Smartstop Self Storage REIT (NYSE:SMA) Reaches New 1-Year Low – What’s Next?

Smartstop Self Storage REIT Inc (NYSE:SMA) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $29.42 and last traded at $29.6010, with a volume of 125483 shares. The stock had previously closed at $30.76.

Analysts Set New Price Targets

SMA has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on shares of Smartstop Self Storage REIT from $39.50 to $38.50 and set a “buy” rating for the company in a research note on Thursday, February 26th. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. JPMorgan Chase & Co. reduced their price target on shares of Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, March 23rd. Truist Financial reduced their price objective on shares of Smartstop Self Storage REIT from $39.00 to $38.00 and set a “buy” rating for the company in a report on Tuesday, January 20th. Finally, Wells Fargo & Company reduced their price objective on shares of Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Smartstop Self Storage REIT currently has an average rating of “Moderate Buy” and a consensus target price of $36.94.

Smartstop Self Storage REIT Trading Down 3.0%

The company has a fifty day simple moving average of $31.67 and a 200-day simple moving average of $32.33. The company has a current ratio of 5.33, a quick ratio of 5.87 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1.65 billion and a price-to-earnings ratio of 198.71.

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

Smartstop Self Storage REIT Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Shareholders of record on Friday, May 29th will be issued a dividend of $0.1359 per share. This represents a c) annualized dividend and a yield of 5.5%. The ex-dividend date is Friday, May 29th. This is a boost from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. Smartstop Self Storage REIT’s dividend payout ratio is presently 1,086.67%.

Institutional Trading of Smartstop Self Storage REIT

Institutional investors and hedge funds have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Smartstop Self Storage REIT during the 3rd quarter worth about $26,000. Creative Financial Designs Inc. ADV acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at about $25,000. Beacon Capital Management Inc. acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at about $27,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Smartstop Self Storage REIT in the 2nd quarter valued at about $35,000.

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.