Robert W. Baird Cuts Smartstop Self Storage REIT (NYSE:SMA) Price Target to $36.00

Smartstop Self Storage REIT (NYSE:SMA) had its price objective reduced by Robert W. Baird from $37.00 to $36.00 in a research report sent to investors on Friday morning, Marketbeat reports. They currently have an outperform rating on the healthcare company’s stock.

Other research analysts also recently issued reports about the stock. Wells Fargo & Company lifted their target price on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. BMO Capital Markets downgraded shares of Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price target for the company. in a research report on Thursday, August 27th. Raymond James Financial started coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price objective for the company. National Bank Financial lifted their price objective on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. Finally, Truist Financial reissued a “hold” rating and set a $33.00 target price (down from $36.00) on shares of Smartstop Self Storage REIT in a research note on Thursday. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Smartstop Self Storage REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.42.

Smartstop Self Storage REIT Trading Down 0.0%

Shares of NYSE SMA opened at $32.51 on Friday. Smartstop Self Storage REIT has a 12 month low of $29.41 and a 12 month high of $38.69. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 63.74 and a beta of 0.48. 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 business has a fifty day simple moving average of $33.19 and a 200-day simple moving average of $32.41.

Smartstop Self Storage REIT (NYSE:SMA) last released its quarterly earnings results on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). The company had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Sell-side analysts predict that Smartstop Self Storage REIT will post 2.02 EPS for the current year.

Smartstop Self Storage REIT Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $0.1359 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 5.0%. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315. The ex-dividend date of this dividend is Friday, October 30th. Smartstop Self Storage REIT’s payout ratio is currently 309.80%.

Insider Activity at Smartstop Self Storage REIT

In related 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 transaction of $35,219.00. Following the completion of the sale, the general counsel directly owned 588 shares in the company, valued at approximately $20,203.68. This trade represents a 63.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 1,875 shares of company stock worth $63,163 in the last ninety days. Company insiders own 5.70% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Anchor Investment Management LLC acquired a new stake in shares of Smartstop Self Storage REIT during the 4th quarter valued at $31,000. Strategic Advocates LLC acquired a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth $33,000. Compass Financial Management LLC acquired a new position in shares of Smartstop Self Storage REIT in the second quarter worth $38,000. KBC Group NV purchased a new stake in shares of Smartstop Self Storage REIT during the first quarter worth $49,000. Finally, Assetmark Inc. raised its holdings in shares of Smartstop Self Storage REIT by 68.0% during the first quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock worth $52,000 after acquiring an additional 690 shares in the last quarter.

About Smartstop Self Storage REIT

SmartStop Self Storage REIT, Inc (NYSE:SMA) is a real estate investment trust focused on the ownership, operation and management of self-storage facilities. The company provides storage space for residential, commercial and other customers, with offerings that may include traditional storage units, climate-controlled units, vehicle storage and related tenant services.

SmartStop operates under the SmartStop Self Storage brand and serves customers across the United States and Canada. Its facilities generally provide online reservations and payments, electronic access, moving and packing supplies, and other convenience-oriented services.