Shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.44 and traded as high as $32.69. Smartstop Self Storage REIT shares last traded at $32.2750, with a volume of 752,151 shares changing hands.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on SMA. Raymond James Financial started coverage on Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price objective on the stock. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 16th. Robert W. Baird boosted their target price on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. BMO Capital Markets downgraded 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 report on Thursday, August 27th. Finally, National Bank Financial increased their price target 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. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Smartstop Self Storage REIT currently has an average rating of “Moderate Buy” and a consensus price target of $36.86.
View Our Latest Analysis on SMA
Smartstop Self Storage REIT Stock Performance
The stock’s 50-day simple moving average is $33.59 and its 200 day simple moving average is $32.44. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28. The company has a market capitalization of $1.79 billion, a PE ratio of 63.29 and a beta of 0.49.
Smartstop Self Storage REIT (NYSE:SMA – Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.29). The firm had revenue of $79.28 million for 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. As a group, research analysts expect that Smartstop Self Storage REIT Inc will post 2 earnings per share for the current fiscal year.
Smartstop Self Storage REIT Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.1315 dividend. The ex-dividend date is Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.9%. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is currently 319.61%.
Insider Transactions at Smartstop Self Storage REIT
In other news, General Counsel Nicholas Look sold 1,025 shares of the company’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $34.36, for a total transaction of $35,219.00. Following the completion of the transaction, the general counsel directly owned 588 shares of the company’s stock, valued at approximately $20,203.68. This represents a 63.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.70% of the stock is owned by company insiders.
Institutional Investors Weigh In On Smartstop Self Storage REIT
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV purchased a new stake in shares of Smartstop Self Storage REIT during the 4th quarter worth approximately $25,000. Anchor Investment Management LLC acquired a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at $31,000. Strategic Advocates LLC purchased a new position in shares of Smartstop Self Storage REIT in the 4th quarter valued at $33,000. Compass Financial Management LLC purchased a new position in shares of Smartstop Self Storage REIT in the 2nd quarter valued at $38,000. Finally, Allworth Financial LP raised its stake in Smartstop Self Storage REIT by 6,645.5% during the 4th quarter. Allworth Financial LP now owns 1,484 shares of the healthcare company’s stock worth $46,000 after acquiring an additional 1,462 shares in the last quarter.
Smartstop Self Storage REIT Company Profile
SmartStop Self Storage REIT, Inc is a self-managed and fully integrated real estate investment trust focused on the ownership, operation, acquisition and development of self-storage properties. The company provides storage solutions for residential, commercial and vehicle-storage customers through facilities operating primarily under the SmartStop Self Storage brand.
SmartStop’s properties offer a range of unit sizes and features, including climate-controlled storage, drive-up access, month-to-month rental options, online leasing and payment services, and protection plans.
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