Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 25,038 shares of the healthcare company’s stock, valued at approximately $758,000.
Several other institutional investors have also recently bought and sold shares of the business. Principal Financial Group Inc. raised its holdings in shares of Smartstop Self Storage REIT by 10,361.9% in the fourth quarter. Principal Financial Group Inc. now owns 2,067,159 shares of the healthcare company’s stock valued at $63,958,000 after buying an additional 2,047,400 shares during the last quarter. Vanguard Group Inc. grew its holdings in Smartstop Self Storage REIT by 122.2% during the 4th quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock worth $110,670,000 after acquiring an additional 1,967,321 shares during the last quarter. Conversant Capital LLC acquired a new stake in Smartstop Self Storage REIT in the 2nd quarter valued at about $36,098,000. Price T Rowe Associates Inc. MD increased its position in Smartstop Self Storage REIT by 13.7% in the 4th 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. Finally, Rush Island Management LP bought a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth about $15,644,000.
Smartstop Self Storage REIT Stock Performance
SMA stock opened at $34.27 on Friday. The business’s fifty day moving average is $32.06 and its 200-day moving average is $32.04. The company has a quick ratio of 5.33, a current ratio of 5.33 and a debt-to-equity ratio of 0.86. The company has a market cap of $1.90 billion, a P/E ratio of 228.45 and a beta of 0.56. Smartstop Self Storage REIT Inc has a twelve month low of $29.41 and a twelve month high of $39.77.
Smartstop Self Storage REIT Increases Dividend
The business also recently announced 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. This represents a c) dividend on an annualized basis and a yield of 4.8%. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. The ex-dividend date is Friday, July 31st. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is 1,053.33%.
Analyst Upgrades and Downgrades
A number of analysts recently weighed in on SMA shares. Wells Fargo & Company raised their price target on shares of Smartstop Self Storage REIT from $30.00 to $32.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Weiss Ratings raised Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research report on Friday, May 8th. JPMorgan Chase & Co. lowered their target price on Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a research note on Monday, March 23rd. Finally, Raymond James Financial initiated coverage on Smartstop Self Storage REIT in a research note on Wednesday. They issued a “strong-buy” rating and a $39.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Smartstop Self Storage REIT has a consensus rating of “Moderate Buy” and an average price target of $36.31.
Get Our Latest Analysis on SMA
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.
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