Wells Fargo & Company Forecasts Strong Price Appreciation for Smartstop Self Storage REIT (NYSE:SMA) Stock

Smartstop Self Storage REIT (NYSE:SMA) had its target price raised by equities researchers at Wells Fargo & Company from $32.00 to $33.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the healthcare company’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 4.68% from the company’s previous close.

A number of other research firms also recently weighed in on SMA. Raymond James Financial assumed coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 target price for the company. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 16th. Finally, Zacks Research raised shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.44.

Smartstop Self Storage REIT Price Performance

Shares of Smartstop Self Storage REIT stock traded up $0.92 during trading on Friday, reaching $34.62. 105,956 shares of the company’s stock were exchanged, compared to its average volume of 803,728. The firm’s 50-day moving average price is $32.27 and its 200 day moving average price is $32.13. The company has a market cap of $1.92 billion, a P/E ratio of 230.96 and a beta of 0.56. Smartstop Self Storage REIT has a 1-year low of $29.41 and a 1-year high of $39.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.33 and a current ratio of 5.33.

Smartstop Self Storage REIT (NYSE:SMA) last posted its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, topping 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 company had revenue of $78.31 million during the quarter, compared to the consensus estimate of $72.56 million. Smartstop Self Storage REIT’s revenue was up 19.7% on a year-over-year basis. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. As a group, research analysts anticipate that Smartstop Self Storage REIT will post 2 earnings per share for the current year.

Institutional Investors Weigh In On Smartstop Self Storage REIT

A number of hedge funds have recently added to or reduced their stakes in SMA. JPMorgan Chase & Co. purchased a new position in Smartstop Self Storage REIT in the second quarter worth approximately $3,155,000. New York State Common Retirement Fund acquired a new position in shares of Smartstop Self Storage REIT during the second quarter worth $326,000. Quantbot Technologies LP purchased a new position in Smartstop Self Storage REIT in the second quarter valued at $377,000. Invesco Ltd. acquired a new stake in Smartstop Self Storage REIT in the second quarter valued at $602,000. Finally, Marshall Wace LLP purchased a new stake in Smartstop Self Storage REIT during the 2nd quarter worth about $830,000.

Smartstop Self Storage REIT Company 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.