Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.990-2.050 for the period, compared to the consensus estimate of 2.020. The company issued revenue guidance of -.
Analysts Set New Price Targets
SMA has been the subject of several recent research reports. Raymond James Financial assumed coverage on Smartstop Self Storage REIT in a report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price objective for the company. National Bank Financial raised their target price on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a research note on Tuesday, August 18th. Robert W. Baird lifted 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. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Finally, Wells Fargo & Company increased their price objective on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.08.
Check Out Our Latest Research Report on Smartstop Self Storage REIT
Smartstop Self Storage REIT Price Performance
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last announced its quarterly 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). The company had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. On average, equities analysts predict that Smartstop Self Storage REIT will post 2.02 earnings per share for the current year.
Smartstop Self Storage REIT Cuts Dividend
The company also recently announced a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.1315 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This is a drop from Smartstop Self Storage REIT’s previous monthly dividend of $0.1359. This represents a $1.58 annualized dividend and a yield of 4.9%. Smartstop Self Storage REIT’s payout ratio is currently 319.61%.
Insiders Place Their Bets
In other 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 transaction, the general counsel directly owned 588 shares of the company’s stock, valued at $20,203.68. This trade represents a 63.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold 1,875 shares of company stock valued at $63,163 in the last quarter. Company insiders own 5.70% of the company’s stock.
About Smartstop Self Storage REIT
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.
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