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

Smartstop Self Storage REIT Inc (NYSE:SMA) has received a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $36.42.

Several equities research analysts have recently weighed in on SMA shares. Wells Fargo & Company boosted their target price on shares of Smartstop Self Storage REIT from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. BMO Capital Markets cut Smartstop Self Storage REIT from an “outperform” rating to a “market perform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, August 27th. National Bank Financial lifted their target price on Smartstop Self Storage REIT from $38.50 to $39.25 and gave the stock an “outperform” rating in a research report on Tuesday, August 18th. Truist Financial reissued a “hold” rating and set a $33.00 price target (down from $36.00) on shares of Smartstop Self Storage REIT in a research report on Thursday, October 1st. Finally, Robert W. Baird reduced their price objective on Smartstop Self Storage REIT from $37.00 to $36.00 and set an “outperform” rating on the stock in a research note on Friday, October 2nd.

Insiders Place Their Bets

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 shares were sold at an average price of $34.36, for a total value of $35,219.00. Following the transaction, the general counsel owned 588 shares of the company’s stock, valued at $20,203.68. This trade represents a 63.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 1,875 shares of company stock worth $63,163 in the last quarter. 5.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Smartstop Self Storage REIT

Several large investors have recently made changes to their positions in SMA. Principal Financial Group Inc. increased its position in Smartstop Self Storage REIT by 25.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,596,133 shares of the healthcare company’s stock valued at $78,611,000 after acquiring an additional 528,974 shares during the period. Irenic Capital Management LP bought a new position in shares of Smartstop Self Storage REIT in the second quarter worth $28,490,000. Conversant Capital LLC acquired a new position in shares of Smartstop Self Storage REIT during the first quarter valued at $25,972,000. Independent Financial Group LLC acquired a new position in shares of Smartstop Self Storage REIT during the first quarter valued at $10,689,000. Finally, Bank of New York Mellon Corp raised its stake in shares of Smartstop Self Storage REIT by 33.6% during the first quarter. Bank of New York Mellon Corp now owns 231,115 shares of the healthcare company’s stock valued at $6,998,000 after purchasing an additional 58,169 shares in the last quarter.

Smartstop Self Storage REIT Trading Down 1.0%

NYSE:SMA opened at $32.79 on Thursday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 64.30 and a beta of 0.48. Smartstop Self Storage REIT has a one year low of $29.41 and a one year high of $38.69. The company has a debt-to-equity ratio of 0.89, a quick ratio of 5.28 and a current ratio of 5.28. The business’s 50-day simple moving average is $33.05 and its 200 day simple moving average is $32.41.

Smartstop Self Storage REIT (NYSE:SMA) last issued its quarterly earnings data on Wednesday, August 5th. The healthcare company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.29). The business had revenue of $79.28 million for the quarter. Smartstop Self Storage REIT had a net margin of 9.68% and a return on equity of 2.33%. Smartstop Self Storage REIT has set its FY 2026 guidance at 1.980-2.040 EPS. As a group, sell-side analysts predict that Smartstop Self Storage REIT will post 2.02 earnings per share for the current fiscal year.

Smartstop Self Storage REIT Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a $0.1359 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Friday, October 30th. This is an increase from Smartstop Self Storage REIT’s previous monthly dividend of $0.1315. Smartstop Self Storage REIT’s payout ratio is 309.80%.

Smartstop Self Storage REIT Company Profile

SmartStop Self Storage REIT, Inc (NYSE:SMA) is a real estate investment trust focused on the ownership, operation and management of self-storage facilities. The company provides storage space for residential, commercial and other customers, with offerings that may include traditional storage units, climate-controlled units, vehicle storage and related tenant services.

SmartStop operates under the SmartStop Self Storage brand and serves customers across the United States and Canada. Its facilities generally provide online reservations and payments, electronic access, moving and packing supplies, and other convenience-oriented services.