Smartstop Self Storage REIT Inc (NYSE:SMA) Receives $36.38 Average Target Price from Brokerages

Shares of Smartstop Self Storage REIT Inc (NYSE:SMA) have earned an average rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $36.4688.

A number of equities research analysts have recently issued reports on SMA shares. Wells Fargo & Company restated a “neutral” rating on shares of Smartstop Self Storage REIT in a report on Friday, July 24th. Raymond James Financial initiated coverage on shares of Smartstop Self Storage REIT in a research note on Wednesday, July 15th. They issued a “strong-buy” rating and a $39.00 price objective for the company. National Bank Financial lifted their price objective on shares of Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a research report on Tuesday. Zacks Research upgraded Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a report on Friday, May 8th. Finally, Robert W. Baird raised their target price on Smartstop Self Storage REIT from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, August 10th.

Trending Headlines about Smartstop Self Storage REIT

Here are the key news stories impacting Smartstop Self Storage REIT this week:

• Positive Sentiment: National Bank Financial raised its price target for SmartStop Self Storage REIT to $39.25 from $38.50 and maintained an “outperform” rating, implying meaningful potential upside from recent trading levels. National Bank Financial price target update
• Positive Sentiment: Brokerages’ consensus target price was reported at $36.38, suggesting analysts see additional appreciation potential for SMA. The target supports the positive analyst sentiment surrounding the stock. SmartStop consensus price target
• Neutral Sentiment: SmartStop completed a CAD $200 million Canadian Maple bond offering through senior unsecured notes. The financing diversifies the company’s funding sources and provides capital for general corporate purposes, but it also adds debt and interest-rate and currency exposure. SmartStop Canadian Maple bond offering SmartStop senior unsecured notes offering
• Negative Sentiment: Director David J. Mueller sold 425 shares, reducing his holdings by 8.39%. However, the sale was executed under a pre-arranged Rule 10b5-1 plan, which makes it a weaker bearish signal than discretionary insider selling. David J. Mueller stock sale
• Negative Sentiment: General Counsel Nicholas Look sold 1,025 shares worth approximately $35,219, reducing his direct ownership by 63.55%. The sizable percentage reduction may weigh on sentiment, though the transaction alone does not indicate a change in company fundamentals. Nicholas Look SEC stock-sale filing

Insider Buying and Selling

In other Smartstop Self Storage REIT news, General Counsel Nicholas Look sold 1,025 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $34.36, for a total transaction of $35,219.00. Following the completion of the sale, the general counsel directly owned 588 shares in the company, valued at approximately $20,203.68. This trade represents a 63.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last three months, insiders sold 1,875 shares of company stock worth $63,328. Company insiders own 5.70% of the company’s stock.

Institutional Trading of Smartstop Self Storage REIT

A number of hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. purchased a new position in Smartstop Self Storage REIT during the second quarter valued at approximately $3,155,000. New York State Common Retirement Fund acquired a new stake in shares of Smartstop Self Storage REIT during the 2nd quarter valued at $326,000. Quantbot Technologies LP acquired a new stake in shares of Smartstop Self Storage REIT during the 2nd quarter valued at $377,000. Invesco Ltd. purchased a new position in shares of Smartstop Self Storage REIT during the 2nd quarter valued at $602,000. Finally, Marshall Wace LLP purchased a new position in shares of Smartstop Self Storage REIT during the 2nd quarter valued at $830,000.

Smartstop Self Storage REIT Trading Up 0.5%

NYSE:SMA opened at $34.26 on Wednesday. The stock has a fifty day simple moving average of $33.47 and a 200 day simple moving average of $32.38. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 67.18 and a beta of 0.50. Smartstop Self Storage REIT has a 1-year low of $29.41 and a 1-year high of $39.77. The company has a quick ratio of 5.28, a current ratio of 5.28 and a debt-to-equity ratio of 0.89.

Smartstop Self Storage REIT (NYSE:SMA) last posted its quarterly earnings data on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.29). Smartstop Self Storage REIT had a return on equity of 2.33% and a net margin of 9.68%.The company had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. Sell-side analysts forecast that Smartstop Self Storage REIT will post 2 earnings per share for the current year.

Smartstop Self Storage REIT Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.1359 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a c) annualized dividend and a yield of 4.8%. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.14. Smartstop Self Storage REIT’s dividend payout ratio (DPR) is currently 319.61%.

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.