Smartstop Self Storage REIT (NYSE:SMA) Price Target Raised to $33.00

Smartstop Self Storage REIT (NYSE:SMA) had its price objective upped by Wells Fargo & Company from $32.00 to $33.00 in a research note published on Friday,Benzinga reports. They currently have an equal weight rating on the healthcare company’s stock.

A number of other research analysts have also recently issued reports on SMA. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Weiss Ratings raised Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Finally, Raymond James Financial assumed coverage on 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. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $36.44.

Smartstop Self Storage REIT Price Performance

Shares of SMA opened at $34.73 on Friday. The stock has a market cap of $1.92 billion, a PE ratio of 231.53 and a beta of 0.56. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.33 and a current ratio of 5.33. Smartstop Self Storage REIT has a fifty-two week low of $29.41 and a fifty-two week high of $39.77. The firm’s 50-day simple moving average is $32.37 and its two-hundred day simple moving average is $32.15.

Smartstop Self Storage REIT (NYSE:SMA) last released its earnings results 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. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The firm had revenue of $78.31 million during the quarter, compared to analyst estimates of $72.56 million. The firm’s 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. Analysts anticipate that Smartstop Self Storage REIT will post 2 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Stockholders of record on Friday, July 31st will be issued a dividend of $0.1359 per share. The ex-dividend date is Friday, July 31st. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. Smartstop Self Storage REIT’s dividend payout ratio is currently 1,053.33%.

Hedge Funds Weigh In On Smartstop Self Storage REIT

A number of hedge funds have recently added to or reduced their stakes in SMA. Creative Financial Designs Inc. ADV bought a new position in Smartstop Self Storage REIT in the 4th quarter valued at approximately $25,000. Beacon Capital Management Inc. bought a new stake in shares of Smartstop Self Storage REIT in the 4th quarter worth $26,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth $27,000. Assetmark Inc. purchased a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth $31,000. Finally, Anchor Investment Management LLC bought a new position in shares of Smartstop Self Storage REIT during the fourth quarter valued at $31,000.

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.