Brokerages Set Smartstop Self Storage REIT Inc (NYSE:SMA) Price Target at $36.94

Shares of Smartstop Self Storage REIT Inc (NYSE:SMA) have been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $37.1667.

Several analysts have issued reports on SMA shares. Scotiabank upgraded Smartstop Self Storage REIT to a “strong-buy” rating in a research note on Thursday, March 19th. Robert W. Baird dropped their price objective on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 11th. Wall Street Zen upgraded Smartstop Self Storage REIT from a “sell” rating to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings upgraded Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Zacks Research raised Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th.

Smartstop Self Storage REIT Price Performance

NYSE:SMA opened at $30.76 on Friday. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.86. The stock’s 50 day moving average price is $31.27 and its two-hundred day moving average price is $31.90. The firm has a market capitalization of $1.70 billion, a price-to-earnings ratio of 205.09 and a beta of 0.68. Smartstop Self Storage REIT has a 12-month low of $29.41 and a 12-month high of $39.77.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings data on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $78.31 million for the quarter, compared to analyst estimates of $72.56 million. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.The business’s quarterly revenue was up 19.7% compared to the same quarter last year. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. On average, analysts anticipate that Smartstop Self Storage REIT will post 2.02 earnings per share for the current year.

Smartstop Self Storage REIT Cuts Dividend

The company also recently announced 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) annualized dividend and a dividend yield of 5.1%. Smartstop Self Storage REIT’s dividend payout ratio is presently 1,086.67%.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Several institutional investors and hedge funds have recently made changes to their positions in the company. Rossby Financial LCC grew its position 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 valued at $222,000 after purchasing an additional 497 shares during the last quarter. Arax Advisory Partners grew its position in shares of Smartstop Self Storage REIT by 80.1% in the fourth quarter. Arax Advisory Partners now owns 1,439 shares of the healthcare company’s stock valued at $45,000 after purchasing an additional 640 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Smartstop Self Storage REIT by 3.5% in the fourth quarter. MetLife Investment Management LLC now owns 19,944 shares of the healthcare company’s stock valued at $617,000 after purchasing an additional 671 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Smartstop Self Storage REIT during the third quarter worth approximately $26,000. Finally, Assetmark Inc. grew its position in Smartstop Self Storage REIT by 68.0% during the first quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock worth $52,000 after buying an additional 690 shares in 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.