Smartstop Self Storage REIT (NYSE:SMA) Price Target Raised to $34.00 at JPMorgan Chase & Co.

Smartstop Self Storage REIT (NYSE:SMA) had its price objective upped by JPMorgan Chase & Co. from $33.00 to $34.00 in a research report released on Monday,Benzinga reports. They currently have an underweight rating on the healthcare company’s stock.

Other equities analysts have also issued research reports about the stock. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Robert W. Baird raised their price target on shares of 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. Wells Fargo & Company raised their price target on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. BMO Capital Markets downgraded shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a report on Thursday, August 27th. Finally, National Bank Financial upped their price objective on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a research report on Tuesday, August 18th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.08.

Smartstop Self Storage REIT Price Performance

NYSE SMA opened at $32.68 on Monday. The stock has a 50-day simple moving average of $33.56 and a 200 day simple moving average of $32.42. Smartstop Self Storage REIT has a twelve month low of $29.41 and a twelve month high of $38.69. The stock has a market capitalization of $1.81 billion, a PE ratio of 64.08 and a beta of 0.49. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28.

Smartstop Self Storage REIT (NYSE:SMA) last issued its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.29). Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%.The business 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 will post 2.02 EPS for the current year.

Smartstop Self Storage REIT Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.1315 dividend. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date is Wednesday, September 30th. Smartstop Self Storage REIT’s dividend payout ratio is currently 319.61%.

Insider Buying and Selling

In other Smartstop Self Storage REIT news, General Counsel Nicholas Look sold 1,025 shares of Smartstop Self Storage REIT stock in a transaction on Friday, August 14th. The shares were sold at an average price of $34.36, for a total transaction of $35,219.00. Following the completion of the sale, the general counsel owned 588 shares of the company’s stock, valued at approximately $20,203.68. The trade was a 63.55% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 1,875 shares of company stock worth $63,163. 5.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Smartstop Self Storage REIT

A number of institutional investors have recently made changes to their positions in SMA. Engineers Gate Manager LP increased its stake in shares of Smartstop Self Storage REIT by 23.9% in the 2nd quarter. Engineers Gate Manager LP now owns 29,430 shares of the healthcare company’s stock valued at $956,000 after acquiring an additional 5,680 shares during the last quarter. Integrated Wealth Concepts LLC bought a new position in Smartstop Self Storage REIT during the 2nd quarter worth approximately $82,000. Squarepoint Ops LLC bought a new position in Smartstop Self Storage REIT during the 2nd quarter worth approximately $550,000. Allworth Financial LP grew its holdings in Smartstop Self Storage REIT by 61.4% during the second quarter. Allworth Financial LP now owns 1,788 shares of the healthcare company’s stock valued at $58,000 after purchasing an additional 680 shares during the period. Finally, Corient Private Wealth LP grew its holdings in Smartstop Self Storage REIT by 16.1% during the second quarter. Corient Private Wealth LP now owns 8,106 shares of the healthcare company’s stock valued at $263,000 after purchasing an additional 1,125 shares during the period.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc is a self-managed and fully integrated real estate investment trust focused on the ownership, operation, acquisition and development of self-storage properties. The company provides storage solutions for residential, commercial and vehicle-storage customers through facilities operating primarily under the SmartStop Self Storage brand.

SmartStop’s properties offer a range of unit sizes and features, including climate-controlled storage, drive-up access, month-to-month rental options, online leasing and payment services, and protection plans.