Bank of America Corp DE Acquires 77,479 Shares of Smartstop Self Storage REIT Inc $SMA

Bank of America Corp DE increased its holdings in Smartstop Self Storage REIT Inc (NYSE:SMA) by 53.4% during the first quarter, Holdings Channel reports. The firm owned 222,586 shares of the healthcare company’s stock after acquiring an additional 77,479 shares during the quarter. Bank of America Corp DE’s holdings in Smartstop Self Storage REIT were worth $6,740,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SMA. JPMorgan Chase & Co. bought a new stake in shares of Smartstop Self Storage REIT during the second quarter valued at approximately $3,155,000. New York State Common Retirement Fund purchased a new position in shares of Smartstop Self Storage REIT in the second quarter worth $326,000. Quantbot Technologies LP bought a new position in shares of Smartstop Self Storage REIT during the second quarter worth $377,000. Invesco Ltd. bought a new position in shares of Smartstop Self Storage REIT during the second quarter worth $602,000. Finally, Marshall Wace LLP purchased a new position in Smartstop Self Storage REIT during the second quarter valued at $830,000.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SMA. Raymond James Financial assumed coverage on shares of Smartstop Self Storage REIT in a report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target on the stock. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. National Bank Financial lifted their target price on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a report on Tuesday, August 18th. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Finally, Wells Fargo & Company restated a “neutral” rating on shares of Smartstop Self Storage REIT in a report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Smartstop Self Storage REIT presently has a consensus rating of “Moderate Buy” and an average target price of $36.47.

Insider Buying and Selling

In other Smartstop Self Storage REIT news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $34.36, for a total value of $35,219.00. Following the transaction, the general counsel owned 588 shares of the company’s stock, valued at $20,203.68. This represents a 63.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 1,875 shares of company stock valued at $63,328. Corporate insiders own 5.70% of the company’s stock.

Smartstop Self Storage REIT Stock Performance

Shares of NYSE:SMA opened at $33.90 on Thursday. The company has a current ratio of 5.28, a quick ratio of 5.28 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 66.47 and a beta of 0.50. Smartstop Self Storage REIT Inc has a 12 month low of $29.41 and a 12 month high of $39.77. The firm’s 50-day moving average is $33.70 and its 200 day moving average is $32.49.

Smartstop Self Storage REIT (NYSE:SMA) last announced its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.29). The business had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Research analysts predict that Smartstop Self Storage REIT Inc will post 2 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be issued a dividend of $0.1359 per share. This represents a c) dividend on an annualized basis and a yield of 4.8%. The ex-dividend date is Monday, August 31st. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is presently 319.61%.

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.