Etesian Wealth Advisors Inc. purchased a new stake in shares of Smartstop Self Storage REIT Inc (NYSE:SMA – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 21,673 shares of the healthcare company’s stock, valued at approximately $671,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Creative Financial Designs Inc. ADV bought a new position in Smartstop Self Storage REIT during the fourth quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Smartstop Self Storage REIT during the third quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. bought a new position in Smartstop Self Storage REIT during the fourth quarter valued at approximately $27,000. Assetmark Inc. bought a new position in Smartstop Self Storage REIT during the fourth quarter valued at approximately $31,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Smartstop Self Storage REIT in the 2nd quarter valued at approximately $35,000.
Smartstop Self Storage REIT Trading Up 1.6%
Shares of NYSE SMA opened at $30.76 on Friday. 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 business’s 50 day moving average price is $31.27 and its 200-day moving average price is $31.90. Smartstop Self Storage REIT Inc has a fifty-two week low of $29.41 and a fifty-two week high of $39.77. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 205.09 and a beta of 0.68.
Smartstop Self Storage REIT Cuts Dividend
The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.1315 dividend. This represents a c) annualized dividend and a dividend yield of 5.1%. The ex-dividend date is Tuesday, June 30th. Smartstop Self Storage REIT’s dividend payout ratio is presently 1,086.67%.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on SMA shares. Zacks Research raised Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Robert W. Baird lowered their price objective on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. JPMorgan Chase & Co. lowered their price objective 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. Weiss Ratings raised Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Stifel Nicolaus lowered their price objective on Smartstop Self Storage REIT from $39.50 to $38.50 and set a “buy” rating for the company in a research note on Thursday, February 26th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.17.
View Our Latest Research Report on SMA
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.
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