Wells Fargo & Company Forecasts Strong Price Appreciation for Smartstop Self Storage REIT (NYSE:SMA) Stock

Smartstop Self Storage REIT (NYSE:SMA) had its price target lifted by analysts at Wells Fargo & Company from $32.00 to $33.00 in a report issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the healthcare company’s stock. Wells Fargo & Company‘s price target suggests a potential downside of 4.98% from the company’s previous close.

A number of other equities analysts also recently issued reports on the stock. Raymond James Financial started coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They set a “strong-buy” rating and a $39.00 price objective on the stock. Weiss Ratings raised shares of Smartstop Self Storage REIT from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 16th. Finally, Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Smartstop Self Storage REIT currently has an average rating of “Moderate Buy” and an average price target of $36.44.

Smartstop Self Storage REIT Stock Up 3.1%

NYSE:SMA opened at $34.73 on Friday. 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 has a 1-year low of $29.41 and a 1-year high of $39.77. The company has a 50-day moving average of $32.37 and a 200 day moving average of $32.14. The firm has a market cap of $1.92 billion, a PE ratio of 231.53 and a beta of 0.56.

Smartstop Self Storage REIT (NYSE:SMA) last posted its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $78.31 million for the quarter, compared to the consensus estimate of $72.56 million. The company’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. As a group, research analysts anticipate that Smartstop Self Storage REIT will post 2 EPS for the current fiscal year.

Institutional Trading of Smartstop Self Storage REIT

A number of institutional investors have recently modified their holdings of SMA. Price T Rowe Associates Inc. MD raised its stake in shares of Smartstop Self Storage REIT by 13.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 5,913,679 shares of the healthcare company’s stock worth $182,972,000 after acquiring an additional 710,871 shares in the last quarter. Vanguard Group Inc. boosted its stake in Smartstop Self Storage REIT by 122.2% in the fourth quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock valued at $110,670,000 after acquiring an additional 1,967,321 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Smartstop Self Storage REIT by 25.6% in the first quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock worth $78,611,000 after purchasing an additional 528,974 shares during the last quarter. Wellington Management Group LLP grew its holdings in Smartstop Self Storage REIT by 18.3% in the fourth quarter. Wellington Management Group LLP now owns 1,414,451 shares of the healthcare company’s stock worth $43,763,000 after purchasing an additional 218,386 shares during the last quarter. Finally, State Street Corp increased its position in shares of Smartstop Self Storage REIT by 74.1% during the fourth quarter. State Street Corp now owns 1,146,404 shares of the healthcare company’s stock worth $35,624,000 after purchasing an additional 487,811 shares in the last quarter.

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.