KeyCorp Issues Positive Forecast for Smartstop Self Storage REIT (NYSE:SMA) Stock Price

Smartstop Self Storage REIT (NYSE:SMA) had its target price increased by stock analysts at KeyCorp from $40.00 to $42.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the healthcare company’s stock. KeyCorp‘s target price points to a potential upside of 7.77% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Truist Financial downgraded shares of Smartstop Self Storage REIT from a “buy” rating to a “hold” rating and reduced their price target for the stock from $36.00 to $33.00 in a research report on Thursday, October 1st. JPMorgan Chase & Co. increased their target price on Smartstop Self Storage REIT from $33.00 to $34.00 and gave the company an “underweight” rating in a report on Monday, September 21st. Weiss Ratings reissued a “hold (c)” rating on shares of Smartstop Self Storage REIT in a report on Wednesday, October 14th. National Bank Financial raised their target price on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a research report on Tuesday, August 18th. Finally, BMO Capital Markets lowered Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price target on the stock. in a research note on Thursday, August 27th. Two equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.98.

Smartstop Self Storage REIT Trading Up 0.1%

Shares of SMA stock opened at $38.97 on Monday. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 67.19 and a beta of 0.27. The stock has a 50 day simple moving average of $33.58 and a 200-day simple moving average of $32.73. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.20 and a quick ratio of 5.28. Smartstop Self Storage REIT has a 1-year low of $29.41 and a 1-year high of $39.48.

Smartstop Self Storage REIT (NYSE:SMA) last posted its quarterly earnings data on Wednesday, November 4th. The healthcare company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.34). The company had revenue of $81.78 million for the quarter. Smartstop Self Storage REIT had a return on equity of 2.64% and a net margin of 10.52%. On average, equities research analysts expect that Smartstop Self Storage REIT will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In other Smartstop Self Storage REIT news, General Counsel Nicholas Look sold 1,025 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $34.36, for a total value of $35,219.00. Following the transaction, the general counsel directly owned 588 shares of the company’s stock, valued at $20,203.68. This trade represents a 63.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last three months, insiders have sold 2,300 shares of company stock valued at $77,604. 5.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Smartstop Self Storage REIT

A number of large investors have recently made changes to their positions in SMA. Allworth Financial LP lifted its position in Smartstop Self Storage REIT by 61.4% during the third quarter. Allworth Financial LP now owns 2,886 shares of the healthcare company’s stock worth $94,000 after buying an additional 1,098 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in Smartstop Self Storage REIT by 98.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 237,187 shares of the healthcare company’s stock valued at $7,637,000 after buying an additional 117,456 shares in the last quarter. Keybank National Association OH purchased a new stake in Smartstop Self Storage REIT in the 3rd quarter valued at $251,000. CenterBook Partners LP acquired a new stake in shares of Smartstop Self Storage REIT in the 3rd quarter worth $598,000. Finally, Kestra Advisory Services LLC increased its stake in shares of Smartstop Self Storage REIT by 12.2% in the 3rd quarter. Kestra Advisory Services LLC now owns 82,901 shares of the healthcare company’s stock worth $2,669,000 after acquiring an additional 9,018 shares during the last quarter.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc (NYSE: SMA) is a self-managed real estate investment trust focused on owning, operating and acquiring self-storage properties. Its facilities provide individuals and businesses with storage units in a range of sizes, along with related services such as online reservations, electronic access and tenant protection offerings.

The company serves customers primarily in the United States and also has exposure to the Canadian self-storage market. Its portfolio includes conventional self-storage facilities and properties offering vehicle, commercial and other specialized storage options.