a report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.17.
Read Our Latest Research Report on Smartstop Self Storage REIT
Smartstop Self Storage REIT 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.
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