Wesbanco Bank Inc. Acquires New Position in Smartstop Self Storage REIT Inc $SMA

Wesbanco Bank Inc. acquired a new stake in Smartstop Self Storage REIT Inc (NYSE:SMA) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 24,500 shares of the healthcare company’s stock, valued at approximately $742,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of Smartstop Self Storage REIT by 47.6% during the 1st quarter. SG Americas Securities LLC now owns 14,558 shares of the healthcare company’s stock valued at $441,000 after buying an additional 4,696 shares during the period. Balboa Wealth Partners grew its holdings in shares of Smartstop Self Storage REIT by 22.2% during the 1st quarter. Balboa Wealth Partners now owns 8,243 shares of the healthcare company’s stock valued at $250,000 after acquiring an additional 1,497 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth $216,000. Anchor Investment Management LLC acquired a new position in shares of Smartstop Self Storage REIT in the fourth quarter worth $31,000. Finally, Invesco Ltd. raised its holdings in shares of Smartstop Self Storage REIT by 9.3% during the fourth quarter. Invesco Ltd. now owns 22,940 shares of the healthcare company’s stock worth $710,000 after acquiring an additional 1,956 shares in the last quarter.

Smartstop Self Storage REIT Trading Up 0.0%

Shares of NYSE:SMA opened at $33.44 on Monday. The stock has a market capitalization of $1.85 billion, a PE ratio of 222.96 and a beta of 0.69. Smartstop Self Storage REIT Inc has a 1 year low of $29.41 and a 1 year high of $39.77. The firm has a fifty day moving average price of $31.78 and a 200 day moving average price of $31.93. 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 (NYSE:SMA) last posted 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. Smartstop Self Storage REIT had a net margin of 4.38% and a return on equity of 1.00%. The firm had revenue of $78.31 million for the quarter, compared to the consensus estimate of $72.56 million. Smartstop Self Storage REIT’s revenue 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. Analysts expect that Smartstop Self Storage REIT Inc will post 2.01 EPS for the current fiscal year.

Smartstop Self Storage REIT Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.1315 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.7%. Smartstop Self Storage REIT’s dividend payout ratio is currently 1,086.67%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SMA shares. Weiss Ratings raised Smartstop Self Storage REIT from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Zacks Research raised Smartstop Self Storage REIT from a “strong sell” rating to a “hold” rating in a research note on Friday, May 8th. Scotiabank raised Smartstop Self Storage REIT to a “strong-buy” rating in a research note on Thursday, March 19th. Wells Fargo & Company lifted their price target on 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. Finally, JPMorgan Chase & Co. lowered their price target 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. Two research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $36.81.

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.