Smartstop Self Storage REIT Inc (NYSE:SMA) Raises Dividend to $0.14 Per Share

Smartstop Self Storage REIT Inc (NYSE:SMA) announced a monthly dividend on Wednesday, July 1st. Investors of record on Friday, July 31st will be paid a dividend of 0.1359 per share by the healthcare company on Friday, August 14th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, July 31st. This is a 3.3% increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13.

Smartstop Self Storage REIT Stock Up 0.8%

Shares of Smartstop Self Storage REIT stock traded up $0.27 on Thursday, hitting $33.55. The company had a trading volume of 354,211 shares, compared to its average volume of 809,596. Smartstop Self Storage REIT has a twelve month low of $29.41 and a twelve month high of $39.77. The stock has a 50-day moving average of $31.78 and a 200-day moving average of $31.93. The firm has a market capitalization of $1.86 billion, a P/E ratio of 223.64 and a beta of 0.55. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.33 and a quick ratio of 5.33.

Smartstop Self Storage REIT (NYSE:SMA) last posted its quarterly earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The firm had revenue of $78.31 million for the quarter, compared to analyst estimates of $72.56 million. Smartstop Self Storage REIT’s revenue for the quarter was up 19.7% compared to the same quarter last year. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.940-2.040 EPS. Research analysts predict that Smartstop Self Storage REIT will post 2.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on SMA. Wells Fargo & Company boosted their price objective on Smartstop Self Storage REIT from $30.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Robert W. Baird reduced their price target on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a report on Wednesday, March 11th. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of Smartstop Self Storage REIT from a “sell” rating to a “hold” rating in a report on Saturday, March 7th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Smartstop Self Storage REIT presently has an average rating of “Moderate Buy” and an average price target of $36.81.

About Smartstop Self Storage REIT

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.