Centaurus Financial Inc. Decreases Stake in Smartstop Self Storage REIT Inc $SMA

Centaurus Financial Inc. cut its position in shares of Smartstop Self Storage REIT Inc (NYSE:SMA) by 9.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 152,015 shares of the healthcare company’s stock after selling 15,193 shares during the period. Centaurus Financial Inc. owned approximately 0.27% of Smartstop Self Storage REIT worth $4,603,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SMA. Price T Rowe Associates Inc. MD raised its holdings in shares of Smartstop Self Storage REIT by 13.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,913,679 shares of the healthcare company’s stock worth $182,972,000 after acquiring an additional 710,871 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Smartstop Self Storage REIT by 122.2% in the fourth quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock valued at $110,670,000 after purchasing an additional 1,967,321 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Smartstop Self Storage REIT by 25.6% in the first quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock valued at $78,611,000 after purchasing an additional 528,974 shares in the last quarter. Wellington Management Group LLP increased its position in Smartstop Self Storage REIT by 18.3% in the fourth quarter. Wellington Management Group LLP now owns 1,414,451 shares of the healthcare company’s stock worth $43,763,000 after purchasing an additional 218,386 shares during the last quarter. Finally, State Street Corp increased its position in Smartstop Self Storage REIT by 74.1% in the fourth quarter. State Street Corp now owns 1,146,404 shares of the healthcare company’s stock worth $35,624,000 after purchasing an additional 487,811 shares during the last quarter.

Smartstop Self Storage REIT Stock Performance

NYSE SMA opened at $34.86 on Thursday. The company has a market cap of $1.93 billion, a P/E ratio of 232.39 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. The business’s 50 day moving average price is $32.67 and its 200-day moving average price is $32.24. Smartstop Self Storage REIT Inc has a fifty-two week low of $29.41 and a fifty-two week high of $39.77.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01. The company 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 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. Sell-side analysts predict that Smartstop Self Storage REIT Inc will post 2 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. Stockholders of record on Friday, July 31st will be paid a $0.1359 dividend. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Friday, July 31st. Smartstop Self Storage REIT’s payout ratio is currently 1,053.33%.

Analysts Set New Price Targets

Several equities analysts have commented on SMA shares. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Raymond James Financial started coverage on shares of Smartstop Self Storage REIT in a report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 target price on the stock. 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. Finally, Wells Fargo & Company restated a “neutral” rating on shares of Smartstop Self Storage REIT in a research report on Friday, July 24th. Two investment 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $36.44.

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.