Independent Financial Group LLC Buys New Position in Smartstop Self Storage REIT Inc $SMA

Independent Financial Group LLC purchased a new position in shares of Smartstop Self Storage REIT Inc (NYSE:SMA) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 353,009 shares of the healthcare company’s stock, valued at approximately $10,689,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its position in Smartstop Self Storage REIT by 13.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 5,913,679 shares of the healthcare company’s stock valued at $182,972,000 after acquiring an additional 710,871 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Smartstop Self Storage REIT by 122.2% during the fourth quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock worth $110,670,000 after purchasing an additional 1,967,321 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Smartstop Self Storage REIT by 25.6% during the first 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. Wellington Management Group LLP lifted its position in shares of Smartstop Self Storage REIT by 18.3% during the fourth quarter. Wellington Management Group LLP now owns 1,414,451 shares of the healthcare company’s stock worth $43,763,000 after purchasing an additional 218,386 shares in the last quarter. Finally, Goldentree Asset Management LP boosted its stake in shares of Smartstop Self Storage REIT by 24.5% in the third quarter. Goldentree Asset Management LP now owns 1,181,767 shares of the healthcare company’s stock valued at $44,393,000 after purchasing an additional 232,466 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. 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. Scotiabank upgraded shares of Smartstop Self Storage REIT to a “strong-buy” rating in a report on Thursday, March 19th. Wells Fargo & Company upped their price objective on shares of Smartstop Self Storage REIT from $30.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Raymond James Financial started coverage on Smartstop Self Storage REIT in a research note on Wednesday. They set a “strong-buy” rating and a $39.00 target price for the company. Finally, JPMorgan Chase & Co. dropped their target price on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.31.

Smartstop Self Storage REIT Stock Performance

Smartstop Self Storage REIT stock opened at $35.02 on Friday. The stock has a market cap of $1.94 billion, a P/E ratio of 233.43 and a beta of 0.56. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.86. The stock has a 50 day moving average of $32.03 and a 200-day moving average of $32.03. Smartstop Self Storage REIT Inc has a 52 week low of $29.41 and a 52 week high of $39.77.

Smartstop Self Storage REIT (NYSE:SMA) last issued its quarterly earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $78.31 million during the quarter, compared to analyst estimates of $72.56 million. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The company’s revenue for the quarter 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. 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 business also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.1359 per share. The ex-dividend date of this dividend is Friday, July 31st. This represents a c) annualized dividend and a yield of 4.7%. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is 1,053.33%.

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.