Smartstop Self Storage REIT (NYSE:SMA) Price Target Raised to $37.00

Smartstop Self Storage REIT (NYSE:SMA) had its target price increased by Robert W. Baird from $36.00 to $37.00 in a research note published on Monday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the healthcare company’s stock.

Several other research firms have also commented on SMA. Wells Fargo & Company restated a “neutral” rating on shares of Smartstop Self Storage REIT in a research note on Friday, July 24th. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. Weiss Ratings raised Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Finally, Raymond James Financial started coverage on Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target for the company. Two investment 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’s stock. According to MarketBeat.com, Smartstop Self Storage REIT presently has an average rating of “Moderate Buy” and a consensus target price of $36.38.

Smartstop Self Storage REIT Stock Performance

Shares of NYSE SMA opened at $33.70 on Monday. The firm has a 50 day moving average of $33.26 and a 200 day moving average of $32.32. The company has a current ratio of 5.28, a quick ratio of 5.33 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 66.08 and a beta of 0.50. Smartstop Self Storage REIT has a 12-month low of $29.41 and a 12-month high of $39.77.

Smartstop Self Storage REIT (NYSE:SMA) last announced its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 EPS 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 business had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. On average, research analysts anticipate that Smartstop Self Storage REIT will post 2 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be given a dividend of $0.1359 per share. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, August 31st. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is currently 319.61%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position 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 worth $63,958,000 after buying an additional 2,047,400 shares during the last quarter. Merit Financial Group LLC bought a new position in Smartstop Self Storage REIT during the fourth quarter valued at $3,558,000. Choreo LLC bought a new position in Smartstop Self Storage REIT during the fourth quarter valued at $2,941,000. PFG Investments LLC purchased a new stake in shares of Smartstop Self Storage REIT in the fourth quarter valued at $1,792,000. Finally, Asset Management One Co. Ltd. raised its stake in shares of Smartstop Self Storage REIT by 76.0% in the fourth quarter. Asset Management One Co. Ltd. now owns 76,778 shares of the healthcare company’s stock valued at $2,399,000 after acquiring an additional 33,158 shares during the period.

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.