BROOKFIELD Corp ON Sells 184,160 Shares of Smartstop Self Storage REIT Inc $SMA

BROOKFIELD Corp ON decreased its holdings in Smartstop Self Storage REIT Inc (NYSE:SMA) by 57.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 134,578 shares of the healthcare company’s stock after selling 184,160 shares during the quarter. BROOKFIELD Corp ON’s holdings in Smartstop Self Storage REIT were worth $4,075,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Conversant Capital LLC bought a new stake in Smartstop Self Storage REIT in the first quarter worth approximately $25,972,000. Sei Investments Co. increased its position in shares of Smartstop Self Storage REIT by 12.7% during the first quarter. Sei Investments Co. now owns 188,147 shares of the healthcare company’s stock valued at $5,697,000 after acquiring an additional 21,200 shares during the last quarter. State of Wyoming increased its holdings in Smartstop Self Storage REIT by 9.2% during the first quarter. State of Wyoming now owns 8,783 shares of the healthcare company’s stock worth $266,000 after buying an additional 738 shares during the last quarter. AlphaCentric Advisors LLC raised its stake in shares of Smartstop Self Storage REIT by 50.0% in the first quarter. AlphaCentric Advisors LLC now owns 30,000 shares of the healthcare company’s stock valued at $908,000 after buying an additional 10,000 shares during the period. Finally, KBC Group NV bought a new position in Smartstop Self Storage REIT in the 1st quarter worth approximately $49,000.

Smartstop Self Storage REIT Price Performance

NYSE SMA opened at $34.73 on Monday. The company has a current ratio of 5.33, a quick ratio of 5.33 and a debt-to-equity ratio of 0.86. Smartstop Self Storage REIT Inc has a 12 month low of $29.41 and a 12 month high of $39.77. The company’s 50 day moving average is $32.37 and its two-hundred day moving average is $32.15. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 231.53 and a beta of 0.56.

Smartstop Self Storage REIT (NYSE:SMA) last issued its earnings results on Wednesday, May 6th. The healthcare company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Smartstop Self Storage REIT had a return on equity of 1.00% and a net margin of 4.38%.The firm had revenue of $78.31 million for the quarter, compared to analysts’ expectations of $72.56 million. Smartstop Self Storage REIT’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 Inc will post 2 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Friday, August 14th. Shareholders of record on Friday, July 31st will be issued a dividend of $0.1359 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date is Friday, July 31st. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.13. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is 1,053.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SMA shares. Zacks Research raised shares of Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Wells Fargo & Company reaffirmed a “neutral” rating on shares of Smartstop Self Storage REIT in a research note on Friday. 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, Raymond James Financial began coverage on shares of Smartstop Self Storage REIT in a report on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $36.44.

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.