Smartstop Self Storage REIT Inc (SMA) to Distribute Monthly Dividend of $0.14 on November 13th

Smartstop Self Storage REIT Inc (NYSE:SMA) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Friday, October 30th will be given a dividend of $0.1359 per share by the healthcare company on Friday, November 13th. This represents a $1.63 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Friday, October 30th. This is a 3.3% increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315.

Smartstop Self Storage REIT Price Performance

Smartstop Self Storage REIT stock opened at $32.51 on Friday. The business’s fifty day moving average is $33.19 and its two-hundred day moving average is $32.40. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28. The firm has a market cap of $1.80 billion, a P/E ratio of 63.74 and a beta of 0.48. Smartstop Self Storage REIT has a 52 week low of $29.41 and a 52 week high of $38.69.

Smartstop Self Storage REIT (NYSE:SMA) last announced its earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). The business 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. Equities research analysts forecast that Smartstop Self Storage REIT will post 2.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SMA has been the subject of a number of research analyst reports. Raymond James Financial assumed coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 target price for the company. JPMorgan Chase & Co. raised their price target on shares of Smartstop Self Storage REIT from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, September 21st. Robert W. Baird lowered their price target on shares of Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Friday. 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. Finally, National Bank Financial upped their price objective on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Smartstop Self Storage REIT presently has a consensus rating of “Moderate Buy” and an average target price of $36.42.

About Smartstop Self Storage REIT

SmartStop Self Storage REIT, Inc (NYSE:SMA) is a real estate investment trust focused on the ownership, operation and management of self-storage facilities. The company provides storage space for residential, commercial and other customers, with offerings that may include traditional storage units, climate-controlled units, vehicle storage and related tenant services.

SmartStop operates under the SmartStop Self Storage brand and serves customers across the United States and Canada. Its facilities generally provide online reservations and payments, electronic access, moving and packing supplies, and other convenience-oriented services.