Smartstop Self Storage REIT Inc (NYSE:SMA) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Smartstop Self Storage REIT Inc (NYSE:SMA) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $36.8125.

SMA has been the subject of a number of research analyst reports. Wells Fargo & Company increased 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. Zacks Research upgraded shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. JPMorgan Chase & Co. cut their price target on shares of Smartstop Self Storage REIT from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Monday, March 23rd. Robert W. Baird cut their price target on shares of Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating for the company in a report on Wednesday, March 11th. Finally, Stifel Nicolaus cut their price target on shares of Smartstop Self Storage REIT from $39.50 to $38.50 and set a “buy” rating for the company in a report on Thursday, February 26th.

Smartstop Self Storage REIT Stock Down 0.7%

SMA stock opened at $32.46 on Tuesday. Smartstop Self Storage REIT has a one year low of $29.41 and a one year high of $39.77. The stock has a market capitalization of $1.80 billion, a PE ratio of 216.37 and a beta of 0.69. 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 has a fifty day moving average of $31.70 and a 200-day moving average of $31.92.

Smartstop Self Storage REIT (NYSE:SMA) last released its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $78.31 million during the quarter, compared to analysts’ expectations of $72.56 million. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. 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, analysts expect that Smartstop Self Storage REIT will post 2.02 EPS for the current year.

Smartstop Self Storage REIT Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.1315 per share. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date is Tuesday, June 30th. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is 1,086.67%.

Hedge Funds Weigh In On Smartstop Self Storage REIT

Several hedge funds have recently added to or reduced their stakes in SMA. Rossby Financial LCC boosted its stake in shares of Smartstop Self Storage REIT by 7.4% during the 4th quarter. Rossby Financial LCC now owns 7,186 shares of the healthcare company’s stock worth $222,000 after purchasing an additional 497 shares during the last quarter. Arax Advisory Partners lifted its position in Smartstop Self Storage REIT by 80.1% during the fourth quarter. Arax Advisory Partners now owns 1,439 shares of the healthcare company’s stock valued at $45,000 after buying an additional 640 shares in the last quarter. MetLife Investment Management LLC raised its stake in shares of Smartstop Self Storage REIT by 3.5% during the fourth quarter. MetLife Investment Management LLC now owns 19,944 shares of the healthcare company’s stock valued at $617,000 after purchasing an additional 671 shares during the period. Assetmark Inc. raised its stake in shares of Smartstop Self Storage REIT by 68.0% during the first quarter. Assetmark Inc. now owns 1,704 shares of the healthcare company’s stock valued at $52,000 after purchasing an additional 690 shares during the period. Finally, Strs Ohio raised its stake in shares of Smartstop Self Storage REIT by 0.7% during the first quarter. Strs Ohio now owns 104,200 shares of the healthcare company’s stock valued at $3,155,000 after purchasing an additional 700 shares during the period.

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.