Smartstop Self Storage REIT (NYSE:SMA) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Smartstop Self Storage REIT Inc (NYSE:SMA) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.98 and traded as high as $33.34. Smartstop Self Storage REIT shares last traded at $33.14, with a volume of 343,413 shares changing hands.

Analysts Set New Price Targets

Several research firms have recently issued reports on SMA. JPMorgan Chase & Co. cut their price target on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday, March 23rd. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Wells Fargo & Company raised their target price on shares of Smartstop Self Storage REIT from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Scotiabank raised shares of Smartstop Self Storage REIT to a “strong-buy” rating in a report on Thursday, March 19th. Finally, Zacks Research upgraded shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.81.

Smartstop Self Storage REIT Stock Performance

The company has a market capitalization of $1.83 billion, a PE ratio of 220.93 and a beta of 0.56. The stock’s fifty day simple moving average is $31.97 and its 200-day simple moving average is $31.99. 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 (NYSE:SMA) last issued its quarterly earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $78.31 million during the quarter, compared to the consensus estimate of $72.56 million. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The firm’s revenue for the quarter 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. As a group, equities analysts predict that Smartstop Self Storage REIT Inc will post 2.01 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a $0.1359 dividend. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, July 31st. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. Smartstop Self Storage REIT’s dividend payout ratio is presently 1,053.33%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SMA. Principal Financial Group Inc. increased its stake in Smartstop Self Storage REIT by 10,361.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock valued at $63,958,000 after purchasing an additional 2,047,400 shares during the last quarter. Vanguard Group Inc. boosted its stake 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 buying an additional 1,967,321 shares during the last quarter. Conversant Capital LLC acquired a new stake in Smartstop Self Storage REIT in the 2nd quarter worth about $36,098,000. Price T Rowe Associates Inc. MD grew its holdings in Smartstop Self Storage REIT by 13.7% in 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 buying an additional 710,871 shares during the period. Finally, Rush Island Management LP purchased a new stake in Smartstop Self Storage REIT in the 4th quarter valued at about $15,644,000.

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.