Allstate Corp Invests $581,000 in Smartstop Self Storage REIT Inc $SMA

Allstate Corp acquired a new position in Smartstop Self Storage REIT Inc (NYSE:SMA) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 18,766 shares of the healthcare company’s stock, valued at approximately $581,000.

Several other hedge funds and other institutional investors have also modified their holdings of SMA. Principal Financial Group Inc. grew its stake 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 worth $63,958,000 after acquiring an additional 2,047,400 shares during the last quarter. Vanguard Group Inc. boosted its stake in Smartstop Self Storage REIT by 122.2% during the fourth quarter. Vanguard Group Inc. now owns 3,576,922 shares of the healthcare company’s stock worth $110,670,000 after buying an additional 1,967,321 shares in the last quarter. Conversant Capital LLC acquired a new stake in Smartstop Self Storage REIT during the second quarter worth $36,098,000. Schonfeld Strategic Advisors LLC boosted its stake in Smartstop Self Storage REIT by 91.0% during the third quarter. Schonfeld Strategic Advisors LLC now owns 956,893 shares of the healthcare company’s stock worth $36,017,000 after buying an additional 455,978 shares in the last quarter. Finally, Schroder Investment Management Group acquired a new stake in Smartstop Self Storage REIT during the third quarter worth $15,979,000.

Smartstop Self Storage REIT Stock Down 1.0%

Shares of NYSE:SMA opened at $31.23 on Friday. Smartstop Self Storage REIT Inc has a 52 week low of $29.41 and a 52 week high of $39.77. The company has a debt-to-equity ratio of 0.86, a quick ratio of 5.33 and a current ratio of 5.33. The company’s fifty day moving average is $31.33 and its 200-day moving average is $31.98. The company has a market capitalization of $1.73 billion and a PE ratio of 208.18.

Smartstop Self Storage REIT (NYSE:SMA) last issued its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, beating 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 company had revenue of $78.31 million for the quarter, compared to the consensus estimate of $72.56 million. The company’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. Equities research analysts predict that Smartstop Self Storage REIT Inc will post 2.02 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, June 15th. Stockholders of record on Friday, May 29th will be paid a $0.1359 dividend. The ex-dividend date is Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 5.2%. This is a boost from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. Smartstop Self Storage REIT’s dividend payout ratio is presently 1,086.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on SMA shares. Weiss Ratings upgraded shares of Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Stifel Nicolaus decreased their price target on shares of Smartstop Self Storage REIT from $39.50 to $38.50 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Robert W. Baird decreased their price target on shares of Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Wednesday, March 11th. Zacks Research upgraded shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Finally, Wells Fargo & Company decreased their price target on shares of Smartstop Self Storage REIT from $33.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 16th. Two research analysts have rated the stock with a Strong Buy rating, five 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $36.94.

Smartstop Self Storage REIT Company 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.