Smartstop Self Storage REIT (NYSE:SMA) Cut to “Market Perform” at BMO Capital Markets

BMO Capital Markets lowered shares of Smartstop Self Storage REIT (NYSE:SMA) from an outperform rating to a market perform rating in a research note published on Thursday morning, MarketBeat.com reports. BMO Capital Markets currently has $38.00 target price on the healthcare company’s stock.

SMA has been the subject of a number of other research reports. National Bank Financial increased their price objective on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. Robert W. Baird upped their price target on shares of Smartstop Self Storage REIT from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, August 10th. Raymond James Financial initiated coverage on shares of Smartstop Self Storage REIT in a report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price target for the company. Zacks Research raised shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, Wells Fargo & Company reissued 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 given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Smartstop Self Storage REIT has an average rating of “Moderate Buy” and an average target price of $36.64.

Smartstop Self Storage REIT Stock Down 1.1%

SMA opened at $33.03 on Thursday. Smartstop Self Storage REIT has a 12 month low of $29.41 and a 12 month high of $39.77. 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 business’s 50-day moving average price is $33.72 and its 200-day moving average price is $32.51. The company has a market cap of $1.83 billion, a P/E ratio of 64.77 and a beta of 0.50.

Smartstop Self Storage REIT (NYSE:SMA) last issued its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.29). Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. The company had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. On average, equities analysts expect that Smartstop Self Storage REIT 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. Shareholders of record on Monday, August 31st will be issued a $0.1359 dividend. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a yield of 4.9%. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is 319.61%.

Insider Buying and Selling at Smartstop Self Storage REIT

In other news, General Counsel Nicholas Look sold 1,025 shares of Smartstop Self Storage REIT stock in a transaction that occurred 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 sale, the general counsel directly owned 588 shares in the company, valued at approximately $20,203.68. This trade represents a 63.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 1,875 shares of company stock valued at $63,328. 5.70% of the stock is currently owned by company insiders.

Institutional Trading of Smartstop Self Storage REIT

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMA. Price T Rowe Associates Inc. MD increased its position in Smartstop Self Storage REIT by 13.7% during the 4th 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 during the period. Vanguard Group Inc. raised its holdings in 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. lifted its position 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 during the period. California State Teachers Retirement System lifted its position in shares of Smartstop Self Storage REIT by 3,067.5% in the 2nd quarter. California State Teachers Retirement System now owns 2,206,295 shares of the healthcare company’s stock worth $67,886,000 after purchasing an additional 2,136,641 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Smartstop Self Storage REIT by 18.3% in the 4th quarter. Wellington Management Group LLP now owns 1,414,451 shares of the healthcare company’s stock worth $43,763,000 after purchasing an additional 218,386 shares during the period.

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.