Smartstop Self Storage REIT (NYSE:SMA) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Smartstop Self Storage REIT Inc (NYSE:SMA)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.44 and traded as high as $32.69. Smartstop Self Storage REIT shares last traded at $32.2750, with a volume of 752,151 shares traded.

Analyst Ratings Changes

SMA has been the topic of a number of recent analyst reports. BMO Capital Markets lowered Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, August 27th. Wells Fargo & Company lifted their target price on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Raymond James Financial initiated coverage on Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target on the stock. National Bank Financial boosted their target price 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. Finally, Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Smartstop Self Storage REIT presently has an average rating of “Moderate Buy” and a consensus price target of $36.86.

Smartstop Self Storage REIT Price Performance

The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.89. The company’s fifty day moving average is $33.58 and its two-hundred day moving average is $32.44. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 63.66 and a beta of 0.49.

Smartstop Self Storage REIT (NYSE:SMA) last issued its quarterly earnings data on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. The firm had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Equities research analysts anticipate that Smartstop Self Storage REIT Inc will post 2 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.1315 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.9%. Smartstop Self Storage REIT’s payout ratio is 319.61%.

Insider Buying and Selling at Smartstop Self Storage REIT

In other news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $34.36, for a total value of $35,219.00. Following the sale, the general counsel directly owned 588 shares of the company’s stock, valued at approximately $20,203.68. This represents a 63.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Institutional investors and hedge funds have recently modified their holdings of the stock. Irenic Capital Management LP acquired a new stake in Smartstop Self Storage REIT in the 2nd quarter worth about $28,490,000. Conversant Capital LLC acquired a new position in shares of Smartstop Self Storage REIT during the 1st quarter worth approximately $25,972,000. Principal Financial Group Inc. grew its position in shares of Smartstop Self Storage REIT by 25.6% during the 1st quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock worth $78,611,000 after purchasing an additional 528,974 shares in the last quarter. Independent Financial Group LLC bought a new position in shares of Smartstop Self Storage REIT during the first quarter worth approximately $10,689,000. Finally, Cbre Investment Management Listed Real Assets LLC raised its position in shares of Smartstop Self Storage REIT by 57.9% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 371,785 shares of the healthcare company’s stock valued at $11,503,000 after buying an additional 136,382 shares in the last quarter.

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.