Sei Investments Co. Buys 21,200 Shares of Smartstop Self Storage REIT Inc $SMA

Sei Investments Co. grew its position in shares of Smartstop Self Storage REIT Inc (NYSE:SMA) by 12.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 188,147 shares of the healthcare company’s stock after purchasing an additional 21,200 shares during the period. Sei Investments Co.’s holdings in Smartstop Self Storage REIT were worth $5,697,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in SMA. State of Wyoming lifted its position in shares of Smartstop Self Storage REIT by 9.2% in the first quarter. State of Wyoming now owns 8,783 shares of the healthcare company’s stock worth $266,000 after buying an additional 738 shares in the last quarter. AlphaCentric Advisors LLC grew its holdings in Smartstop Self Storage REIT by 50.0% during the 1st quarter. AlphaCentric Advisors LLC now owns 30,000 shares of the healthcare company’s stock valued at $908,000 after buying an additional 10,000 shares in the last quarter. KBC Group NV purchased a new position in Smartstop Self Storage REIT during the 1st quarter valued at approximately $49,000. Swiss National Bank grew its holdings in Smartstop Self Storage REIT by 78.6% during the 1st quarter. Swiss National Bank now owns 109,500 shares of the healthcare company’s stock valued at $3,316,000 after buying an additional 48,200 shares in the last quarter. Finally, Assetmark Inc. increased 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 acquiring an additional 690 shares during the last quarter.

Smartstop Self Storage REIT Price Performance

Smartstop Self Storage REIT stock opened at $33.69 on Wednesday. Smartstop Self Storage REIT Inc has a 12-month low of $29.41 and a 12-month high of $39.77. 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 firm has a 50-day moving average price of $32.89 and a 200-day moving average price of $32.28. The firm has a market capitalization of $1.87 billion, a PE ratio of 224.63 and a beta of 0.50.

Smartstop Self Storage REIT (NYSE:SMA) last issued its quarterly earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The company had revenue of $78.31 million for the quarter, compared to the consensus estimate of $72.56 million. The firm’s revenue was up 19.7% compared to the same quarter last year. As a group, equities research analysts forecast that Smartstop Self Storage REIT Inc will post 2 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be given a dividend of $0.1359 per share. This represents a c) annualized dividend and a dividend yield of 4.8%. This is a boost from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. The ex-dividend date is Friday, July 31st. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is presently 1,086.67%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on SMA shares. Zacks Research raised Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Smartstop Self Storage REIT in a research note on Friday, July 24th. Finally, Raymond James Financial initiated coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price objective for the company. Two 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 assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.44.

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.