Smartstop Self Storage REIT Inc $SMA Stock Position Raised by Royal Bank of Canada

Royal Bank of Canada boosted its stake in Smartstop Self Storage REIT Inc (NYSE:SMA) by 36.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,318 shares of the healthcare company’s stock after buying an additional 19,321 shares during the period. Royal Bank of Canada owned 0.13% of Smartstop Self Storage REIT worth $2,190,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. JPMorgan Chase & Co. acquired a new stake in Smartstop Self Storage REIT in the second quarter worth approximately $3,155,000. New York State Common Retirement Fund acquired a new stake in shares of Smartstop Self Storage REIT during the 2nd quarter valued at $326,000. Quantbot Technologies LP acquired a new stake in Smartstop Self Storage REIT during the second quarter valued at $377,000. Invesco Ltd. bought a new stake in shares of Smartstop Self Storage REIT in the 2nd quarter valued at approximately $602,000. Finally, Marshall Wace LLP bought a new stake in Smartstop Self Storage REIT in the second quarter worth approximately $830,000.

Wall Street Analysts Forecast Growth

SMA has been the subject of several research analyst reports. Robert W. Baird boosted their price objective on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Zacks Research raised Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. 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 note on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 target price on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Smartstop Self Storage REIT currently has a consensus rating of “Moderate Buy” and an average price target of $36.38.

Smartstop Self Storage REIT Stock Down 0.4%

Smartstop Self Storage REIT stock opened at $34.01 on Tuesday. 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 fifty day simple moving average of $33.44 and a 200 day simple moving average of $32.36. The company has a market cap of $1.88 billion, a P/E ratio of 66.69 and a beta of 0.50. Smartstop Self Storage REIT Inc has a 1-year low of $29.41 and a 1-year high of $39.77.

Smartstop Self Storage REIT (NYSE:SMA) last posted its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Research analysts anticipate that Smartstop Self Storage REIT Inc will post 2 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

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

Smartstop Self Storage REIT Company 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.