Smartstop Self Storage REIT Inc (NYSE:SMA) Declares Dividend Increase – $0.14 Per Share

Smartstop Self Storage REIT Inc (NYSE:SMA) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, October 30th will be given a dividend of $0.1359 per share by the healthcare company on Friday, November 13th. This represents a $1.63 annualized dividend and a dividend yield of 5.0%. The ex-dividend date of this dividend is Friday, October 30th. This is a 3.3% increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315.

Smartstop Self Storage REIT Stock Performance

Shares of NYSE:SMA traded up $0.25 during trading on Friday, hitting $32.49. The company’s stock had a trading volume of 86,302 shares, compared to its average volume of 783,498. The company has a 50-day moving average of $33.24 and a 200-day moving average of $32.40. Smartstop Self Storage REIT has a 12 month low of $29.41 and a 12 month high of $38.69. The company has a debt-to-equity ratio of 0.89, a current ratio of 5.28 and a quick ratio of 5.28. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 63.67 and a beta of 0.48.

Smartstop Self Storage REIT (NYSE:SMA) last posted 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). The business had revenue of $79.28 million during the quarter. Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%.Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. On average, sell-side analysts expect that Smartstop Self Storage REIT will post 2.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Truist Financial set a $33.00 price target on shares of Smartstop Self Storage REIT and gave the stock a “hold” rating in a research note on Thursday. Wells Fargo & Company upped their price objective on Smartstop Self Storage REIT from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 1st. Raymond James Financial started coverage on Smartstop Self Storage REIT in a report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 target price on the stock. JPMorgan Chase & Co. lifted their target price on Smartstop Self Storage REIT from $33.00 to $34.00 and gave the company an “underweight” rating in a research report on Monday, September 21st. Finally, National Bank Financial boosted their price target on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the company an “outperform” rating in a report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $36.42.

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.