CI Investments Inc. Sells 20,251 Shares of Smartstop Self Storage REIT Inc $SMA

CI Investments Inc. lessened its holdings in Smartstop Self Storage REIT Inc (NYSE:SMA) by 9.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 184,922 shares of the healthcare company’s stock after selling 20,251 shares during the period. CI Investments Inc. owned about 0.33% of Smartstop Self Storage REIT worth $5,599,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. JPMorgan Chase & Co. purchased a new position in Smartstop Self Storage REIT during the second quarter valued at approximately $3,155,000. New York State Common Retirement Fund purchased a new stake in Smartstop Self Storage REIT during the second quarter worth $326,000. Quantbot Technologies LP purchased a new position in shares of Smartstop Self Storage REIT in the 2nd quarter valued at $377,000. Invesco Ltd. purchased a new position in shares of Smartstop Self Storage REIT in the 2nd quarter valued at $602,000. Finally, Marshall Wace LLP bought a new position in shares of Smartstop Self Storage REIT in the 2nd quarter worth $830,000.

Wall Street Analysts Forecast Growth

SMA has been the subject of a number of analyst reports. Weiss Ratings upgraded Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Raymond James Financial started coverage on shares of Smartstop Self Storage REIT in a research report on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 target price for the company. Wells Fargo & Company upped their price objective 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. Finally, Zacks Research raised shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Smartstop Self Storage REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $36.31.

Smartstop Self Storage REIT Price Performance

Shares of NYSE SMA opened at $33.66 on Friday. Smartstop Self Storage REIT Inc has a 52 week low of $29.41 and a 52 week high of $39.77. The business’s 50 day moving average price is $32.27 and its 200 day moving average price is $32.13. 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 firm has a market cap of $1.86 billion, a P/E ratio of 224.41 and a beta of 0.56.

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 analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $78.31 million during the quarter, compared to analyst estimates of $72.56 million. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The firm’s quarterly revenue 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. On average, sell-side analysts expect that Smartstop Self Storage REIT Inc will post 2 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a $0.1359 dividend. The ex-dividend date of this dividend is Friday, July 31st. This is a positive change from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. This represents a c) annualized dividend and a yield of 4.8%. Smartstop Self Storage REIT’s dividend payout ratio is currently 1,053.33%.

Smartstop Self Storage REIT Profile

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.