Smartstop Self Storage REIT Inc (NYSE:SMA) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Smartstop Self Storage REIT Inc (NYSE:SMA) have been assigned an average rating of “Moderate Buy” from the eleven brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $36.9444.

A number of analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of Smartstop Self Storage REIT from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Wells Fargo & Company decreased their price objective on Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, April 16th. Robert W. Baird lowered their price objective on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a research report on Wednesday, March 11th. JPMorgan Chase & Co. cut their target price on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday, March 23rd. Finally, Scotiabank raised Smartstop Self Storage REIT to a “strong-buy” rating in a research note on Thursday, March 19th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Western Wealth Management LLC purchased a new position in Smartstop Self Storage REIT during the first quarter worth about $153,000. Bank of America Corp DE raised its stake in shares of Smartstop Self Storage REIT by 53.4% in the 1st quarter. Bank of America Corp DE now owns 222,586 shares of the healthcare company’s stock valued at $6,740,000 after acquiring an additional 77,479 shares during the period. Amundi acquired a new position in shares of Smartstop Self Storage REIT in the 1st quarter worth approximately $714,000. California State Teachers Retirement System lifted its holdings in shares of Smartstop Self Storage REIT by 134.7% in the 1st quarter. California State Teachers Retirement System now owns 69,654 shares of the healthcare company’s stock worth $2,109,000 after acquiring an additional 39,975 shares during the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Smartstop Self Storage REIT by 36.5% during the 1st quarter. Royal Bank of Canada now owns 72,318 shares of the healthcare company’s stock worth $2,190,000 after purchasing an additional 19,321 shares during the period.

Smartstop Self Storage REIT Trading Up 1.2%

Shares of SMA opened at $31.71 on Friday. Smartstop Self Storage REIT has a 12-month low of $29.41 and a 12-month high of $39.77. The firm has a market capitalization of $1.76 billion and a P/E ratio of 211.39. The firm has a 50-day moving average price of $31.37 and a 200 day moving average price of $31.99. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.86.

Smartstop Self Storage REIT (NYSE:SMA) last issued its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $78.31 million for the quarter, compared to the consensus estimate of $72.56 million. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The firm’s revenue for the quarter 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 forecast that Smartstop Self Storage REIT will post 2.02 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, June 15th. Investors of record on Friday, May 29th will be issued a $0.1359 dividend. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a yield of 5.1%. Smartstop Self Storage REIT’s payout ratio is presently 1,053.33%.

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.