Smartstop Self Storage REIT Inc $SMA Stake Lifted by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in Smartstop Self Storage REIT Inc (NYSE:SMA) by 25.6% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,596,133 shares of the healthcare company’s stock after purchasing an additional 528,974 shares during the period. Principal Financial Group Inc.’s holdings in Smartstop Self Storage REIT were worth $78,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV acquired a new position in shares of Smartstop Self Storage REIT during the fourth quarter valued at $25,000. Beacon Capital Management Inc. acquired a new stake in shares of Smartstop Self Storage REIT in the 4th quarter worth about $26,000. Northwestern Mutual Wealth Management Co. bought a new stake in Smartstop Self Storage REIT in the 4th quarter valued at about $27,000. Assetmark Inc. acquired a new position in Smartstop Self Storage REIT during the 4th quarter valued at about $31,000. Finally, Anchor Investment Management LLC bought a new position in Smartstop Self Storage REIT in the 4th quarter worth about $31,000.

Smartstop Self Storage REIT Stock Up 5.7%

Smartstop Self Storage REIT stock opened at $35.02 on Friday. The company’s 50-day moving average price is $32.03 and its two-hundred day moving average price is $32.03. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 233.43 and a beta of 0.56. Smartstop Self Storage REIT Inc has a 52 week low of $29.41 and a 52 week high of $39.77. 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 posted its quarterly earnings data on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The business had revenue of $78.31 million during the quarter, compared to analysts’ expectations of $72.56 million. Smartstop Self Storage REIT’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. On average, analysts expect that Smartstop Self Storage REIT Inc will post 2.01 EPS for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be paid a dividend of $0.1359 per share. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Friday, July 31st. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. Smartstop Self Storage REIT’s dividend payout ratio is 1,053.33%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SMA. Zacks Research upgraded shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. reduced their price objective on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Monday, March 23rd. Raymond James Financial initiated coverage on Smartstop Self Storage REIT in a report on Wednesday. They issued a “strong-buy” rating and a $39.00 price objective for the company. Scotiabank upgraded Smartstop Self Storage REIT to a “strong-buy” rating in a research report on Thursday, March 19th. Finally, Weiss Ratings raised Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.31.

Smartstop Self Storage REIT 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.